Weekly Report - 23 March 2004

ARGENTINA-BRAZIL: Urging the IMF to change its rules

Southern Cone 23 March 2004 Modified: 23 March 2004 277 views

Brazil's Lula da Silva and Argentina's Néstor Kirchner formally launched a joint campaign last week to `sensitise' the IMF and other multilateral lenders to the need for economic growth to be granted priority in the packages of conditions they attach to their lending. Current practice, they say, `reveals contradictions between sustainable development and its financing.'

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