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Economics
Argentina Is First Nation Censured by IMF for Economic Data
Sandrine Rastello and Ian Katz
February 2, 2013, 8:43 AM PST
Argentina became the first country to be censured by the International Monetary Fund for not providing accurate data on inflation and economic growth under a procedure that can end in expulsion.
The declaration of censure was adopted yesterday by the IMF’s 24-member board, 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 from access to IMF loans.
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