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The International Monetary Fund (IMF) has played a critical role in the global economy since the postwar era. But, claims Claudia Kedar, behind the strictly economic aspects of the IMFOCOs intervention, there are influential interactions between IMF technocrats and local economistsOCoeven when countries are not borrowing money.

In "The International Monetary Fund and Latin America," Kedar seeks to expose the motivations and constraints of the operations of both the IMF and borrowers. With access to never-before-seen archive materials, Kedar reveals both the routine and behind-the-scenes...