Argentina: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, July 25, 2003
Source details
- Canonical URL
- Argentina: Staff Report for the 2002 Article IV Consultation
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Bibliographic details
- Published: July 25, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451801361.002
Executive summary and causes of the crisis
- Domestic and external factors combined to bring about the loss of confidence in Argentina that triggered the debt default and the crisis.
- Restoring confidence in legal certainty has been a major challenge for Argentina.
Fiscal program and policy focus
- The fiscal program is centered on maintaining tight control over primary spending.
- Rebuilding the tax administration is a core element of the fiscal strategy.
Outstanding issues and financing
- A key outstanding issue is to close the estimated fiscal and external financing gap.
Medium-term requirements and reforms
- The fiscal effort required to sustain the public finances in the medium term will require the adoption of major structural reforms.
Subject areas and keywords (as listed)
- Subject: Banking, Commercial banks, Currencies, Expenditure, Fiscal policy, Fiscal stance, Money, Public debt, Revenue administration
- Keywords: Africa, bullet, contingency fund, CR, Currencies, Eastern Europe, expenditure measure, financing gap, Fiscal stance, foreign exchange restriction, government, government of Argentina, ISCR, poverty indicator, U.S. dollar, Western Europe