TohidA/MONA · Datasets at Hugging Face

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Nonaccumulation of arrears to bilateral and multilateral creditors.

3

Continuous

PC

N/A

3

2023-09-23

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

20.5

1.5. Debt Management

Nonissuance of quasi-monies by provincial governments that have signed bilateral agreements

1

01/31/2003

M

Met for P1R1.

3

1

2003-01-31

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

20.5

1.5. Debt Management

Nonissuance of quasi-monies by provincial governments that have signed bilateral agreements

1

03/31/2003

M

Met for P1R2. In May 2003, authorities began to redeem federal and provincial quasi-monies.

3

1

2003-03-31

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

20.5

1.5. Debt Management

Nonissuance of quasi-monies by provincial governments that have signed bilateral agreements

1

Continuous

PC

N/A

3

1

2023-09-23

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

20.9

1.9. Inter-governmental relations

Signature of 2003 bilateral agreements by governors of provinces representing at least 80 percent of the 2002 consolidated provincial deficit

1

03/14/2003

M

N/A

3

1

2003-03-14

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Revisions to banking regulations to strengthen the bank supervisory and prudential framework

1

03/14/2003

WMOD-DATE

At P1R1, waived, and new 5/15/03 test date set.

3

1

2003-03-14

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Revisions to banking regulations to strengthen the bank supervisory and prudential framework

1

05/15/2003

W

At P1R2, waiver requested as the new rules extented excessive forbearance.

3

1

2003-05-15

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Announce a transitional minimum capital adequacy ratio

2

05/15/2003

W

Revised capital adequacy regime announced on May 29.

3

2

2003-05-15

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

No statute or other legal instrument will be adopted that provides a means for any involuntary suspension of other restraint of creditors' rights

1

03/15/2003

M

Met for P1R1.

3

1

2003-03-15

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

No statute or other legal instrument will be adopted that provides a means for any involuntary suspension of other restraint of creditors' rights

1

05/31/2003

W

Met for P1R2. On May 8,2003, congress approved a bill to impose a 90-day stay on foreclosures of mortgages; the law became effective on June 2. Waiver requested.

3

1

2003-05-31

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

No statute or other legal instrument will be adopted that provides a means for any involuntary suspension of other restraint of creditors' rights

1

06/30/2003

W

Not met for P1R3, waiver requested, with authorities committed to establish a working group, with agreed terms of reference, to review certain aspects of the insolvency framework, including the recent actions taken for the media sector. By mid-August 2003, there was no further involuntary suspension of creditor rights.

3

1

2003-06-30

N/A

510

ARGENTINA

213

SBA

2003-01-24

2,003

2003-08-31

2,003

N/A

2003-07-28

P1

R3

L

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

No statute or other legal instrument will be adopted that provides a means for any involuntary suspension of other restraint of creditors' rights

1

Continuous

PC

N/A

3

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Design a compliance improvement plan and risk mitigation strategies around taxpayer segments, taxpayer obligations, and core taxes.

1

06/30/2019

SB

N/A

0

1

2019-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

20.5

1.5. Debt Management

Establish a senior-level debt management coordinating committee between Treasury-Finance-BCRA that would meet weekly and coordinate activities linked to sterilization and debt issuance plans.

1

09/30/2018

SB

N/A

0

1

2018-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Provide sufficient resources to the newly created CBO (Oficina de Presupuesto del Congreso), so that it can effectively evaluate macroeconomic and budgetary forecasts (including those contained in the annual budget and MTFF), provide independent costing to Congress of new policy initiatives, assess the government’s fiscal plans (including the annual budget), and monitoring public finances at the central level.

1

12/31/2018

SB

N/A

0

1

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget, a statement of fiscal risks and of tax expenditures, and details on the key policy measures that will be undertaken to achieve the 2019 primary balance objective. The budget will include the elimination of article 27 of Law 11,672.

1

10/31/2018

SB

N/A

0

1

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

21

2. Central Bank

Publish a regulation to introduce a foreign exchange auction for BCRA intervention in the spot and forward markets.

1

06/30/2018

SB

N/A

0

1

2018-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

21

2. Central Bank

Submit to Congress a new charter for the central bank that will ensure operational autonomy, strengthen the BCRA’s monetary policy mandate, enhance decision-making structures, and buttress transparency and accountability

2

03/31/2019

SB

N/A

0

2

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

09/30/2019

SB

N/A

0

3

2019-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-06-20

P1

R0

E

SB

21

2. Central Bank

Recapitalize the central bank to ensure it has the adequate level of capital as percent of the monetary base plus the outstanding stock of LEBACs.

