Latin America

Latin America: Return to the IMF or reinforce alternatives?
Maria Jose Romero, Bretton Woods Project, 17 April 2009
Many people still doubt the real magnitude of the reforms to be implemented at the IFIs. According to Argentinian economist, Benjamín Hopenhayn, a reform of the IMF's thinking is not credible, since it needs to "change its ideology and that of the 3,000 economists that are part of the IMF." On the other hand, economist Anwar Shaik, professor at the New School for Social Research, of New York, has said that "global coordination would be a good idea but the question is what interests it will respond to. I do not trust the IMF or the World Bank to tell us what is right. Their track-record is awful. If coordination goes along these lines, I'd rather not have it." (more)