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Brazil & Southern Cone - December 2013 (ISSN 1741-4431)
ARGENTINA: Back in from the cold?
The International Monetary Fund (IMF)’s latest press release on 9 December cut Argentina some slack. “While noting that Argentina has not adopted the measures called for by the Fund to address the inaccurate provision of CPI-GBA and GDP data, the Executive Board recognized Argentina’s on-going work and intention to introduce a new national CPI in early 2014. The Board also noted that Argentina is working to address the shortcomings in its GDP data.” Months after the IMF managing-director, Christine Lagarde, warned Argentina that it could face a “red card” if it did not get its statistics in order, the Fund now appears to be taking a softer line. The key question is whether Argentina will accept or spurn this advance.
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