04 October 2009

IMF Says Argentina Withholding Information Is "Odd."

BLOOMBERG/
Argentina’s decision to withhold information from members of the IMF about its economic policies is “somewhat odd,” the IMF’s Director for the Western Hemisphere Nicolas Eyzaguirre said.
Eyzaguirre, at a press conference in Istanbul, said that Argentina had a “duty” as a member of the IMF and Group of 20 to share information with other members of those groups.
Economists and politicians have questioned the accuracy of Argentina’s statistics since January 2007, when then-President Nestor Kirchner began changing personnel at the statistics institute in a bid to “improve operations.” Critics say the institute, known as Indec, underestimates inflation and overestimates growth and production.