Argentina: Ex-Post Evaluation of Exceptional Access Under the 2018 Stand-By Arrangement-Press Release and Staff Report
December 22, 2021
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On June 20, 2018, the Executive Board approved the largest stand-by arrangement in the Fund’s history, in support of Argentina’s 2018-21 economic program. After an augmentation in October 2018, access under the arrangement amounted to US$57 billion (1,227 percent of Argentina’s IMF quota). The program saw only four of the planned twelve reviews completed, and did not fulfil the objectives of restoring confidence in fiscal and external viability while fostering economic growth. The arrangement was canceled on July 24, 2020.
Subject: Exchange rates, Fiscal consolidation, Fiscal policy, Foreign exchange, Inflation, Inflation targeting, International organization, Monetary policy, Prices, Public debt
Keywords: Argentina program, Caribbean, Exchange rates, Fiscal consolidation, fund policy, Global, government ownership, IMF arrangement, IMF financial support, Inflation, Inflation targeting, policy choice, policy space
Pages:
135
Volume:
2021
DOI:
Issue:
279
Series:
Country Report No. 2021/279
Stock No:
1ARGEA2021001
ISBN:
9781616357993
ISSN:
1934-7685
