The Argies might think they can just wail and the Falkland Islands will be handed back but that is about as unlikely as their backwards marching armies and sinking navy fearlessly attacking and retrieving theÂ Falklands…plus they can barely count:
The International Monetary Fund has censured Argentina for failing to supply accurate economic data, the first time the global crisis lender has taken such an action against a member.
The IMF Executive Board found that Argentina’s efforts to meet its demands for better GDP and inflation data have “not been sufficient. As a result, the Fund has issued a declaration of censure against Argentina.”Â
The censure decision opened the way to Argentina possibly losing its voting rights at the IMF, or even losing it membership, AFP reported.
But the Executive Board put off that decision and gave Buenos Aires another eight months to resolve the problem before it takes further action.
The Argentine government has until September 29 to meet its requirements, and IMF Managing Director Christine Lagarde will then have to report on the issue to the board by November 13.
“The Fund stands ready to continue its dialogue with the Argentine authorities to improve the quality” of the official data, the board said in a statement.