Argentina: Second Review Under the Stand-By Arrangement and Request for Augmentation
The review focuses on fiscal consolidation and on structural reforms to improve productivity and competitiveness in the economy. The continuing recession hindered the implementation of the fiscal program for 2000. The authorities fully recognize the importance of reassuring domestic and foreign investors about their commitment to medium-term fiscal attainability. The authorities have responded to the adverse developments by strengthening the growth orientation of their economic program, through measures aimed at promoting a recovery of investment and an accelerated implementation of structural reforms.
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Volume/Issue:
Volume 2001
Issue 026
Publication date: January 2001
ISBN: 9781451801286
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , private sector , financial support , financial support package , SDR , stand-by credit , market confidence , IMF support , lowering of interest rates , Argentina's position , Public sector
Summary
The review focuses on fiscal consolidation and on structural reforms to improve productivity and competitiveness in the economy. The continuing recession hindered the implementation of the fiscal program for 2000. The authorities fully recognize the importance of reassuring domestic and foreign investors about their commitment to medium-term fiscal attainability. The authorities have responded to the adverse developments by strengthening the growth orientation of their economic program, through measures aimed at promoting a recovery of investment and an accelerated implementation of structural reforms.
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