IMF ‘definitive’ assessment of Argentine inflation and GDP stats in February
IMF Managing Director Christine Lagarde confirmed to the Argentine media that next February first the fund will be assessing her critical report on Argentine statistics, which could lead to sanctions for the country.
“It will on February first”, said Ms Lagarde during her first press conference of the year, when asked on the issue, and contrary to other occasions did not make any further comments.
This would be the definitive assessment of the Argentine case following on repeated postponements. After the evaluation, and according to procedure, IMF directors could consider a ‘red card’ against Argentina given the limited reliability of the country’s stats mainly referred to inflation and GDP, which are the most questioned both domestically and internationally.
At the beginning of this month the Argentine government official stats office, Indec, published that during 2012 prices advanced 10.8%, less than half the average from the consultants, censored by the government, and which reported 25.6% through the so called Congress index.
The IMF announcement of the stats report evaluation day comes at a bad moment for President Cristina Fernandez administration which was expecting the issue could be delayed until after the ongoing court case in New York by the hedge funds that are demanding full payment of capital and interest of Argentine defaulted sovereign bonds. These hedge funds are among the 7% of bond holders that did not accept the debt restructuring process of 2005 and 2010.
Parallel to Ms Lagarde confirmation of the stats controversy, a delegation from the IMF and World Bank are expected next March in Buenos Aires for an assessment of the country’s financial system. This would be the second time IMF staff arrives in Argentina during the administration of Cristina Fernandez. The first was back in 2011 when the now failed commitment from Argentina to improve its inflation and GDP stats with the support from the IMF and which has led to the current dispute.
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We are not really interested,
Next blogg please,
Make it a juicy one ..lol.
.
It would be nice f(or me) if it all came together about the same time.
I would can't wait for the spin machine to go into overdrive. Al the filthy thugs screeching at the same time should be fun to watch.
Obviously cfk lies. she has to find a way of spinning this so she is the victim. Can't wait.
I think this pressure is coming from the USA Treasury.
I'd bet my pension that, this is the one delegation they will deffinately be keeeping their brown shirt bully boys away from. Shame really, I would dearly love to see how the IMF would respond to harrassment and intimidation of their staff.
Then on February the 1st we'll still be discussing this, the IMF will look toothless and KFC will be harping on about how she wants extreme levels of representation in the IMF. Maximo will then eat another cream bun.
I think you are right. 17th December 2012 was the deadline wasn't it? that came and went and now we have 01st February and still the band plays on!!!!
There was talk ( on this forum, I think ) about how kicking Argentina out of the IMF would spell a whole heap of trouble for Ms Lagarde, and how they were not really sure that they wanted to do it. KFC knew this and was playing on this fact.
So.....I'm with you on this one my friend. 01st February will be the day when a whole lot of nothing goes on and, of course, Maximo will eat another cream bun.
What kind of odds have you got?
Here some advice from the late Teddy ROOSEVELT.
“Speak softly and carry a big stick, you will go far.”
That is about the only real event that will actually happen.
The rest will be all hollow verbage for a long time to come I think. They are at least calling out the Argentine Govt. for what they are doing, but the IMF won't take any solid action, they would end up looking like the bad guys.
I'm not sure why.
@15 I personally laughed for hours about that one. They also took down the La Campora site for indoctrination of children in schools, a common process in Argentina.
These La Campora tards are everywhere. They are taught a wide array of defense mechanisms to protect themselves from people that point out the obvious flaws in their spoon-fed political views.
“ Everyone at the Int'l banks is expecting Argentina to be censured,..” What is your source?
@17 But realistically, when are they going to figure that one out? 40 years time?
tn.com.ar/politica/cristina-ya-tiene-su-muneka-la-barbie-k_367648
Although maybe someone can ship me one so I can put pins in it.
great link
you must read the comments section
”The first muñek is the mourning dress, the next will muñek Hot XXX with his(her) mouth open.”
Does the doll come with a Maximo doll, with a cream bun in both hands and a weird smell of toilet?
There really isn't much love there in the comments...
”ajajajaj will really like barbies? come with 12 departments, 6 houses, 6 land, 4 local and 82 million? obvious fib (as their asset declarations)“
”anyone who buys the rag doll and some pins key! jajajajajaj not going to miss! dress sleeves are embroidered cobwebs?“
”MISSING THE DEATH SCYTHE AND IS PAINTED ...”
And 71% of respondents are outraged....
LOLs
Censure does mean that IDB/WD et al can't disburse approved loans.
That will hurt them a LOT
The loans are a huge portion of U$ they count on and there is no way for them to make it up any where else.
It all depends how bored they get of kicking that can.... and I'm pretty sure they're not bored of it yet. Await some toothless statement in Feb.
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