Word: imf
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...second half has more appeal to a general audience, perhaps because most of the other Presidents are less famous or notorious than Chávez, perhaps because the first half has conditioned us to a rigorously genial treatment of them. Lula da Silva brags that Brazil paid off the IMF debt and that the country now has a $260 billion surplus. (Irmao, can you spare us a dime?) Morales, the first indigenous President of Bolivia, says he considers himself "less a President than a union leader." The Illinois-educated Correa says smilingly that the U.S. can again have a military...
...Still, for the country it was a tumultuous time. The Asian financial crisis had devastated what had once been one of East Asia's fastest-growing economies. Kim privatized state-owned companies and jump-started South Korea's IT sector. After getting $60 billion in loans from the IMF in 1997, South Korea became the first East Asian country to, in effect, graduate from its oversight, paying its IMF loans back faster than any other East Asian country, in 2001. (See lessons from Asia's financial crisis...
...have embarked on a development plan which I think has been successful. It is enough to mention that we have achieved an 8% average rate of [economic] growth in the last twenty years. The IMF describes the Sudanese economy as the fastest-growing economy in the world despite all these problems...
...mentioned earlier, we came with a clear vision. And given the position of the Western countries toward Sudan, and the international funding institutions like the IMF and the World Bank, we did not waste time and we started to look for new partners. From the first day, our policy was clear: To look eastward, toward China, Malaysia, India, Pakistan, Indonesia, and even Korea and Japan, even if the Western influence upon some [of these] countries is strong...
...fiscal policies and - at least as many interpreted the consensus - free capital flows. The U.S. Treasury, in the wake of the credit meltdown, has put forward a plan to enhance regulation of its own capital markets, but that is unlikely to prevent Beijing from continuing to push for the IMF to take a greater role in policing global markets. At its core, despite embracing many aspects of the market, China runs a top-down, command-and-control economy, and its success so far in skating through the recession relatively cleanly may encourage other developing countries to adopt its brand...