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Argentina and the IMF

By Simon van Woerden

The IMF decision to censure Argentina has yet again raised concern about the country’s financial future.

Last Friday, the International Monetary Fund (IMF) Board of Governors voted to censure Argentina for failing to revise its widely-disputed inflation data. Censure by the IMF is historic for a G20 member—having never occurred previously—and will likely harm Argentina's already-limited access to foreign capital. If Argentina does not provide new inflation data and implement “remedial measures” stipulated by the IMF by September 29, 2013, the country could face further sanctions, including expulsion.

But the IMF is not the only adversary that the Argentine government is currently...

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