Press Release No. 16/315

Statement by an IMF Technical Mission to Argentina

July 1, 2016

A technical mission from the International Monetary Fund (IMF) mission, led by Mr. Roberto Cardarelli, visited Buenos Aires between June 27 – July 1, in the context of the ongoing dialogue between the IMF and Argentine regarding the quality of official Consumer Price Index (CPI) and Gross Domestic Product (GDP) data. At the conclusion of the visit today, Mr. Cardarelli issued the following statement:

“The IMF technical mission held wide-ranging and detailed meetings with officials at the national statistics institute (INDEC) and Ministry of Economy regarding the methodology and underlying data on the new official CPI and GDP statistics, and was impressed by the authorities’ strong commitment to improving the quality and transparency regarding official data.

“The team will now return to Washington to complete a report that will form the basis for the Managing Director’s report to the Executive Board on the issue. The subsequent Board meeting is expected to take place in late August.

“The team thanks their colleagues at INDEC and the Ministry of Economy for the constructive and open discussions.”