## 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](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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## Bibliographic details
- Published: July 25, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451801361.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/argentina-staff-report-for-the-2002-article-iv-consultation-16755_