Lender, guarantor and debtor: The IMF in Latin America and the Caribbean in the decade after the financial crisis
DOI:
https://doi.org/10.5216/sec.v23i.59835Abstract
After a brilliant retreat, during the emergence of the global financial crisis, the G20 placed the IMF again as a relevant international financial institution. Although a large part of its credit to Europe, the Fund also had an active presence in Latin America and in the Caribbean. Based on a qualitative and quantitative methodology, this paper analyzes, from a political economy perspective, the evolution and characteristics of the financial bond between the IMF and the region during the decade that followed the financial crisis. It is proposed that
due to the changes in its credit policy and the different needs of the countries of the region, the IMF played three different roles after the crisis: creditor, guarantor and, unprecedentedly, debtor.
Downloads
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish in this journal agree to the following terms:
- Authors retain the copyright and grant the journal the right of first publication, the work being simultaneously licensed under the Creative Commons Attribution License, which allows the sharing of the work with acknowledgment of authorship and of the initial publication in this journal;
- Authors are authorized to enter into additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (eg, publishing in an institutional repository or as a book chapter), with acknowledgment of authorship and of the initial publication in this journal;
- Authors are allowed and encouraged to post and distribute their work online (eg, in institutional repositories or on their personal page) at any point before or during the editorial process, as this can bring productive change as well as increases the impact and the citation of the published work (see O Efeito do Acesso Livre).