Conditionality in Latin America
By Humberto Campodonico
This paper highlights two themes: 1) lack of achievement arounc conditionality issues; and 2) how the attitude of recipient countries and their willingness to change policies is very important.The author believes that approaches such as launching the South Bank, using the international reserves of countries that promote it, could be an important step forward.The final documents of the constitution of this bank (in December 2007) are eagerly anticipated to make a definitive opinion on its objectives, loan mechanisms, duration and rates of interest, also on the conditionalities if there are any.
Click here to read the full piece