Argentina Third Review Under the Stand-By Arrangement, Request for Waivers and Modification of the Program

In 2000, economic activity declined by 0.5 percent, reflecting an 8 percent drop in investment spending. All rated banks, many corporate, several provinces, and the city of Buenos Aires were also downgraded on concerns about growth and the difficult fiscal situation. The performance in regard to str...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:In 2000, economic activity declined by 0.5 percent, reflecting an 8 percent drop in investment spending. All rated banks, many corporate, several provinces, and the city of Buenos Aires were also downgraded on concerns about growth and the difficult fiscal situation. The performance in regard to structural reforms under the program was uneven. The authorities designed and started the national tax audit plan. Consumer prices are likely to remain broadly unchanged reflecting the still large output gap and the continued high unemployment
Physical Description:42 pages
ISBN:9781451801323