Argentina : First Review under the Stand-By Arrangement; Inflation Consultation; Financing Assurances Review; and Request for Rephasing, Augmentation, Waivers of Nonobservance and Applicability of Performance Criteria, and Modification of Performance Criteria-Press Release; Staff Report; and Staff Supplement

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

October 26, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The first review under the SBA is taking place in the context of turbulent market conditions, a stronger-than expected decline in activity, and an inability of the central bank to anchor inflation expectations. Data released since program approval has shown activity slowing markedly and inflation and inflation expectations rising (largely driven by a weakening currency). At the same time, a new bout of volatility in key emerging markets, together with a domestic corruption investigation, has limited Argentina’s access to market financing.

Series:

Country Report No. 18/297

Subject:

English

Publication Date:

October 26, 2018

ISBN/ISSN:

9781484381724/1934-7685

Stock No:

1ARGEA2018003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

113

Please address any questions about this title to publications@imf.org