Argentina [electronic resource] : Third Review Under the Stand-By Arrangement, Request for Waivers and Modification of the Program.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 01/90Publication details: Washington, D.C. : International Monetary Fund, 2001Description: 1 online resource (42 p.)ISBN: 1451801327 :ISSN: 1934-7685Subject(s): Debt | Deficit | Interest | Public Sector | Stand-By Arrangement Reviews | ArgentinaAdditional physical formats: Print Version:: Argentina : Third Review Under the Stand-By Arrangement, Request for Waivers and Modification of the ProgramOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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