IMF May Lift Argentina Censure by November After Praising Revamp

Source: Bloomberg
By: Charlie Devereux

The International Monetary Fund said on Wednesday it will probably lift its censure on Argentina by November after praising the statistics agency for correcting inaccuracies in its economic data.

While highlighting an improvement in accuracy in the country’s new consumer price index and noting that a revised series for gross domestic product meets international standards, the IMF said it will wait for a report scheduled to be submitted Nov. 15 before making a final decision. The document to be reviewed in November will be based on a mission’s Article IV consultation with Argentina in September.

“In light of the positive steps taken by the Argentine authorities, with continued progress and with a positive report to the board by the managing director, the executive board would be in a position to lift the declaration of censure at that time,” the Washington-based lender said in an e-mailed statement.


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