Press Release No. 12/488

Press Release: Statement by the IMF Spokesman on Argentina

December 17, 2012

Mr. Gerry Rice, Director of External Relations at the International Monetary Fund (IMF), issued the following statement today:

“As required by the Executive Board’s decision of September 17, 2012 on Argentina, today IMF management has submitted a report to the Executive Board on Argentina’s response to concerns raised by the IMF respecting the quality of the official data reported to the IMF for the Consumer Price Index for Greater Buenos Aires (CPI-GBA) and Gross Domestic Product (GDP).  I expect this report will be given due consideration by the Board sometime in late January. The Fund has no further comment on the report and its contents at this time.”

See Press Release No. 12/319 for additional background on IMF concerns related to the quality of economic data produced by Argentina.