The IMF and the Latin American Debt Crisis: Seven Common Criticisms
October 10, 1994
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The IMF played a key role in developing and implementing the debt strategy throughout the 1980s. That strategy not only overcame the crisis but also produced successful transformationsof several major economiesin Latin America. Nonetheless, the IMF's role has also been criticized on several grounds. This study examines seven such criticisms.
Subject: Asset and liability management, Bank credit, Banking, Debt burden, Debt relief, Debt service, Debt strategy, External debt, Financial crises
Keywords: adjustment program, bank, bank debt, concerted lending, crisis, Debt burden, Debt relief, Debt service, Debt strategy, financing, Fund, fund position, IMF article, IMF articles of agreement, IMF's role, PDP
Pages:
26
Volume:
1994
DOI:
Issue:
023
Series:
Policy Discussion Paper No. 1994/023
Stock No:
PPIEA0231994
ISBN:
9781451962154
ISSN:
1564-5193
