RealTime Economic Issues Watch
Washington Consensus
In 1989, PIIE's John Williamson used the term "Washington Consensus" to describe the remedies supported by international institutions (e.g., the World Bank and the International Monetary Fund) to help Latin American countries recover from debt crises. A lively debate continues over whether these policies stabilized their economies at the expense of human suffering and lost growth.
After the Washington Consensus: Latin American Growth and Sustainable Development