The IMF and the Latin American Debt Crisis: Seven Common Criticisms

James Boughton

No 1994/023, IMF Policy Discussion Papers from International Monetary Fund

Abstract: 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.

Keywords: PDP; Fund; crisis; bank; bank debt; financing; adjustment program; IMF article; IMF's role; concerted lending; IMF articles of agreement; fund position; Debt relief; Debt service; Debt strategy; Debt burden (search for similar items in EconPapers)
Pages: 26
Date: 1994-10-10
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