BUENOS AIRES, Apr 5. (Reuters) - A technical mission from the International Monetary Fund (IMF) arrived Monday in Argentina to advise the Government of Cristina Fernandez de Kirchner in the development of a new consumer price index, but is not expected to replace indicator Current statistics discredited.
The organization's mission will remain in Argentina for a week, a spokesman said the IMF. The mission is expected to close the visit with the presentation of a confidential report to the Argentine authorities with their recommendations. "We hope to be successful and this may serve to further progress," he told reporters Argentine Minister of Economy, Amado Boudou.
But the minister, when asked whether Argentina will accept the IMF's advice to make changes to the current IPC, said "no recommendations. We have called to work together to design the index. Let's see when." The agenda includes meetings with technical teams to analyze possible methodologies for the new consumer price index that is in development stage, says the National Institute of Statistics and Censuses (INDEC) in a statement.
The CPI data have been strongly questioned since January 2007, when the Argentine government moved to key areas of price measurement, allegedly for political gains and reduce payments for public debt bonds that fit for inflation. No changes are foreseen in the CPI or the country's economic policy before the October presidential elections, which are expected to Fernández de Kirchner is a candidate for a second term.
The IMF mission said that the technique will work in Buenos Aires and other parts of the country during his visit. In this regard, the INDEC reported that the committee will go through the provinces of Mendoza, Santa Fe, Cordoba and Jujuy. Be observed in every place the system of price index measurement.
The state agency INDEC reported annual inflation of 10 percent in February, while private economists estimate it at around 25 percent. The IMF has come under harsh criticism from the Argentine government, which blames his recipes for the crisis which the country in 2001-2002, when the economy collapsed and was declared the largest sovereign debt default in history per 100,000 million (70.378 million euros).
Argentina has refused since 2006 to the IMF to audit its economy, as the body does with its 186 member countries under Article IV. "These missions respond only to technical advice and are not framed in the so-called Article IV of the IMF review," said the statement Indec. 
The organization's mission will remain in Argentina for a week, a spokesman said the IMF. The mission is expected to close the visit with the presentation of a confidential report to the Argentine authorities with their recommendations. "We hope to be successful and this may serve to further progress," he told reporters Argentine Minister of Economy, Amado Boudou.
But the minister, when asked whether Argentina will accept the IMF's advice to make changes to the current IPC, said "no recommendations. We have called to work together to design the index. Let's see when." The agenda includes meetings with technical teams to analyze possible methodologies for the new consumer price index that is in development stage, says the National Institute of Statistics and Censuses (INDEC) in a statement.
The CPI data have been strongly questioned since January 2007, when the Argentine government moved to key areas of price measurement, allegedly for political gains and reduce payments for public debt bonds that fit for inflation. No changes are foreseen in the CPI or the country's economic policy before the October presidential elections, which are expected to Fernández de Kirchner is a candidate for a second term.
The IMF mission said that the technique will work in Buenos Aires and other parts of the country during his visit. In this regard, the INDEC reported that the committee will go through the provinces of Mendoza, Santa Fe, Cordoba and Jujuy. Be observed in every place the system of price index measurement.
The state agency INDEC reported annual inflation of 10 percent in February, while private economists estimate it at around 25 percent. The IMF has come under harsh criticism from the Argentine government, which blames his recipes for the crisis which the country in 2001-2002, when the economy collapsed and was declared the largest sovereign debt default in history per 100,000 million (70.378 million euros).
Argentina has refused since 2006 to the IMF to audit its economy, as the body does with its 186 member countries under Article IV. "These missions respond only to technical advice and are not framed in the so-called Article IV of the IMF review," said the statement Indec.
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