Preliminary data suggests that all the performance criteria and structural benchmark for end-June are likely to be met, although end-of-June inflation was above the inner band of the consultation clause reflecting the pass through from the higher-than-expected depreciation of the peso. Pressures...

The Argentine experiment of the 1990s attracted significant international attention as a model case of neo-liberal restructuring. The Turkish version of neo-liberalism had also been identified as a success case during its early stages in the mid-1980s. Subsequent crises in both countries,...