Washington Consensus adoption in Latin America and Eastern Europe (1989–2000)

1. Williamson defines the “Washington Consensus” framework

   Jan 1, 1989Labels: John Williamson, Washington Consensus

   • Oxford Academic
   • IMF F D

2. Brady Plan shifts debt strategy toward reduction

   Mar 10, 1989Labels: Brady Plan, U S

   • Congress gov
   • Washington Post

3. Poland launches “shock therapy” market reforms

   Jan 1, 1990Labels: Balcerowicz Plan, Poland

   • Washington Post
   • Balcerowicz Plan

4. Peru imposes “Fujishock” to end hyperinflation

   Aug 8, 1990Labels: Fujishock, Peru

   • Washington Post
   • LA Times

5. European Bank for Reconstruction and Development begins operations

   Mar 1, 1991Labels: EBRD, European Bank

   • EBRD

6. Argentina adopts peso–dollar convertibility regime

   Apr 1, 1991Labels: Convertibility Law, Argentina

   • BCRA
   • Convertibility Law

7. Poland signs Europe Agreement with the European Communities

   Dec 16, 1991Labels: Europe Agreement, Poland

   • Gov pl

8. Russia liberalizes prices, accelerating transition reforms

   Jan 2, 1992Labels: Price Liberalization, Russia

   • Gaidar reforms
   • Gaidar bio

9. IMF moves to admit former Soviet republics

   Apr 27, 1992Labels: IMF, former Soviet

   • IMF Archives

10. Russia joins the World Bank and IDA

    Jun 16, 1992Labels: World Bank, Russia

    • World Bank

11. Central European Free Trade Agreement takes effect

    Mar 1, 1993Labels: CEFTA, Central Europe

    • UPI Archives

12. Ecuador adopts the U.S. dollar amid crisis

    Jan 1, 2000Labels: Dollarization, Ecuador

    • Fed Atlanta
    • Ecuador currency