Argentina: Second Review Under the Stand-By Arrangement and Request for Waivers of Nonobservance and Applicability of Performance Criteria

July 25, 2003

Preview Citation

Format: Chicago

Argentina: Second Review Under the Stand-By Arrangement and Request for Waivers of Nonobservance and Applicability of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Sound macroeconomic policies are key to improving market sentiment and smoothing the political transition. Implementation of structural reforms has been disappointing. The introduction of a further stay on mortgage foreclosures sends a highly negative signal about the protection of creditor rights. Continuation of a prudent fiscal policy will be the first challenge for the new administration. A cautious easing of monetary policy appears warranted given recent price and exchange rate trends. The new administration faces enormous challenges in advancing toward an appropriately comprehensive structural reform program.

Subject: Arrears, Bank resolution, Banking, Economic sectors, Expenditure, External debt, Financial crises, Monetary base, Public debt, Public sector

Keywords: Argentina's Stand-By Arrangement, Arrears, Bank resolution, CR, Europe, Executive board discussion, Financing information, Government, Government loan, ISCR, Public sector, Stand-By Arrangement, Successor program

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/215
Stock No:

1ARGEA0032003
ISBN:

9781451801354
ISSN:

1934-7685

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