4

12/31/2019

SB

N/A

0

4

2019-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

PA

20.1

1.1. Revenue measures, excluding trade policy

Submit to Congress legislation increasing the rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress targeting a zero primary balance and that includes details on the keypolicy measures that will be undertaken to archieve the 2019 primary balance objective, a statement of fiscal risks, an estimate of tax expenditures, and the elimination of article 27 of Law 11672

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Congress will pass the revenue legislation underpinning the 2019 fiscal plan, including the increase in rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

11/30/2018

SB

N/A

1

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Design a compliance improvement plan and risk mitigation strategies around taxpayer segments, taxpayer obligations, and core taxes.

1

06/30/2019

SB

N/A

1

2019-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

20.5

1.5. Debt Management

Establish a senior-level debt management coordinating committee between Treasury-Finance-BCRA that would meet weekly and coordinate activities linked to sterilization and debt issuance plans.

1

09/30/2018

MD

Implemented with one day delay

1

2018-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Provide sufficient resources to the newly created CBO (Oficina de Presupuesto del Congreso), so that it can effectively evaluate macroeconomic and budgetary forecasts (including those contained in the annual budget and MTFF), provide independent costing to Congress of new policy initiatives, assess the government’s fiscal plans (including the annual budget), and monitoring public finances at the central level.

1

12/31/2018

SB

N/A

1

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget, a statement of fiscal risks and of tax expenditures, and details on the key policy measures that will be undertaken to achieve the 2019 primary balance objective. The budget will include the elimination of article 27 of Law 11,672.

1

10/31/2018

SB

N/A

1

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a three-year budget document to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget

2

10/31/2018

MOD-SB

This SB was split into two SBs: line 11 (pass the 2019 budget) and line 12 (present a three-year budget) at the time of the 1st review.

1

2

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Congress will pass the 2019 budget targeting a zero primary balance

3

11/30/2018

SB

N/A

1

3

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

21

2. Central Bank

Publish a regulation to introduce a foreign exchange auction for BCRA intervention in the spot and forward markets.

1

06/30/2018

M

N/A

1

2018-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

21

2. Central Bank

Submit to Congress a new charter for the central bank that will ensure operational autonomy, strengthen the BCRA’s monetary policy mandate, enhance decision-making structures, and buttress transparency and accountability

2

03/31/2019

SB

N/A

1

2

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

03/31/2019

SB

N/A

1

3

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

09/30/2019

MOD-DATE

N/A

1

3

2019-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-10-26

P1

R1

BLANK

SB

21

2. Central Bank

Recapitalize the central bank to ensure it has the adequate level of capital as percent of the monetary base plus the outstanding stock of LEBACs.

4

12/31/2019

SB

N/A

1

4

2019-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

PA

20.1

1.1. Revenue measures, excluding trade policy

Submit to Congress legislation increasing the rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress targeting a zero primary balance and that includes details on the keypolicy measures that will be undertaken to archieve the 2019 primary balance objective, a statement of fiscal risks, an estimate of tax expenditures, and the elimination of article 27 of Law 11672

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a three-year budget document to Congress with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget.

2

Second Review Prior action

M

N/A

2

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Congress will pass the revenue legislation underpinning the 2019 fiscal plan, including the increase in rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

11/30/2018

MD

N/A

2

1

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Design a compliance improvement plan and risk mitigation strategies around taxpayer segments, taxpayer obligations, and core taxes.

1

06/30/2019

SB

N/A

2

1

2019-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.5

1.5. Debt Management

Establish a senior-level debt management coordinating committee between Treasury-Finance-BCRA that would meet weekly and coordinate activities linked to sterilization and debt issuance plans.

1

09/30/2018

MD

Implemented with one day delay

2

1

2018-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.5

1.5. Debt Management

Publish a debt management strategy with the goal of increasing predictability, pricing, and liquidity of treasury issuances

2

12/31/2018

SB

N/A

2

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Provide sufficient resources to the newly created CBO (Oficina de Presupuesto del Congreso), so that it can effectively evaluate macroeconomic and budgetary forecasts (including those contained in the annual budget and MTFF), provide independent costing to Congress of new policy initiatives, assess the government’s fiscal plans (including the annual budget), and monitoring public finances at the central level.

