TITLE

IMF Stand-By Arrangement Needed

PUB. DATE
June 2009
SOURCE
Latin America Monitor: Southern Cone Monitor;Jun2009, Vol. 26 Issue 6, p3
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
An economic outlook for Argentina for 2009 is presented. The willingness of the International Monetary Fund (IMF) to provide a stand by arrangement to the government could provide a safety net. The government is facing a huge financing gap with the primary fiscal surplus likely to decline to ARS4.3 billion. It expects the local-currency debt swap to ease the burden of the debt repayment schedule in the short term. The IMF is also forecast to force the government to improve inflation reporting.
ACCESSION #
40210054

 

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