IMF structural adjustment programs in Latin America (1980s–1990s)

1. Mexico’s debt shock triggers region-wide crisis

   Aug 1, 1982Labels: Mexico

   • Britannica
   • UPI

2. IMF approves large multi-year loan for Mexico

   Dec 23, 1982Labels: IMF, Mexico

   • UPI

3. Bolivia launches “New Economic Policy” shock measures

   Aug 29, 1985Labels: Bolivia, Supreme Decree

   • NLR
   • Decree 21060

4. Baker Plan promotes adjustment-plus-new-lending approach

   Oct 1, 1985Labels: Baker Plan, James Baker

   • IMF Chronology
   • Baker Plan

5. IMF creates Structural Adjustment Facility (SAF)

   Mar 27, 1986Labels: IMF, Structural Adjustment

   • IMF Chronology
   • IMF Timeline

6. IMF launches Enhanced Structural Adjustment Facility (ESAF)

   Dec 29, 1987Labels: IMF, Enhanced SAF

   • IMF Chronology
   • IMF ESAF

7. “Washington Consensus” term coined for Latin America reforms

   Jan 1, 1989Labels: Washington Consensus, John Williamson

   • Britannica
   • Williamson 2008

8. Caracazo unrest follows Venezuela’s adjustment measures

   Feb 27, 1989Labels: Caracazo, Venezuela

   • IACHR
   • Caracazo

9. Brady Plan introduces debt reduction through bond exchanges

   Mar 1, 1989Labels: Brady Plan, Nicholas Brady

   • Int Affairs
   • EMTA

10. Peru seeks return to IMF-led support after default

    Sep 3, 1991Labels: Peru, Fujimori

    • UPI

11. Mexico crisis prompts record IMF stand-by credit

    Feb 1, 1995Labels: Mexico, IMF

    • IMF PR 95
    • IMF Timeline

12. Brazil requests major IMF support amid market turmoil

    Nov 13, 1998Labels: Brazil

    • IMF LOI
    • RBA Table

13. IMF replaces ESAF with Poverty Reduction and Growth Facility

    Sep 16, 1999Labels: IMF, PRGF

    • IMF ESAF PRGF
    • IMF Issues