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Latin American Economy & Business - June 2019

HONDURAS: The IMF is still a bogeyman in Latin America

The role of the International Monetary Fund (IMF) has been a key focus of the latest violent protests against the Honduran government led by President Juan Orlando Hernández, with claims that the IMF is demanding cuts to education and health budgets and pushing forward with a privatisation agenda. In Ecuador, Honduras and Argentina, anti-government protests this year have all strongly denounced the IMF, underlining the continued depth of feeling against the Washington-based multilateral lender, almost 40 years of the ‘lost decade’ of the 1980s, when IMF adjustment programs were adopted all across Latin America – to very mixed results.

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