Foreing Debt: Fifty years forgetting London


by Eduardo Gudynas – The foreign debt in southern countries continues to grow and is once again becoming a major problem. By the end of 2002, the Latin American debt had grown to over $725 billion; the most indebted nations were Brazil ($230 billion), Argentina ($150 billion), and Mexico ($140 billion).

Eduardo Gudynas is senior analyst at D3E (Development, Economy, Ecology and Equity Latin
America), a research and advocacy center based in Montevideo, Uruguay.

Published by the Americas Program of the Interhemispheric Resource Center (IRC). Download …