AGL 38.25 Increased By ▲ 0.16 (0.42%)
AIRLINK 141.49 Increased By ▲ 5.15 (3.78%)
BOP 9.02 Decreased By ▼ -0.18 (-1.96%)
CNERGY 5.61 Increased By ▲ 0.89 (18.86%)
DCL 9.14 Increased By ▲ 0.29 (3.28%)
DFML 39.67 Increased By ▲ 1.33 (3.47%)
DGKC 87.52 Increased By ▲ 2.07 (2.42%)
FCCL 37.00 Increased By ▲ 1.85 (5.26%)
FFBL 78.00 Increased By ▲ 1.79 (2.35%)
FFL 12.66 No Change ▼ 0.00 (0%)
HUBC 108.75 Increased By ▲ 0.05 (0.05%)
HUMNL 15.00 Increased By ▲ 0.27 (1.83%)
KEL 5.75 Increased By ▲ 0.17 (3.05%)
KOSM 8.21 Increased By ▲ 0.25 (3.14%)
MLCF 41.90 Increased By ▲ 1.12 (2.75%)
NBP 72.70 Increased By ▲ 1.76 (2.48%)
OGDC 200.50 Increased By ▲ 5.25 (2.69%)
PAEL 27.86 Increased By ▲ 0.90 (3.34%)
PIBTL 7.93 Increased By ▲ 0.47 (6.3%)
PPL 171.85 Increased By ▲ 3.83 (2.28%)
PRL 26.89 Increased By ▲ 0.70 (2.67%)
PTC 20.85 Increased By ▲ 0.51 (2.51%)
SEARL 97.10 Increased By ▲ 4.35 (4.69%)
TELE 8.10 Increased By ▲ 0.26 (3.32%)
TOMCL 35.60 Increased By ▲ 0.11 (0.31%)
TPLP 9.29 Increased By ▲ 0.38 (4.26%)
TREET 17.60 Increased By ▲ 0.31 (1.79%)
TRG 61.00 Increased By ▲ 1.73 (2.92%)
UNITY 31.16 Increased By ▲ 0.14 (0.45%)
WTL 1.48 Increased By ▲ 0.11 (8.03%)
BR100 11,081 Increased By 180.1 (1.65%)
BR30 33,424 Increased By 769.8 (2.36%)
KSE100 103,168 Increased By 1811 (1.79%)
KSE30 31,974 Increased By 485.5 (1.54%)

imfWASHINGTON: Directors of the International Monetary Fund will meet on February 1 to decide if and how to punish Argentina for not supplying accurate economic data, IMF chief Christine Lagarde said Thursday.

 

But she also said that the IMF currently has a team of experts inside Argentina to prepare a review of the country's financial sector, suggesting the two sides continue to work together despite the data spat.

 

"We have had a mission on the ground with a view to put in place a FSAP, a financial sector assessment program, and that was a scoping mission, a preliminary mission, where we discuss with the authorities what aspect of the financial sector we will review," Lagarde told reporters.

 

"That is separate from the issue of the accuracy of data," she said.

 

In September, Lagarde warned that Argentina could be censured with a "red card" after nearly two years of pressing Buenos Aires to abide by IMF rules and provide accurate data on economic growth and inflation.

 

In December the executive board received a formal report on Argentina's non-compliance with the Fund's data rules, but the report's recommendations have not been divulged.

 

Economists suspect Argentina has long supplied false data on its economy. In 2011, for example, Buenos Aires announced national inflation stood at 9.5 percent, but private analysts estimated it was actually more than double that figure -- at 23 percent.

 

The stand-off has worsened relations between Argentina and the IMF, already at odds over the country's financial crisis a decade ago.

 

Copyright AFP (Agence France-Presse), 2013

Comments

Comments are closed.