IMF praises Argentina’s ‘progress’ but says growth should be better ‘distributed’
The spokesperson’s remarks come on the heels of a new technical mission the Fund recently wrapped in the country La entrada IMF praises Argentina’s ‘progress’ but says growth should be better ‘distributed’ se publicó primero en Buenos Aires Herald .
The International Monetary Fund (IMF) commended Argentina's recent economic advancements but cautioned that growth must be more evenly distributed. IMF spokesperson Julie Kozack noted the nation's progress in stabilizing its economy, despite being burdened by high debt and inflation. The Central Bank had increased its foreign reserve purchases, leading to a surplus in fiscal resources and a reduction in inflation since President Javier Milei's administration took office.
Kozack emphasized the importance of resilience for Argentina's sustainable growth and the need to ensure that economic expansion benefits a broader range of industries and workers. The country's raw material exports have seen a surge, making it the best year in recent history for terms of trade. However, other sectors, such as manufacturing and construction, are faltering, with registered wages falling and unemployment on the rise.
The IMF mission in Buenos Aires, led by Joyce Wong, discussed the third review of the loan agreement, aiming to consolidate the stabilization gains and foster broader economic growth and job creation.
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- IMF praises Argentina’s ‘progress’ but says growth should be better ‘distributed’ buenosairesherald.com
