Argentina: First Review Under the Stand-By Arrangement and Exchange System
Volume/Issue:
Volume 2003
Issue 214
Publication date: July 2003
ISBN: 9781451801330
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , government , debt , restructuring measure , debt restructuring process , supreme court ruling , dollar deposit , regarding bank reform , Debt service , Public sector , Fiscal stance , Europe
Summary
The transitional program is broadly on track and quantitative program targets have been met, but structural reforms have been delayed. There are still risks to revenues and expenditures from possible judicial decisions, and the fiscal program may need to be adapted for changes in the macroeconomic framework. Monetary policy continues to face significant uncertainties, and priority needs to be given to providing a predictable regulatory framework for the banking system. Policy preparation can facilitate the transition to the new government.
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