IMF to Put Argentina on Path to Censure Over Inflation Data
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Argentina is on track to be the first country ever censured by the International Monetary Fund for not sharing accurate data about inflation and the economy.
The IMF’s board of directors, meeting yesterday in Washington, gave the country until Dec. 17 to respond to concerns about the quality of its official data, it said today in an e-mailed statement. If the deadline is missed, the board can issue a declaration of censure, a warning that has never been used and which means sanctions may be applied if the concerns aren’t addressed.