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July 28, 2014
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'IMF hides well its ideological bias'

International Monetary Fund Managing Director Christine Lagarde participates in the "Conversation on Global Economy" at George Washington University Lisner''s Hall during the IMF/World Bank Spring Meetings.

The head of ministers renewed his criticism of Monday’s report by the IMF that forecasted a sharp deceleration in Argentina’s economy for this year, saying the credit organization “hides its ideological bias.”

Earlier in the week, Cabinet Chief Jorge Capitanich had questioned the World Economic Outlook report released by the International Monetary Fund already questioning its “ideological” basis.

“IMF recommendations led to Argentina’s worst crisis,” the chief of staff of the Cristina Fernández de Kirchner administration had warned, adding the organization run by Christine Lagarde seeks to “condition” country’s economic policies.

Today, in his daily brief to the press, Capitanich reaffirmed his “ideological bias” position and responded to the IMF chief who yesterday told the CNN “nations are not led by ideologies.”

Still, Lagarde praised the changes the federal government has made to comply with the fund’s rules on the reporting of statistics. “I know Argentine authorities are re-establishing the figures to calculate the GDP,” she told US reporters but pointed out the IMF would only evaluate results.

In the 2014 World Economic Outlook, the IMF puts the focus on Argentina’s economic scenario, warning about a process of deceleration, inflation and devaluation.

La titular del Fondo Monetario Internacional cruzó este jueves las críticas recibidas por Capitanich, luego que el funcionario había desestimado el informe del FMI dado a conocer el lunes último por considerar que hubo "sesgo ideológico" de los técnicos para "condicionar" las decisiones de Argentina.

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Tags:  Jorge Capitanich  cabinet chief  IMF  Christine Lagarde  World Economic Outlook  inflation  economy  devaluation  





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