Argentina: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Argentina

This paper highlights Argentina’s Request for an Extended Arrangement under the Extended Fund Facility. Building on the authorities’ strong track record, the arrangement supports the transition to a new phase of their stabilization and growth plan to entrench macroeconomic stability, strengthen external sustainability, and deepen structural reforms to create a more open and market-oriented economy. Building on the impressive ongoing efforts to deregulate the economy, the program seeks to deepen structural reforms to boost Argentina’s growth, including via its vast potential in energy and mining. Against the global backdrop of elevated and escalating risks, the authorities’ have contingency plans in place, to be complemented by agile policy making in the context of program reviews to refine macroeconomic policies as needed to meet program objectives and durably restore stability. Policy priorities will center on sustaining a strong fiscal anchor, transitioning to a more robust monetary and foreign exchange regime, with greater exchange rate flexibility, and advancing reforms to foster productivity, competitiveness, and growth.