In a document of more than 500 pages, the IMF warned Argentina: “Internal vulnerabilities and uncertainty surrounding policies, coupled with a deteriorating external environment, are aggravating prospects “. And in this sense, the international organization led by Kristalina Georgieva has stated that the country must adopt adjustment measures to stabilize the economy and contain inflation.
“The adoption of more restrictive policies under the IMF-backed program will be essential to sustain stability and contain inflation which is now expected to rise to 95% by the end of 2022,” the document details. He adds: “Real GDP growth is expected to moderate to 4% this year, but downside risks dominate this outlook.
The paragraph dedicated to Argentina is part of an extensive report, divided into several documents, and drawn up by the Western Hemisphere Department of the IMF headed by Ilan Goldfajn. The mention of the country appears in the Economic Outlook for the Americas report, in a section that analyzes the “five major economies of Latin America and others of South America”.
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Source: Clarin
