THE WORLD BANK LENDING AND NON-LENDING TO LATIN AMERICA: THE CASE OF ARGENTINA, 1971-1976

Claudia Kedar

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2019, vol. 37, issue 1, 111-138

Abstract: Through the analysis of Argentina-World Bank (WB) relations between 1971 and 1976, this article examines how democracies and dictatorships, as well as political and economic constraints did (or did not) impact WB lending to Latin America. This period is especially revealing. Between May 1971 and September 1976, the WB did not grant any new loans to Argentina, thereby generating an exceptional and unusually long break in WB lending to the country. Drawing on previously undisclosed files from the WB Archives and additional primary sources from Argentina and the United States, this article unveils the actual mechanisms, criteria and justification that stood behind the decision to lend or not to lend to Argentina. It maintains that the WB’s self-imposed principle of «neutrality» played a crucial role in facilitating the WB’s relations with Argentina during the politically and economically unstable early 1970s.

Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:37:y:2019:i:01:p:111-138_00

Access Statistics for this article

More articles in Revista de Historia Económica / Journal of Iberian and Latin American Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().