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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: