Como era de esperar el Directorio del Fondo aprobó la revisión del programa de Argentina, aunque dejó en claro que Massa incumplió todas las metas. El FMI aplaude el esfuerzo fiscal que promete el...
Politics Complicate an Already Complex Economic Situation
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Politics Complicate an Already Complex Economic Situation
Mayo 2022
The IMF program triggered a conflict within the government coalition between the populist and more “orthodox” sectors. The key differences are the importance that each of then attach to the targets set in the IMF program. Targets require tighter monetary and fiscal policy, and the difference in the approach to deal with inflation, where the most radicalized sectors put the priority on price controls and on limiting the increases in utility rates while others put more emphasis on the fiscal imbalance, on reducing energy subsidies and on a more prudent monetary policy.