Regions / Latin America & Caribbean

Despite the IMF's reformist rhetoric about "bailing in" foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.
he conflict between forces loyal to President Hugo Chavez and those opposed to him heated up particularly after November 2001, when Chavez, using new powers granted him by the National Assembly, passed 49 laws, some of which were extremely controversial--
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