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These loans were to help with the infrastructure of the country. The International Monetary Fund was originally designed to provide temporary loans for emerging countries to balance the current rate of exchange for a “temporary balance of payments problems†(Sawyer & Sprinkle, 2006). According to Christopher Whalen the World Bank and the IMF have contributed to Mexico being burdened with a high government debt, and to reducing economic growth (n...
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The International Monetary Fund was originally designed to provide temporary loans for emerging countries to balance the current rate of exchange for a “temporary balance of payments problems†(Sawyer & Sprinkle, 2006). According to Christopher Whalen the World Bank and the IMF have contributed to Mexico being burdened with a high government debt, and to reducing economic growth (n...
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