The 3rd version of the negotiations between Brazil-IMF

Vol. 4 No. 2 (1984)

Apr-Jun / 1984
Published April 1, 1984
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Marques, Maria Sílvia Bastos, and Paulo Nogueira Batista Jr. 1984. “The 3rd Version of the Negotiations Between Brazil-IMF”. Brazilian Journal of Political Economy 4 (2):161-85. https://doi.org/10.1590/0101-31571984-2005.
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The 3rd version of the negotiations between Brazil-IMF

Maria Sílvia Bastos Marques
Centro de estudos Monetários e de Economia Internacional do Instituto Brasileiro de Economia da Fundação Getúlio Vargas. São Paulo/SP, Brasil.
Paulo Nogueira Batista Jr.
Centro de estudos Monetários e de Economia Internacional do Instituto Brasileiro de Economia da Fundação Getúlio Vargas. São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 4 No. 2 (1984), Apr-Jun / 1984, Pages 161-185

Abstract

This paper discusses the recent evolution of negotiations between Brazil and the
IMF. Section I presents a short survey of the difficulties encountered during the first phase
of negotiations from November 1982 to September 1983. Section II examines policy targets
for 1983 and performance criteria for fiscal policy, monetary policy and the external sector.
The general outline of the IMF programme for Brazil in 1984-85 is analysed in Section III,
where it is shown that its basic guidelines are based on questionable assumptions and that
the speed with which the adjustment is being attempted may be incompatible with Brazil’s
objective situation. The final section provides a brief summary of the main conclusions.

JEL Classification: E31; F34; H63.


Keywords: IMF fiscal policy stabilization