IMF’s Lagarde Eyes Latin America Help in ’Historic’ Reverse |
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28th November 2011
Nov. 28 (Bloomberg) -- International Monetary Fund chief Christine Lagarde will seek support from Latin America’s largest economies this week to help contain Europe’s mounting debt crisis. The visit that kicks off in Peru today, her first to Latin America since taking office in July, marks a role reversal for a region that harbors deep-seated resentment over decades of IMF- imposed austerity measures, said Roberto Abdenur, a former Brazilian ambassador to the U.S.
Nov. 28 (Bloomberg) -- International Monetary Fund chief Christine Lagarde will seek support from Latin America’s largest economies this week to help contain Europe’s mounting debt crisis.
The visit that kicks off in Peru today, her first to Latin America since taking office in July, marks a role reversal for a region that harbors deep-seated resentment over decades of IMF- imposed austerity measures, said Roberto Abdenur, a former Brazilian ambassador to the U.S.
“Previously local authorities trembled when even the most junior IMF official visited,” Abdenur said in a telephone interview. “Today, the chief is coming to seek aid. It’s an historic about-turn.”
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