Argentina: Second Review Under the Stand-By Arrangement and Request for Augmentation
IMF Staff Country Reports, January 26, 2001
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- Argentina: Second Review Under the Stand-By Arrangement and Request for Augmentation
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Bibliographic details
- Authors: Arrangement, Request
- Published: January 26, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451801286.002
Overview and Purpose
- Review focuses on fiscal consolidation and on structural reforms to improve productivity and competitiveness in the economy.
- The continuing recession hindered the implementation of the fiscal program for 2000.
- Authorities recognize the importance of reassuring domestic and foreign investors about their commitment to medium-term fiscal attainability.
- Authorities responded to adverse developments by strengthening the growth orientation of their economic program through measures aimed at:
- promoting a recovery of investment, and
- accelerating implementation of structural reforms.
Key Findings and Assessment
- Fiscal program implementation was hindered by the ongoing recession in 2000.
- Restoring investor confidence (domestic and foreign) is central to medium-term fiscal attainability.
- A growth-oriented adjustment was adopted, combining measures to stimulate investment with accelerated structural reforms.
Subject Areas and Keywords
- Subject: Economic sectors, Expenditure, External debt, Public debt, Public sector, Revenue administration
- Keywords: Argentina's position, CR, financial support, financial support package, IMF support, ISCR, lowering of interest rates, market confidence, private sector, Public sector, SDR, stand-by credit