The history of finance and debt in Latin America

Hartford Web Publishing is not the author of the documents in World History Archives and does not presume to validate their accuracy or authenticity nor to release their copyright.

Latin American Debt Stats
AFP, 27 January 1998. The amount of foreign debt of a combined group of 23 Latin American and Caribbean countries grew by 50% in the period 1991-1997. The foreign debt, by region and selected countires in $US millions.
Asian crisis hits Latin America
NAFTA & Inter-American Trade Monitor, 20 February 1998. The Asian financial crisis has driven down the prices of commodities that Latin America exports while improvement in some sectors of national economies has increased consumer demand for exports. Asian exports are taking U.S. market share from Latin American exporters.
Latin American Nations Scramble to Contain Effects of Global Economic Crisis
By Carlos Navarro and Robert Sandels, Latin America Data Base, NotiSur, 4 September 1998. Global fiscal crisis could discourage investors from putting money into Latin America. The IMF calls Latin America's finance ministers to Washington to strategize. Some analysts question neoliberal model in the region's troubles.
Latin American Economies Back from the Brink?
Weekly News Update on the Americas, 13 September 1998. On Sept. 10 Latin American markets suffered their third consecutive Black Thursday. Brazilian president Cardoso's gamble to drastically raise interest rates seems to have paid off. Also, the IMF said it would strengthen support if necessary.
Abandon IMF Prescriptions, UNCTAD Recommends
By Diego Cevallos, IPS, 16 September 1998. Latin America is trapped in a systemic crisis of international finances and there is little hope for the region to overcome its troubles with the prescriptions currently being followed, says the UN Conference on Trade and Development (UNCTAD).