03874oam 22010694 450 991015501270332120230913112557.01-4755-5271-81-4755-5274-2(CKB)3710000000973038(BIP)077143738(BIP)077138585(IMF)1ARGEA2016007(EXLCZ)99371000000097303820020129d2016 uf 0engtxtrdacontentcrdamediacrrdacarrierArgentina : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for ArgentinaWashington, D.C. :International Monetary Fund,2016.1 online resource (93 p.) IMF Staff Country Reports1-4755-5262-9 An inherited legacy of imbalances. Upon taking office in December last year, Argentina’s new government faced pervasive macroeconomic imbalances, microeconomic distortions, and a weakened institutional framework. These encompassed unsustainably high consumption levels, historically low levels of investment, and large fiscal deficits financed by money creation, which led to high inflation. Distortions at the micro level included an extensive network of administrative controls (for example, trade barriers, foreign exchange restrictions, and price controls) and a business environment that eroded competitiveness and undermined medium-term growth. There was also an important weakening of the institutional framework for economic policymaking, perhaps most evident in the loss of credibility of the national statistics agency.IMF Staff Country Reports; Country Report ;No. 2016/346Foreign ExchangeimfInflationimfMacroeconomicsimfPublic FinanceimfTaxationimfPrice LevelimfDeflationimfDebtimfDebt ManagementimfSovereign DebtimfTrade PolicyimfInternational Trade OrganizationsimfFiscal PolicyimfSocial Security and Public PensionsimfPublic finance & taxationimfPensionsimfCurrencyimfForeign exchangeimfMonetary economicsimfInternational economicsimfPublic debtimfTariffsimfPension spendingimfCurrenciesimfPricesimfTaxesimfExpenditureimfDebts, PublicimfTariffimfFiscal policyimfArgentinaimfForeign ExchangeInflationMacroeconomicsPublic FinanceTaxationPrice LevelDeflationDebtDebt ManagementSovereign DebtTrade PolicyInternational Trade OrganizationsFiscal PolicySocial Security and Public PensionsPublic finance & taxationPensionsCurrencyForeign exchangeMonetary economicsInternational economicsPublic debtTariffsPension spendingCurrenciesPricesTaxesExpenditureDebts, PublicTariffFiscal policyDcWaIMFBOOK9910155012703321Argentina737372UNINA