Somoza's economic czar denounces the IMF: an interview with Francisco Lainez. (Anastasio Somoza; International Monetary Fund)(Interview)

From: Multinational Monitor | Date: September 1, 1996 | Copyright information

Nicaraguan business consultant Francisco Lainez believes that the economic policies proposed by the World Bank and the International Monetary Fund for Nicaragua may lead to more poverty and economic problems. Policies dictated by these institutions are intended to convert borrowing countries into consumption economies. Lainez thinks that Nicaragua economic dilemma can be reversed through the adoption of belt-tightening measures.

Known as Nicaragua's "Economic Czar" toward the end of the Somoza dynasty, Francisco Lainez founded Nicaragua's Central Bank in 1961 and served there until a year ...

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