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.

Recent Content

RealTime Economic Issues Watch

Douglas A. Irwin (PIIE) and Oliver Ward (PIIE)

September 8, 2021
Peterson Perspectives
Featuring John Williamson (PIIE)
November 2, 2010
RealTime Economic Issues Watch
April 10, 2009
Speeches & Papers
September 24, 2004

edited by Pedro-Pablo Kuczynski (Minister of Economy and Finance of Peru) and John Williamson (PIIE)

March 2003
Speeches & Papers
November 6, 2002