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IMF Censures Argentina for Not Sharing Accurate Economy Data

Feb. 1 (Bloomberg) -- The International Monetary Fund said it censured Argentina for not providing accurate data on inflation and economic growth under a procedure that can end in expulsion.

The declaration of censure was adopted today by the IMF’s board of 24 directors, the Washington-based fund said in a statement. While it doesn’t have immediate effects, the decision takes the country a step closer to sanctions that include being barred access to IMF loans.

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To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net

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