Health Supreme Update: Argentina Defies Monetary Fund - Gives Economic Lesson to

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30 Dec 2004 15:19:24 -0000

 

Health Supreme Update: Argentina Defies Monetary Fund - Gives

Economic Lesson to Big Finance

sepp

 

 

Health Supreme Update: Argentina Defies Monetary Fund - Gives Economic

Lesson to Big Finance

 

December 30, 2004

 

 

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Three years after the collapse of Argentina's economy under IMF

and World Bank recipes for development, the South American

country's budding recovery is stunning international observers.

Defying the IMF's prescriptions, president Kirchner and his

economic advisers have told creditors to get in line and wait,

while building the economy from the bottom up. An excellent

article in the New York Times relates the story. The looting of

Argentina by international finance and the subsequent

disintegration of its economy in December 2001 is but one

example of what has been official policy of the International

Monetary Fund and the World Bank for decades: Indebt developing

nations by granting humongous loans for...

 

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http://www.newmediaexplorer.org/sepp/2004/12/30/argentina_defies_monetary_fund_g\

ives_economic_lesson_to_big_finance.htm

 

 

 

 

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