Washington Consensus
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The Washington Consensus is a set of ten economic policy prescriptions considered in the 1980s and 1990s to constitute the "standard" reform package promoted for crisis-wracked developing countries by
Argentine President Carlos Menem
A group of rioters attempting to push over a bus during the Caracazo
World Bank Group
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The World Bank Group is a family of five international organizations that make leveraged loans to developing countries. The group is the largest development bank in the world. It is headquartered in W
Washington Consensus
…reform package promoted for crisis-wracked developing countries by the Washington, D.C.-based institutions the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. The term was first used in 1989 by English economist John Williamson. The prescriptions encompassed…
The World Bank Group building (Washington, D.C.)
Harry Dexter White (left) and John Maynard Keynes, the "founding fathers" of both the World Bank and the International Monetary Fund (IMF)
The Gold Room at the Mount Washington Hotel where the International Monetary Fund and World Bank were established
The World Bank Sign on the building