Peru and the International Monetary Fund

Thomas Scheetz shows that the Internationaly Monetary Fund's approach in 1980s Peru did not addresses the roots of debt and financial crisis, but instead instituted a series of inadequate stopgap policies.

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Thomas Scheetz shows that the Internationaly Monetary Fund/u2019s approach in 1980s Peru did not addresses the roots of debt and financial crisis, but instead has instituted inadequate stopgap policies, which have caused great inequities because of incorrect or biased assumptions. He argues that policies to eliminate /u201cexcess demand/u201d in fact harm the poor, and the support the rich.