July 23, 2014
World Bank requests 'macroeconomic adjustment' for Argentina
Although De la Torre remarked the country’s “vigorous grow in the past 12 years,” he warned that Argentina “did not took on damping policies against crashes.”
Comments were stated hours before a meeting between Economy Minister Axel Kicillof and World Bank authorities, where the parts analyzed a new credit line bound to the country led by President Cristina Fernández de Kirchner.
According the official, Argentina’s priorities must included “a damping policy, which requires a short term adjustment in the macro economy, combined with fiscal and monetary policies.”
And in addition, improve “the trust of its institutions before local and international investors so they will be able to make long term bets,” De la Torre concluded.