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Argentina dropped from IMF chief’s ‘world tour’

by on November 28, 2011

International Monetary Fund head Christine Lagarde will skip Argentina during a tour of Latin America, replacing it with Peru. This intentional move, designed to scold, is a signal that Argentina’s non-compliance of an IMF-brokered agreement will not be tolerated. Peru, replacing a G-20 nation, was meant to help open a better dialogue with its new president.

The agreement in question was brokered last July between the government and the IMF, forcing Argentina to open up its economic books and of the previously blogged INDEC. The IMF gave Argentina 180 days to comply, and agreed not to interfere during the Oct. 23rd presidential elections. So far none of the IMF’s requests have been met.

This comes on the heels of Barack Obama’s meeting with Cristina Fernandez de Kirchner at the G-20 Summit in Cannes, where he pressed the Argentine government to adhere to international norms. Argentina continues to seesaw between adhering and playing along with the rules and then not complying either when they do not agree or when it may be politically inconvenient.


From → Economic Policy

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