IMF Staff Country Reports

Argentina: Staff Report for 2022 Article IV Consultation and request for an Extended Arrangement under the Extended Fund-Facility-Press Release; Staff Report; and Staff Supplements

March 25, 2022

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Argentina: Staff Report for 2022 Article IV Consultation and request for an Extended Arrangement under the Extended Fund-Facility-Press Release; Staff Report; and Staff Supplements, (USA: International Monetary Fund, 2022) accessed November 8, 2024

Summary

Against the background of a decade of declining per-capita income and high inflation, the Article IV consultation focused on policies to begin to tackle Argentina’s underlying impediments to sustained growth and low and stable inflation. Avoiding boom-bust dynamics suggests the need for greater emphasis on policies to promote net exports and mobilize domestic saving to finance much-needed investment. Reversing the high degree of financial dollarization, however, will take time and will require a durable commitment to tackle fiscal dominance and strengthen debt sustainability. Meanwhile, addressing budget rigidities is essential to improve Argentina’s resilience to shocks, while reorienting public spending towards investment and innovation is critical to support productivity and reduce intergenerational inequities. Sustained political and social consensus is necessary for policy predictability and to balance demands from financing Argentina’s large social welfare system while also encouraging private investment and formal employment.

Subject: Debt service, External debt, Government debt management, Inflation, International organization, Monetary policy, Prices, Public debt, Public financial management (PFM)

Keywords: Caribbean, Debt service, Deep-seated challenge, EFF arrangement, Global, Government debt management, IFC investment activity, Inflation, Peak fund exposure, Policy implementation risk, Portfolio investment position

Publication Details

  • Pages:

    178

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/092

  • Stock No:

    1ARGEA2022001

  • ISBN:

    9798400205453

  • ISSN:

    1934-7685

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