1

12/31/2018

M

N/A

2

1

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget, a statement of fiscal risks and of tax expenditures, and details on the key policy measures that will be undertaken to achieve the 2019 primary balance objective. The budget will include the elimination of article 27 of Law 11,672.

1

10/31/2018

MOD-SB

This SB was split into two SBs: line 11 (pass the 2019 budget) and line 12 (present a three-year budget) at the time of the 1st review.

2

1

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a three-year budget document to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget

2

10/31/2018

MOD-PA

Became a PA for the 2nd review. Completed on 11/21/2018

2

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Congress will pass the 2019 budget targeting a zero primary balance

3

11/30/2018

M

N/A

2

3

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

21

2. Central Bank

Publish a regulation to introduce a foreign exchange auction for BCRA intervention in the spot and forward markets.

1

06/30/2018

M

N/A

2

1

2018-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

21

2. Central Bank

Submit to Congress a new charter for the central bank that will ensure operational autonomy, strengthen the BCRA’s monetary policy mandate, enhance decision-making structures, and buttress transparency and accountability

2

03/31/2019

SB

N/A

2

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

03/31/2019

SB

N/A

2

3

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

09/30/2019

MOD-DATE

N/A

2

3

2019-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2018-12-19

P1

R2

BLANK

SB

21

2. Central Bank

Recapitalize the central bank to ensure it has the adequate level of capital as percent of the monetary base plus the outstanding stock of LEBACs.

4

12/31/2019

SB

N/A

2

4

2019-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

PA

20.1

1.1. Revenue measures, excluding trade policy

Submit to Congress legislation increasing the rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

First Review Prior action

M

N/A

3

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress targeting a zero primary balance and that includes details on the keypolicy measures that will be undertaken to archieve the 2019 primary balance objective, a statement of fiscal risks, an estimate of tax expenditures, and the elimination of article 27 of Law 11672

1

First Review Prior action

M

N/A

3

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a three-year budget document to Congress with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget.

2

Second Review Prior action

M

N/A

3

2

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Congress will pass the revenue legislation underpinning the 2019 fiscal plan, including the increase in rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

11/30/2018

MD

N/A

3

1

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Design a compliance improvement plan and risk mitigation strategies around taxpayer segments, taxpayer obligations, and core taxes.

1

06/30/2019

SB

N/A

3

1

2019-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implement an integrated auditing action plan for the Simplified Taxpayer Regime (Monotributo), covering 20 percent of taxpayers under this regime.

2

12/31/2019

SB

N/A

3

2

2019-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Establish a senior-level debt management coordinating committee between Treasury-Finance-BCRA that would meet weekly and coordinate activities linked to sterilization and debt issuance plans.

1

09/30/2018

MD

Implemented with one day delay

3

1

2018-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Publish a debt management strategy with the goal of increasing predictability, pricing, and liquidity of treasury issuances

2

12/31/2018

M

N/A

3

2

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Provide sufficient resources to the newly created CBO (Oficina de Presupuesto del Congreso), so that it can effectively evaluate macroeconomic and budgetary forecasts (including those contained in the annual budget and MTFF), provide independent costing to Congress of new policy initiatives, assess the government’s fiscal plans (including the annual budget), and monitoring public finances at the central level.

1

12/31/2018

M

N/A

3

1

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget, a statement of fiscal risks and of tax expenditures, and details on the key policy measures that will be undertaken to achieve the 2019 primary balance objective. The budget will include the elimination of article 27 of Law 11,672.

1

10/31/2018

MOD-SB

This SB was split into two SBs: line 11 (pass the 2019 budget) and line 12 (present a three-year budget) at the time of the 1st review.

3

1

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a three-year budget document to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget

2

10/31/2018

MOD-PA

Became a PA for the 2nd review. Completed on 11/21/2018

3

2

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Congress will pass the 2019 budget targeting a zero primary balance

3

11/30/2018

M

N/A

3

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

21

2. Central Bank

Publish a regulation to introduce a foreign exchange auction for BCRA intervention in the spot and forward markets.

