MercoPress, en Español

Montevideo, November 15th 2018 - 03:00 UTC

IMF rebuilding relations with Argentina

Tuesday, September 20th 2016 - 11:03 UTC
Full article 6 comments
“We're working to rebuild relations with Argentina; there's great expectation and we are very pleased to be here. We will be filing a report”, said Cardarelli. “We're working to rebuild relations with Argentina; there's great expectation and we are very pleased to be here. We will be filing a report”, said Cardarelli.
IMF and then president Nestor Kirchner clashed back in 2006 over Argentin´s Indec tinkering with stats IMF and then president Nestor Kirchner clashed back in 2006 over Argentin´s Indec tinkering with stats

An IMF mission started on Monday a round of meetings with the purpose of rebuilding relations with Argentina, frozen for over a decade. The mission headed by economist Roberto Cardarelli began early Monday visiting the Argentine Industrial Union, UIA, the country's manufacturers main lobby.

 “We're working to rebuild relations with Argentina; there's great expectation and we are very pleased to be here. We will be filing a report at the end of our visit” said Cardarelli.

At the UIA the IMF mission was met by the vice president of the organization, Daniel Funes de Rioja next to chief economist Diego Coats and the head of the foreign trade department, Alfredo Chiaradía.

The auditing of Argentina´s national accounts and GDP estimates are done under IMF´s Article IV, a review that has not been accomplished for ten years since ex president Nestor Kirchner openly disagreed with the multilateral organization. During the twelve days in Argentina the mission is scheduled to meet Central bank president Federico Sturzenegger; Finance minister Alfonso Prat Gay and cabinet chief Marcos Peña, among other government officials plus representatives from the private sector.

Back in 2006 the IMF disagreed with president Kirchner who decided to reimburse all of IMF´s debts and finish all relations. The discrepancy was based on the Argentine government´s tinkering with inflation and GDP stats.

Top Comments

Disclaimer & comment rules
  • Briton

    It seems like most of the world is running to help and invest in Argentina.

    perhaps they know something the ordinary argies don't ,

    or they have more money than sense.

    Sep 20th, 2016 - 01:04 pm 0
  • Marti Llazo

    @1 “It seems like most of the world is running to help and invest in Argentina.”

    It doesn't seem that way here. Only empty promises. Can you blame serious investors from staying away in droves?

    Perhaps it seems that the IMF is willing to deal with a lower level of outright lying from Argentina in its economic stats.

    Article: “Foreign investors still cautious”

    http://buenosairesherald.com/article/221683/foreign-investors-still-cautious

    ... which was mostly based on this article at Reuters:

    http://buenosairesherald.com/article/221683/foreign-investors-still-cautious

    “.....investors, remembering Argentina's long history of instability, are waiting for signs that Macri's policies are here to stay.”

    Remember that the stink of fratricidal peronismo here is never far away.

    Sep 20th, 2016 - 02:12 pm 0
  • Briton

    You may be right, but someone is getting the money.
    what the people should be benefitting by.

    Sep 20th, 2016 - 06:39 pm 0
Read all comments

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!