Inter American bank does not trust Argentine official stats, uses private estimates

Monday, March 5th 2012 - 05:56 UTC

Full article 6 comments

Argentina must solve the controversy over the measurement of inflation which has significant economic and political costs, said Eugenio Diaz-Bonilla the Inter American Development Bank, IADB, director for Argentina and Haiti. Read full article

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GreekYoghurt
This guy looks like a bob mortimer character, from vic and bob's big night out.

I think the point here is that no one trusts argentina.
Mar 05th, 2012 - 10:56 am - Link - Report abuse 0
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DJ56
Argentinian economic statistics are about as reliable as Greek ones!
Mar 05th, 2012 - 11:46 am - Link - Report abuse 0
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GreekYoghurt
@2 I think Greek ones are quite reliable, just don't show anything good. The Argentinian ones are just totally off the top of someone's head. They are dipping into their central bank foreign currency reserves, which typically means they cannot afford anything, which is a prime indicator in itself.
Mar 05th, 2012 - 11:58 am - Link - Report abuse 0
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The Cestrian
Tell us something we dont already know.

What a shambles. Seriously, how embarrassing is that for Argentina? Shameful.
Mar 05th, 2012 - 03:25 pm - Link - Report abuse 0
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Millet
Not only does Argentina not repay its debts, now poor Argentina, is lying about its economic figures. I agree with The Cestrian, Argentina's conduct is embarrassing. Millet USA
Mar 05th, 2012 - 08:47 pm - Link - Report abuse 0
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ChrisR
But Argentina is between a rock and a hard place. IF they show clarity on the inflation numbers their bond interest goes through the roof and that alone is likely to bring the economy to a grinding halt.

By stalling the IMF, because that is clearly what is happening, they hope to bluff their way through. With how inept the IMF are this is likely to work. The result would be far better for Argentina, but not for the Paris Club.
Mar 05th, 2012 - 08:55 pm - Link - Report abuse 0
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