1

06/30/2018

M

N/A

3

1

2018-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

21

2. Central Bank

Submit to Congress a new charter for the central bank that will ensure operational autonomy, strengthen the BCRA’s monetary policy mandate, enhance decision-making structures, and buttress transparency and accountability

2

03/31/2019

M

N/A

3

2

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

03/31/2019

M

N/A

3

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

09/30/2019

MOD-DATE

N/A

3

2019-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

21

2. Central Bank

Recapitalize the central bank to ensure it has the adequate level of capital as percent of the monetary base plus the outstanding stock of LEBACs.

4

12/31/2019

SB

N/A

3

4

2019-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

N/A

2019-04-05

P1

R3

BLANK

SB

21

2. Central Bank

Finalize a time-bound plan for transferring the Treasury Single Account (TSA) from Banco Nacion to the BCRA in June 2020. The plan will include all operational details of the new TSA at the BCRA, the timeline for the transfer process, and a deleveraging plan for Banco Nacion.

5

09/30/2019

SB

N/A

3

5

2019-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Submit to Congress legislation increasing the rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

First Review Prior action

M

N/A

4

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress targeting a zero primary balance and that includes details on the keypolicy measures that will be undertaken to archieve the 2019 primary balance objective, a statement of fiscal risks, an estimate of tax expenditures, and the elimination of article 27 of Law 11672

1

First Review Prior action

M

N/A

4

1

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a three-year budget document to Congress with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget.

2

Second Review Prior action

M

N/A

4

2

2023-09-23

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Congress will pass the revenue legislation underpinning the 2019 fiscal plan, including the increase in rate and base of the wealth tax (Impuesto sobre los Bienes Personales)

1

11/30/2018

MD

N/A

4

1

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.2

1.2. Revenue administration, including customs

Design a compliance improvement plan and risk mitigation strategies around taxpayer segments, taxpayer obligations, and core taxes.

1

06/30/2019

M

N/A

4

1

2019-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.2

1.2. Revenue administration, including customs

Implement an integrated auditing action plan for the Simplified Taxpayer Regime (Monotributo), covering 20 percent of taxpayers under this regime.

2

12/31/2019

SB

N/A

4

2

2019-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.5

1.5. Debt Management

Establish a senior-level debt management coordinating committee between Treasury-Finance-BCRA that would meet weekly and coordinate activities linked to sterilization and debt issuance plans.

1

09/30/2018

MD

Implemented with one day delay

4

1

2018-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.5

1.5. Debt Management

Publish a debt management strategy with the goal of increasing predictability, pricing, and liquidity of treasury issuances

2

12/31/2018

M

N/A

4

2

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Provide sufficient resources to the newly created CBO (Oficina de Presupuesto del Congreso), so that it can effectively evaluate macroeconomic and budgetary forecasts (including those contained in the annual budget and MTFF), provide independent costing to Congress of new policy initiatives, assess the government’s fiscal plans (including the annual budget), and monitoring public finances at the central level.

1

12/31/2018

M

N/A

4

1

2018-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a 2019 budget to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget, a statement of fiscal risks and of tax expenditures, and details on the key policy measures that will be undertaken to achieve the 2019 primary balance objective. The budget will include the elimination of article 27 of Law 11,672.

1

10/31/2018

MOD-SB

This SB was split into two SBs: line 11 (pass the 2019 budget) and line 12 (present a three-year budget) at the time of the 1st review.

4

1

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Present a three-year budget document to Congress, with transparent medium-term objectives for the primary balance, that are consistent with the parameters of the program. The budget would include details on realistic and prudent macroeconomic assumptions underlying the medium-term budget

2

10/31/2018

MD

Became a PA for the 2nd review. Completed on 11/21/2018

4

2

2018-10-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Congress will pass the 2019 budget targeting a zero primary balance

3

11/30/2018

M

N/A

4

3

2018-11-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

21

2. Central Bank

Publish a regulation to introduce a foreign exchange auction for BCRA intervention in the spot and forward markets.

1

06/30/2018

M

N/A

4

1

2018-06-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

21

2. Central Bank

Submit to Congress a new charter for the central bank that will ensure operational autonomy, strengthen the BCRA’s monetary policy mandate, enhance decision-making structures, and buttress transparency and accountability

2

03/31/2019

M

N/A

4

2

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

03/31/2019

M

N/A

4

3

2019-03-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

21

2. Central Bank

Limit the BCRA’s counterparties for sale of LEBACs, open market operations and repos to domestic banks.

