Suchergebnisse

Cover -- CONTENTS -- STABILIZING THE ECONOMY -- OUTLOOK AND RISKS -- PROGRAM IMPLEMENTATION -- ENTRENCHING FISCAL DISCIPLINE -- BRINGING DOWN INFLATION -- IMPROVING TREASURY DEBT MANAGEMENT -- IMPROVING GOVERNANCE AND FIGHTING CORRUPTION -- PROGRAM ISSUES -- EXCEPTIONAL ACCESS CRITERIA -- STAFF APPRAISAL -- BOX -- 1. Improving Governance in Argentina -- FIGURES -- 1. Recent Market Developments -- 2. FX and Monetary Developments -- 3. External Debt Sustainability: Bound Tests -- TABLES -- 1. Selected Economic and Financial Indicators -- 2. Summary Balance of Payments -- 3. Consolidated Public Sector Operations -- 4. Federal Government Operations -- 5a. Summary Operations of the Central Bank -- 5b. Summary Operations of the Banking Sector -- 5c. Summary Operations of the Central Bank (Monthly 2018) -- 5d. Summary Operations of the Central Bank (Monthly 2019) -- 6. External Debt -- 7. Public Debt -- 8. Federal Government Gross Financing Needs and Sources (USmn) -- 9. External Gross Financing Needs and Sources (USmn) -- 10. Schedule of Reviews and Purchases -- 11. Quantitative Performance Criteria and Indicative Targets -- 12. Structural Program Conditionality -- 13. Indicators of Fund Credit, 2018-26 -- 14. External Debt Sustainability Framework, 2013-23 -- ANNEX -- I. Public Debt Sustainability Analysis -- APPENDIX -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding

Cover -- Contents -- Acronyms -- Executive Summary -- I. Introduction -- II. Progress, Pending Issues, and Recommendations Concerning the Compilation of ESS -- A. Current Account and Capital Account -- B. Financial Account and IIP -- III. Dissemination of ESS and Other Aspects of ESS Preparation in Argentina -- Appendices -- I. Action Plan from the November 2016 Mission with Implementation Status -- II. Participants in Mission Meetings -- III. Summary of Current and Capital Accounts under MBP5 and MBP6 Methodologies -- IV. Agreement Between the BCRA and the INDEC on the Exchange of Information and Release of Debt and DI Survey Data -- V. Quarterly Direct Investment Transactions and Holdings Reporting Form -- VI. Form for Use in Reporting Information on Reserve Transactions -- VII. International Investment Position for 2006-2016 Using the BPM6 Methodology

Cover -- CONTENTS -- ECONOMIC AND POLITICAL CONTEXT -- MARKET VOLATILITY -- A MORE ACCELERATED FISCAL PATH -- PROTECTIONS FOR THE MOST VULNERABLE -- SUPPORTING GENDER EQUITY -- MONETARY FRAMEWORK UNDERPINNING THE PROGRAM -- THE BANKING SYSTEM -- MACROECONOMIC FRAMEWORK AND RISKS -- AN ADVERSE SCENARIO -- PROGRAM MODALITIES -- EXCEPTIONAL ACCESS CRITERIA -- STAFF APPRAISAL -- BOX -- 1. Argentina and Selected FCL/PLL Countries: Comparing Adverse Scenarios -- TABLES -- 1. Priority Social Protection Programs -- 2. Macroeconomic Outlook: Baseline and Adverse Scenarios -- 3. Selected Economic and Financial Indicators -- 4. Summary Balance of Payments, 2014-23 -- 5. Consolidated Public Sector Operations, 2011-23 -- 6. Federal Government Operations, 2015-23 -- 7. Summary Operations of the Financial System, 2015-23 -- 8. External Debt, 2011-23 -- 9. Public Debt, 2011-23 -- 10. Federal Government Gross Financing Needs and Sources -- 11. External Gross Financing Needs and Sources -- 12. Evolution of the BCRA's Balance Sheet -- 13. Schedule of Reviews and Purchases -- 14. Quantitative Performance Criteria, Indicative Targets, and Consultation Clauses -- 15. Structural Program Conditionality -- 16. Indicators of Fund Credit, 2018-26-Baseline Scenario -- 17. Indicators of Fund Credit, 2018-26-Adverse Scenario -- 18. External Debt Sustainability Framework, 2013-23 -- ANNEX -- I. Public Debt Sustainability Analysis -- APPENDIX -- I. Letter of Intent -- I. Attachment I: Memorandum of Economic and Financial Policies -- II. Attachment II: Technical Memorandum of Understanding -- CONTENTS -- INTRODUCTION -- BACKGROUND -- THE NEW STAND-BY ARRANGEMENT-RISKS AND IMPACT ON FUND'S FINANCES -- A. Risks to the Fund -- B. Impact on the Fund's Liquidity Position and Risk Exposure -- ASSESSMENT -- FIGURES -- 1. Debt Ratios for Recent Exceptional Access Arrangements.

