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The 3rd version of the negotiations between Brazil-IMF

Author

Listed:
  • Maria Sílvia Bastos Marques
  • Paulo Nogueira Batista Jr.

Abstract

This paper discusses the recent evolution of negotiations between Brazil and theIMF. Section I presents a short survey of the difficulties encountered during the first phaseof negotiations from November 1982 to September 1983. Section II examines policy targetsfor 1983 and performance criteria for fiscal policy, monetary policy and the external sector.The general outline of the IMF programme for Brazil in 1984-85 is analysed in Section III,where it is shown that its basic guidelines are based on questionable assumptions and thatthe speed with which the adjustment is being attempted may be incompatible with Brazil’sobjective situation. The final section provides a brief summary of the main conclusions. JEL Classification: E31; F34; H63.

Suggested Citation

  • Maria Sílvia Bastos Marques & Paulo Nogueira Batista Jr., 1984. "The 3rd version of the negotiations between Brazil-IMF," Brazilian Journal of Political Economy, Center of Political Economy, vol. 4(2), pages 161-185.
    • Handle: RePEc:ekm:repojs:v:4:y:1984:i:2:p:161-185:id:1883
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1883/1869
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    More about this item

    Keywords

    IMF; fiscal policy; stabilization;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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