April 25, 2014
Monday, December 9, 2013

IMF extend Argentina deadline for improved inflation, GDP statistics

Directors of the International Monetary Fund (IMF) announced today that they will give Argentine authorities an extended deadline in order to improve upon disputed national statistics, giving the nation until March 2014 to make the necessary changes.

A report released today by the global economic authority contained criticism for the statistics released by state data authority INDEC. The IMF, reads the statement, continue censuring Argentina, who according to the body "have not adopted the measures requested by the Fund to deal with inadequate Consumer Price Index and Gross Domestic Product figures.

Nevertheless, the IMF board also praised "the work and attempt to introduce a new Consumer Price Index at the start of 2014," as well as efforts to "alleviate deficiencies in GDP statistics."

Referring to an "established timeframe," the organisation requested that Argentina prepare from March 2014, "an initial collections of specific measure, including the publication of a new CPI and revised estimates for GDP."

Other measures which were not outlined in the statement "must be implemented at the end of September 2014 and the end of February 2015."

The IMF board of directors analysed the issue of Argentine statistics for an hour and a half, as well as the proposal delivered by Argentina to improve inflation and GDP data.
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Tags:  IMF  Argentina  inflation  

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