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Argentina: Request for Stand-By Arrangement and Request for Extension of Repurchase Expectations

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  • International Monetary Fund

Abstract

Good progress has been made in stabilizing the economic and social situation since the crisis. Fiscal adjustment over a prolonged period will bring the public finances to a sustainable path. To protect social expenditures and allow higher public investment, a comprehensive tax reform is required. Strengthening central bank autonomy is essential for the successful implementation of inflation targeting and restructuring of the financial system. Full cooperation with the multilateral development banks is important to secure necessary program financing, re-establishing sustained growth, and reducing widespread poverty.

Suggested Citation

  • International Monetary Fund, 2003. "Argentina: Request for Stand-By Arrangement and Request for Extension of Repurchase Expectations," IMF Staff Country Reports 2003/392, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/392
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    Cited by:

    1. David Rosnick & Mark Weisbrot, 2007. "Political Forecasting? The IMF's Flawed Growth Projections for Argentina and Venezuela," CEPR Reports and Issue Briefs 2007-10, Center for Economic and Policy Research (CEPR).

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