IMF seeks Latin America’s support

Experts say Mexico’s relatively strong economy puts it in a position to negotiate for more power inside lending agency.

Christine Lagarde, the head of the International Monetary Fund, is in Mexico trying to get support as she works to solve Europe’s debt crisis.

International financial officials like Lagarde have never been popular in Central and South America. Once they came to demand painful austerity cuts in exchange for loans, but now they come asking for support for a possible bailout of faltering European economies.

Al Jazeera’s Franc Contreras reports from Mexico City.

Source : Al Jazeera

More from News
Most Read