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IMF Says Further Discussions Needed On Argentina Program

ARGENTINA
  • IMF Releases Statement After Meetings With Argentine Officials
  • “…there were general understandings on the need to gradually and sustainably improve public finances, while allowing for much-needed infrastructure, technology, and targeted social spending. Tackling persistent high inflation requires a multipronged approach involving a reduction of monetary financing of the fiscal deficit, appropriate monetary policy with positive real interest rates, and wage-price coordination.”
  • “While further discussions are needed, the IMF team and the Argentine authorities remain fully committed to their collective work on a framework and policies for an IMF-supported program.”
  • The full statement can be accessed here:
  • https://www.imf.org/en/News/Articles/2021/12/10/pr21371-imf-mission-team-statement-on-argentina
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