Argentina does not have a general class action statute, but a 1994 constitutional reform allowed actions that defend collective interests and other third generation rights (e.g., the right to a healthy environment), granting standing to associations and to the Ombudsman. The Supreme Court restricted these actions to the protection of truly collective interests, thus rejecting them when they were brought to defend multiple homogeneous interests (e.g., small damages for many consumers). A recent amendment of the Consumer Protection Law allows the Ombudsman, as well as associations, to sue for damages caused to consumers and grants erga omnes effect to the judgment. Similar rules are included in federal and provincial laws that protect the environment. [Reprinted by permission of Sage Publications Inc., copyright The American Academy of Political and Social Science.]

Cover -- CONTENTS -- RECENT DEVELOPMENTS -- POLICIES -- A. Monetary Policy -- B. Exchange Rate Policy -- C. Fiscal Policy -- D. Safeguards -- STAFF APPRAISAL -- FIGURES -- 1. Recent Market Developments -- 2. Real and External Sector -- 3. FX and Monetary Developments -- TABLES -- 1. Selected Economic and Financial Indicators.

Cover -- CONTENTS -- DEVELOPMENTS -- POLICY CHANGES -- A. Fiscal Policy -- B. Monetary Policy -- C. Exchange Rate Policy -- D. Debt Management -- IMPACT ON THE MACROECONOMIC OUTLOOK -- IMPLICATIONS FOR THE STAND-BY ARRANGEMENT -- EXCEPTIONAL ACCESS CRITERIA -- STAFF APPRAISAL -- BOX -- 1. Monetary Aggregate Targeting During Stabilization Episodes -- FIGURES -- 1. Recent Market Developments -- 2. Real and External Sector -- 3. FX and Monetary Developments -- TABLES -- 1. Selected Economic and Financial Indicators -- 2. Summary Balance of Payments -- 3. Consolidated Public Sector Operations -- 4. Federal Government Operations -- 5a. Summary Operations of the Central Bank -- 5b. Summary Operations of the Banking Sector -- 5c. Summary Operations of the Central Bank (Monthly) -- 6. External Debt -- 7. Public Debt -- 8. Federal Government-Gross Financing Needs and Sources (USmn) -- 9. External-Gross Financing Needs and Sources (USmn) -- 10. Schedule of Reviews and Purchases -- 11a. Quantitative Performance Criteria, Indicative Targets, and Consultation Clauses - Outturns -- 11b. Quantitative Performance Criteria and Indicative Targets -- 12. Structural Program Conditionality -- 13. Indicators of Fund Credit, 2018-26 -- 14. External Debt Sustainability Framework, 2013-23 -- 15. External Debt Sustainability: Bound Tests -- ANNEX -- I. Public Debt Sustainability Analysis -- APPENDIX -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding -- CONTENTS -- INTRODUCTION -- AUGMENTATION AND REPHASING OF THE STAND-BY ARRANGEMENT-RECENT DEVELOPMENTS, AND IMPACT ON FUND'S FINANCES -- A. Recent Developments -- B. Risks to the Fund -- C. Impact on the Fund's Liquidity Position and Risk Exposure -- ASSESSMENT -- FIGURES -- 1. Debt Ratios for Recent Exceptional Access Arrangements.