IMF urges Argentina to address inflation index within six months

The International Monetary Fund (IMF) warned Argentina about its “lack of progress” in addressing inflation data and called on the country to implement “specific measures” within the next six months to improve it.

“The Executive Board regrets the absence of progress in the adaptation to international statistics standards and took note of the intention of the Argentine authorities to adopt measures to face the quality of the data presented,” the Fund stated in a press release.

However, it does not mention any specific sanctions against Argentina.

The organization insisted on “the obligations of all member countries to provide accurate data to the International Monetary Fund,” which range from inflation to Gross Domestic Product (GDP) levels.

The press release “calls on Argentina to implement specific measures, within a period of 180 days, to address the quality" of its inflation data