A senior IMF official has confirmed that IMF and Argentina are progressing with the talks to send an IMF technical mission for improving the quality of the Government’s economic data.

Though the mission will be taken over on a small platform, but would definitely prove useful in developing friendly ties between the two. The year 2001, soared relationship between IMG and Argentina, as it involved the debt default worth $100 billion and ultimately which led to currency crisis.

Argentina has halted any kind of review from IMF because of the fiscal conditions attached to the loan programs being offered by them. But this move does not prohibit IMF from not monitoring the global economy. It does conduct ordinary Article IV consultations with every member country.

Argentine aims to get back to the global credit markets to benefit its restructuring of the debt and positive review will definitely be of help to them.

Nicolas Eyzaguirre, the IMF's Western Hemisphere Director said, "We have been talking about the possibility (of) a technical assistance mission, predominantly because INDEC has the intention to widen the coverage of CPI”.