IMF board to discuss Argentina's official index in January

The board of directors of the International Monetary Fund (IMF) will visit Argentina by the end of January to debate the country's improvement in the quality of its official economic index, IMF spokesman announced yesterday.

The head of the fund, Christine Lagarde, sent a report today stating Argentina's answer over the IMF concerns about its inflation and economy growth data, that are questioned by private agencies.

Lagarde's report was not released, and there were no comments about it at the IMF, the Director of the External Relations Department, Gerry Rice, stated in a communiqué.

The head of the Fund could recommend the directors' board to issue a "censorship declaration" against Argentina due to the lack of improvement in its indexes.

The board could accept this petition, or decide to grant time to Argentina to comply with the international criteria in its indexes.