From Buenos Aires Times · Manuela Tobias & Jorgelina do Rosario, Bloomberg · · 1m 20s
Trump Allies Deepen Ties with Washington Lenders
Latin America's right-wing leaders now seek IMF and World Bank funding as Trump-aligned governments push market-friendly policies.
In brief
Latin America's right-wing leaders now seek IMF and World Bank funding as Trump-aligned governments push market-friendly policies. Trump-aligned Latin American leaders are securing IMF and World Bank loans to fund austerity measures. Originally reported by Buenos Aires Times.
Latin America's Rightward Shift
Latin America's rightward, market-friendly shift is reshaping its relationship with Donald Trump's Washington, including new flows of money from multilateral lenders.
IMF-World Bank Meetings in Bangkok
Officials from the IMF and World Bank embraced policies pursued by new Trump-aligned governments at recent annual meetings in Bangkok.
Nigel Chalk on Policy Shift
IMF Western Hemisphere Director Nigel Chalk said the fund sees a shift toward more socially conscious, fiscally responsible, market-oriented policies in Latin America.
IMF's Americas Programmes
The IMF has 10 active programmes in the Americas, including Chile, Bolivia, Colombia, and Argentina, all recently elected Trump-backed presidents.
World Bank's Role in Reform
World Bank chief Susana Cordeiro Guerra said the bank rewards reformers with fiscal consolidation and macroeconomic stability.
Bolivia's Economic Crisis
Bolivia secured a US$1.9-billion IMF programme after ending 20 years of socialist rule amid deep economic crisis.
Colombia's Fiscal Challenges
Colombia's new president is negotiating a new IMF programme to address fiscal ruin left by his predecessor.
Argentina's Austerity Boost
Argentina received a US$20-billion IMF boost last year despite concerns, with $12 billion disbursed upfront.
What matters most
Trump-aligned Latin American leaders are securing IMF and World Bank loans to fund austerity measures.
