IMF Staff Country Reports

Argentina: Third Review Under the Stand-By Arrangement, Request for Waivers and Modification of the Program

Publication Date:

June 18, 2001

Electronic Access:

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Summary:

In 2000, economic activity declined by 0.5 percent, reflecting an 8 percent drop in investment spending. All rated banks, many corporate, several provinces, and the city of Buenos Aires were also downgraded on concerns about growth and the difficult fiscal situation. The performance in regard to structural reforms under the program was uneven. The authorities designed and started the national tax audit plan. Consumer prices are likely to remain broadly unchanged reflecting the still large output gap and the continued high unemployment.

Series:

Country Report No. 2001/090

Subject:

Banking Debt service Economic sectors Expenditure External debt Public debt Public sector