Latin America, the Debt Crisis, and the International Monetary Fund

  title={Latin America, the Debt Crisis, and the International Monetary Fund},
  author={Manuel Pastor},
  journal={Latin American Perspectives},
  pages={110 - 79}
  • M. Pastor
  • Published 1 January 1989
  • Political Science, Economics
  • Latin American Perspectives
Since 1982, the International Monetary Fund (IMF, or Fund) has played a major role in managing the international and intranational conflicts caused by the nearly half trillion dollars of Latin American debt. Throughout the decade, Fund missions have shuttled from country to country, recommending austerity programs that open the door to debt rescheduling. Under IMF direction, debt service has generally been maintained and a depression-scale financial calamity has been avoided. At the same time… 

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