The International Monetary Fund said its executive board is unlikely to consider until late January any possible action against Argentina for failing to supply accurate economic data. IMF Managing Director Christine Lagarde delivered a report to the board earlier on Argentina's progress in addressing questions about the official data. Contents of the report, intended to discuss negotiations with Argentina since July 2011 for Buenos Aires to provide accurate data on inflation and gross domestic product to the fund, were not immediately available. "I expect this report will be given due consideration by the Board sometime in late January," IMF spokesman Gerry Rice said. In September, Lagarde warned that Argentina could be censured with a "red card" over the issue, after nearly two years of pressing the country to abide by IMF rules for providing accurate economic data. Argentine President Cristina Kirchner subsequently hit back, saying her nation would not be subjected to threats of any kind. Economists suspect Argentina has long supplied false data on its economy. In 2011, for example, Buenos Aires announced national inflation stood at 9.5 percent, but private analysts estimated it was actually more than double that figure -- at 23 percent. The stand-off has poisoned relations between Argentina and the IMF, already at odds over the country's financial crisis a decade ago.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor