Argentina: First Review Under the Stand-By Arrangement and Exchange System
July 25, 2003
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The transitional program is broadly on track and quantitative program targets have been met, but structural reforms have been delayed. There are still risks to revenues and expenditures from possible judicial decisions, and the fiscal program may need to be adapted for changes in the macroeconomic framework. Monetary policy continues to face significant uncertainties, and priority needs to be given to providing a predictable regulatory framework for the banking system. Policy preparation can facilitate the transition to the new government.
Subject: Banking, Debt restructuring, Debt service, Economic sectors, External debt, Fiscal policy, Fiscal stance, Public debt, Public sector
Keywords: CR, debt, debt restructuring process, Debt service, dollar deposit, Europe, Fiscal stance, government, ISCR, Public sector, regarding bank reform, restructuring measure, supreme court ruling
Pages:
62
Volume:
2003
DOI:
Issue:
214
Series:
Country Report No. 2003/214
Stock No:
1ARGEA0022003
ISBN:
9781451801330
ISSN:
1934-7685