3

09/30/2019

MOD-DATE

N/A

4

3

2019-09-30

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

21

2. Central Bank

Recapitalize the central bank to ensure it has the adequate level of capital as percent of the monetary base plus the outstanding stock of LEBACs.

4

12/31/2019

SB

N/A

4

2019-12-31

N/A

770

ARGENTINA

213

SBA

2018-06-20

2,018

2021-06-19

2,021

2020-07-24

N/A

2019-07-12

P1

R4

L

SB

21

2. Central Bank

Finalize a time-bound plan for transferring the Treasury Single Account (TSA) from Banco Nacion to the BCRA in June 2020. The plan will include all operational details of the new TSA at the BCRA, the timeline for the transfer process, and a deleveraging plan for Banco Nacion.

5

09/30/2019

SB

N/A

4

5

2019-09-30

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

PA

21.1

2.1. Central bank operations and reforms

Ease certain regulations, in consultation with Fund staff, limiting securities trading in foreign exchange

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

PA_21.10_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

PA

21.1

2.1. Central bank operations and reforms

Raise the effective annual policy rate by 365 basis points

2

Program Prior Action

M

N/A

0

2

2023-09-23

N/A

PA_21.10_2

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Avoid additional taxes on financial transactions

1

Continuous

SB

N/A

0

1

2023-09-23

R0

N/A

SB_20.10_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Avoid additional taxes on financial transactions

1

09/24/2024

SB

N/A

0

1

2024-09-24

R0

N/A

SB_20.10_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Develop, in consultation with Fund staff, a detailed and time-bound action plan focused on identifying compliance gaps and improving compliance risk management of key domestic taxes and customs duties

1

08/31/2022

SB

N/A

0

1

2022-08-31

R0

N/A

SB_20.20_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Complete, in close coordination with provincial governments, the process of updating property valuations at the federal level so that they can begin to go into effect for fiscal year 2022

2

09/30/2022

SB

N/A

0

2

2022-09-30

R0

N/A

SB_20.20_2

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.5

1.5. Debt Management

Publication of semi-annual investor relations presentation to advance the investors relation program

1

07/30/2022

SB

N/A

0

1

2022-07-30

R0

N/A

SB_20.50_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.5

1.5. Debt Management

Prepare, in consultation with Fund staff, a medium-term debt management strategy (MTDS)

2

12/31/2022

SB

N/A

0

2

2022-12-31

R0

N/A

SB_20.50_2

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Modify the current Budget Law to be in line with the 2022 primary fiscal deficit target agreed under the program

1

04/15/2022

SB

N/A

0

1

2022-04-15

R0

N/A

SB_20.80_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Prepare a proposal with an action plan by the Secretary of Treasury, in consultation with Fund staff, to enhance financial and budget reporting of the entities of the national public sector other than the National Administration according to Law 25.917, Art 3

2

06/30/2022

SB

N/A

0

2

2022-06-30

R0

N/A

SB_20.80_2

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Modify the SEPIPyPPP 1/2021 Resolution to enable an annual regulation that sets investment projects prioritization and selection criteria. Criteria will prioritize ongoing projects and, among major projects, those with pre-feasibility or feasibility studies. On this basis, a regulation will be adopted to determine prioritization and selection criteria for projects to be included in the 2023 Budget

3

06/30/2022

SB

N/A

0

3

2022-06-30

R0

N/A

SB_20.80_3

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

21.1

2.1. Central bank operations and reforms

Publish a time-bound plan to streamline the reserve requirement system and improve the transmission of monetary policy

1

06/30/2022

SB

N/A

0

1

2022-06-30

R0

N/A

SB_21.10_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Develop and publish, in consultation with Fund staff, a strategy to durably improve the BCRA financial position, drawing on recommendations from the Fund’s Safeguard Assessment

1

12/31/2022

SB

N/A

0

1

2022-12-31

R0

N/A

SB_21.20_1

N/A

826

ARGENTINA

213

EFF

2022-03-25

2,022

2024-09-24

2,024

N/A

2022-03-25

P1

R0

E

SB

23.1

4.1. Pension reforms

Conduct and publish a study outlining options and recommendations to strengthen the equity and long-term sustainability of the pension system, focused on the special pensions regime (set forth by Law 27.546), and on mechanisms to encourage voluntarily prolonging working lives

1

12/31/2022

SB

N/A

0

1

2022-12-31

R0

N/A

SB_23.10_1

N/A