UPDATE 2-IMF lifts censure on Argentina's official statistics agency

Source: Reuters
By: Hugh Bronstein and Maximiliano Rizzi

Nov 9 Argentina can be trusted to provide accurate inflation estimates, the International Monetary Fund said on Wednesday as it lifted its censure of the government's Indec statistics agency, which had published questionable consumer price data for years.

President Mauricio Macri won office last year on a free-markets platform that included revamping Indec, which had long been accused by private economists of publishing inflation data manipulated to make the economy look better than it was under previous President Cristina Hernandez.

"Today's IMF board decision to remove the Declaration of Censure is a testament to the extraordinary efforts made by the new Argentinean administration to strengthen the national statistics agency and produce reliable and trustworthy data," IMF chief Christine Lagarde said in a statement.

The IMF's censure had put Argentina at risk of official sanctions that could have barred it from accessing financing.


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