IMF Policy Discussion Papers

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

Author/Editor:

James M. Boughton

Publication Date:

October 10, 1994

Summary:

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.

Series:

Policy Discussion Paper No. 1994/023

Subject:

Asset and liability management Bank credit Banking Debt burden Debt relief Debt service Debt strategy External debt Financial crises