1945
CEPAL Review No. 37, April 1989
  • E-ISSN: 16840348

Abstract

In order to make the problem of external debt compatible with that of the economic growth of Latin American countries, the adoption of a “growthoriented adjustment” strategy has been suggested. Since both the International Monetary Fund and the World Bank are called upon to play an important role in this strategy, there is a need to review and co-ordinate the conditionalities imposed by both institutions. This need is related to the fact that the current deficits in the balance of payments of the Latin American countries are structural, and therefore must be dealt with in the long term; on the other hand, it has been proven repeatedly that short-term macroeconomic adjustment affects the pattern of long-term growth.

You do not have access to article level metrics. Please click here to request access

/content/journals/16840348/1989/37/4
Loading
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error
aHR0cHM6Ly93d3cudW4taWxpYnJhcnkub3JnLw==