Lender, guarantor and debtor: The IMF in Latin America and the Caribbean in the decade after the financial crisis

Authors

DOI:

https://doi.org/10.5216/sec.v23i.59835

Abstract

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.

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Author Biographies

Pablo Nemiña, Consejo Nacional de Investigaciones Científicas y Técnicas, Buenos Aires, Argentina

Sociólogo. Investigador en Economía Política Internacional y Sociología Económica en Conicet, Buenos Aires, Argentina.

 

 

 

 

Juan Larralde, Banco Central de la Republica Argentina: Buenos Aires, Buenos Aires, Argentina

 Magíster en Relaciones Económicas Internacionales, Universidad de Buenos Aires, Argentina. Analista de Relaciones y Acuerdos Internacionales del Banco Central de la República Argentina, Buenos Aires, Argentina.

Published

2020-05-19

How to Cite

NEMIÑA, P.; LARRALDE, J. Lender, guarantor and debtor: The IMF in Latin America and the Caribbean in the decade after the financial crisis. Sociedade e Cultura, Goiânia, v. 23, 2020. DOI: 10.5216/sec.v23i.59835. Disponível em: https://revistas.ufg.br/fcs/article/view/59835. Acesso em: 10 jan. 2025.

Issue

Section

Dossiê: Os poderes emergentes e a ordem mundial contemporânea