{
  "title": "Argentina: Staff Report for the 2002 Article IV Consultation",
  "publication": "IMF Staff Country Reports, July 25, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/argentina-staff-report-for-the-2002-article-iv-consultation-16755",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Executive summary and causes of the crisis",
      "content": "- Domestic and external factors combined to bring about the loss of confidence in Argentina that triggered the debt default and the crisis.\n- Restoring confidence in legal certainty has been a major challenge for Argentina."
    },
    {
      "heading": "Fiscal program and policy focus",
      "content": "- The fiscal program is centered on maintaining tight control over primary spending.\n- Rebuilding the tax administration is a core element of the fiscal strategy."
    },
    {
      "heading": "Outstanding issues and financing",
      "content": "- A key outstanding issue is to close the estimated fiscal and external financing gap."
    },
    {
      "heading": "Medium-term requirements and reforms",
      "content": "- The fiscal effort required to sustain the public finances in the medium term will require the adoption of major structural reforms."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subject: Banking, Commercial banks, Currencies, Expenditure, Fiscal policy, Fiscal stance, Money, Public debt, Revenue administration\n- 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\n\n---\n\n Content in this bundle\n\n- cr03226\n  - cr03226 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr03226 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 25, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451801361.002",
    "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.",
    "The fiscal program is centered on maintaining tight control over primary spending.",
    "Rebuilding the tax administration is a core element of the fiscal strategy.",
    "A key outstanding issue is to close the estimated fiscal and external financing gap.",
    "The fiscal effort required to sustain the public finances in the medium term will require the adoption of major structural reforms.",
    "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",
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