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The IMF advises Argentina to accelerate reforms to reduce "vulnerabilities"

The International Monetary Fund (IMF) today recommended that Argentina "accelerate the pace" of its economic reforms to reduce "vulnerabilities" and encourage "strong, sustained and equitable".

Washington, Nov 10 (EFE) .- The International Monetary Fund (IMF) today recommended that Argentina "accelerate the pace" of its economic reforms to reduce "vulnerabilities" and promote "an strong growth, sustained and equitable. "

In a statement, the delegation of the fund headed by Roberto Cardarelli who traveled to Argentina from October 31 until today made a balance of That visit.

The mission was aimed at carrying out a general review of Argentina's economy, within what is known as "Article IV", which implies the visit of economists of the IMF to collect information and exchange views with government officials, members of the private sector, members of Parliament and civil organizations.

According to Cardarelli, Since the arrival of Mauricio Macri to the Presidency of Argentina, the "systemic transformation" of the economy has resulted in "a constant recovery from the recession that began mid-2015 ".

In fact, in its latest projections, issued in October, the IMF forecast for Argentina a growth of 2.5% in 2017 and also in 2018, compared to the contraction of the 2.3% that it experienced in 2016.

Among the "vulnerabilities" in the medium term, the IMF highlights the "slower than expected" decrease in inflation and the "rapid increase in the foreign currency debt ", as well as upward pressure on the real exchange rate.

" Accelerating the pace of reforms would help reduce these vulnerabilities, "advises the agency when citing as "a good step forward" the tax reform proposed by the Argentine Government and the measures to "reduce the bureaucracy".

The director of the Department of The Western Hemisphere of the IMF, Alejandro Werner, already said this Thursday, when participating in a seminar in Buenos Aires, that the "strategy" of Argentina is "correct".

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