Economic and Financial Issues facing Argentina

NEWS BRIEF - Report to the Government of Argentina and the International Monetary Fund by a Panel of Independent Advisers*, 29 July.

1. Argentina faces a highly complex set of challenges in the economic and financial sphere. Output and employment are depressed, the normal functioning of the banking system has been disrupted, the Government is unable to service its debts, and substitute quasi-currencies are circulating throughout the economy. The crisis has given rise to substantial financial l