Argentina: Staff Report for the 2000 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria

December 19, 2000

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Argentina: Staff Report for the 2000 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria, (USA: International Monetary Fund, 2000) accessed November 22, 2024

Summary

In 1999, the economy of Argentina was affected owing to recession. More than half of the external account deficit was financed by net foreign direct investment. The public finances deteriorated in 1999, reflecting the impact of the recession on tax revenue, a weakening of tax compliance, a growing interest bill, and spending overruns at both the federal and the provincial government level. The banking system has weathered well the recession, and strong prudential defences that characterize the Argentine banking system have been maintained.

Subject: Banking, Debt service, Economic sectors, Expenditure, External debt, Public debt, Public sector

Keywords: Account deficit, Asia and Pacific, Central bank, Convertibility regime, CR, Debt service, Deficit, Federal deficit, Foreign currency, ISCR, Private sector, Public sector, Recession, Terms of trade, U.S. dollar

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/164
Stock No:

1ARGEA0022000
ISBN:

9781451801316
ISSN:

1934-7685

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