Statement by an IMF Technical Mission to Argentina

IMF News, July 1, 2016

Source details

Press Release No. 16/315
Date: July 1, 2016
A technical mission from the International Monetary Fund (IMF) mission, led by Mr. Roberto Cardarelli, visited Buenos Aires between June 27 – July 1.
Context: ongoing dialogue between the IMF and Argentine regarding the quality of official Consumer Price Index (CPI) and Gross Domestic Product (GDP) data.

The IMF technical mission held wide-ranging and detailed meetings with officials at the national statistics institute (INDEC) and Ministry of Economy regarding the methodology and underlying data on the new official CPI and GDP statistics.
The team “was impressed by the authorities’ strong commitment to improving the quality and transparency regarding official data.”
The team thanked their colleagues at INDEC and the Ministry of Economy “for the constructive and open discussions.”

The team will return to Washington to complete a report that will form the basis for the Managing Director’s report to the Executive Board on the issue.
The subsequent Board meeting is expected to take place in late August.

Press Release No. 16/315 — July 1, 2016 — IMF Communications Department