The IMF said that there will be no penalties for Indec

Washington, January 12, 2012
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The International Monetary Fund said Thursday it will not apply penalties to Argentina after the questioning conducted by INDEC (National Institute of Statistics and Censuses), especially in the index measuring inflation.

“The IMF will present a final statement, but the board meeting will not result in penalties to Argentina,” said Gerry White, director of external communications of the IMF, in a press conference.

White he said from Washington that the body’s executive board will meet in late January or early February to review Argentina progress for the preparation of a national price index.

The official also said the IMF’s intention is to deepen the dialogue with the country and assured that there are very good relations with the authorities and representatives of the agency in Buenos Aires.

On January 13 is the deadline of the request for technical assistance from the government to the body, in order to make a new national inflation rate. It is estimated that it will be ready for 2013.