The IMF and the World Bank praised Argentina but warned about the poverty – The Reporter

The national Government yesterday received accolades in Washington, both from the International Monetary Fund as well as from the World Bank.
One of the first to do so was the managing director of the Fund, Christine Lagarde, who said that “the cooperation is now vastly different, and will offer rewards mutual”, commenting on the mission of the international agency that was until recently, during days in Argentina.
“I Just see the team, the mission that has just returned from Argentina. Had a positive and constructive relationship with the authorities, reported on their results, and this is something that was received positively,” added the head of the IMF in a statement to the EFE news agency.
“We are advancing in the topic of statistics, so that the data can be done with more solidity and they are perfectly reliable”, he added.
At the meeting held yesterday morning the minister of Finance, and Finance, Alfonso Prat-Gay with Lagarde, the head of the portfolio in argentina announced that the country will disclose publicly the information referred to in the report that the entity will be announced in November with the results of the technical mission that recently visited the country.
The meeting between the two officials, which lasted about 20 minutes, was “on terms very favourable,” said a source from the IMF to journalists from argentina.
The same source said that the agenda of issues addressed in the bilateral relationship focused on the transparency of the statistics, the data of growth and inflation in Argentina –that were corrected after the modifications that the new management took place in the Institute of Statistics and Censuses, Indec– in the report drawn up by the mission on Article IV, and in the preparations for the Argentina can successfully develop the next presidency of the G20 in 2018″.
For his part, the president of the World Bank, Jim Yong Kim, highlighted the policies implemented by the Government of Mauricio Macri, considering that “re-embrace global markets have been incredibly important.”
while he stressed the proceed of the new administration, the owner of the entity clarified that Argentina also has to work “in terms of increasing productivity”.
The dialogue with journalists at the start of the Annual meeting of the IMF and the World Bank in Washington, Jim Yong Kim referred to the figures of the Indec, which indicated that during the second quarter of the year, 32.2% of the individuals were poor, while 6.3% were indigent. He warned that the data are “surprising”, while he warned, who also “are of concern”.
despite this, the owner of the World Bank assured the journalists that the agency has a positive view with regard to the future of Argentina.
The chief economist for Latin America and the Caribbean of the World Bank, Augusto de la Torre, recommended Wednesday to put in place a fiscal adjustment in the country, while evaluated that should be “the great rotation trade of export goods, in the areas of technology and innovation”.
The agency also estimated a recovery of 3% of GDP in Argentina to 2017, although he said that this year, registering a decline of 1.5%. The data were published in the regional report on Latin America and the Caribbean and presented a scenario with a stronger decline in respect of the numbers disseminated in June last, when it had estimated a decline of 0.5%.