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Lending less than meets the eye

Headline: Lending less than meets the eyeSource: EuromoneyDate: September 2001Author: James Smalhout         Ricardo Hausmann Washington’s battles with big budget deficits may seem like a distant memory, but a familiar refrain from those days has taken on new meaning for the IMF. “Less is more” has been a powerful, if unstated, theme […]

January 1, 2000

Headline: Lending less than meets the eye
Source: Euromoney
Date: September 2001
Author: James Smalhout

       
Ricardo Hausmann
Washington’s battles with big budget deficits may seem like a distant memory, but a familiar refrain from those days has taken on new meaning for the IMF. “Less is more” has been a powerful, if unstated, theme running through many Fund-led packages, ever since the Mexican peso crisis of 1994-95.

The size of these programmes continues to astound: $58.4 billion for Korea, $36.1






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