Argentina: Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Performance Criteria

July 9, 2004

Preview Citation

Format: Chicago

Argentina: Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Performance Criteria, (USA: International Monetary Fund, 2004) accessed November 24, 2024

Summary

This paper examines Argentina’s Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Performance Criteria. The economy is recovering rapidly, while inflation remains subdued. Strengthening consumer and business confidence and cautious monetary and fiscal policies have facilitated further reductions in interest rates, a stable peso, and further reserve accumulation. Buoyant tax revenues resulted in larger-than-programmed fiscal savings in 2003. Although high commodity prices and strengthening partner country demand are pushing export receipts to record levels, imports also continue to surge, driven by buoyant economic activity.

Subject: Arrears, Asset and liability management, Banking, Debt restructuring, External debt, Public debt, Revenue administration, Tariffs, Taxes

Keywords: Arrears, Authorities' cooperation, Banking strategy, CR, Debt, Debt exchange, Debt exchange offer, Debt restructuring, Global, ISCR, Management bank, Staff appraisal, Tariffs

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/195
Stock No:

1ARGEA0022004
ISBN:

9781451801347
ISSN:

1934-7685

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