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

December 19, 2003

Preview Citation

Format: Chicago

Argentina: Request for Stand-By Arrangement and Request for Extension of Repurchase Expectations, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

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.

Subject: Arrears, Asset and liability management, Banking, Credit, Debt restructuring, Debt service, External debt, Money, Public debt, Sovereign debt restructuring

Keywords: Argentina, Arrears, Automobile production, Banking restructuring strategy, Budget expenditure, CR, Credit, Debt, Debt restructuring, Debt service, Europe, Fund credit, ISCR, Staff appraisal

Publication Details

Pages:

105
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/392
Stock No:

1ARGEA0062003
ISBN:

9781451801385
ISSN:

1934-7685

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