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Nicaragua is a typical example from Central America. Overstated projected growth (and thus larger-than-payable loans) meant that paying their debt required cutting human investment programs...like healthcare and education. The reforms of the IMF focused on short-run growth, encouraging unsustainable exploitation of the rainforest, with disastrous long-run results. Now the IMF wants Nicaragua to focus on "good governance and controlling corruption" to improve their economy - even though a lack of corruption has no correlation to economic growth. These all imply a disconnect from economic realities.