Comment: Latin America spurns the Fund

Last week Brazil and Argentina surprised the international community by announcing that they both intend paying off all of their outstanding debt to the IMF before the end of the year.

COMMENT BY CENTRALBANKNET

The Fund has officially welcomed the moves, but sceptics argue that these actions are driven by a desire to reduce the IMF's influence over domestic policy-making.

On 13 September Brazil announced that it plans to pay off its entire $15.5 billion in debt to the IMF by the end of 2005. It

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: