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Article: Ecuador's President Criticizes IMF Methods.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 15, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Nancy San Martin, The Miami Herald Knight Ridder/Tribune Business News
Oct. 15--Opening a major two-day economic conference on Latin America, Ecuadorean President Gustavo Noboa criticized the International Monetary Fund on Monday for linking loans to conditions that can disrupt the social fabric of countries struggling to overcome economic woes.
"The ingredient I see missing from the [International Monetary Fund] is social sensibility," said Noboa, whose administration has been working for months to secure a multimillion-dollar loan. "We can't do things that would set off our population." Noboa, the first speaker at The Herald's sixth annual ...