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The Cartagena Consensus: redefining repayment capacity as a political economy issue, not a technocratic one

Bohoslavsky, Juan Pablo, Cantamutto, Francisco and Laskaridis, Christina (2025) The Cartagena Consensus: redefining repayment capacity as a political economy issue, not a technocratic one. Development. ISSN 1011-6370

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Identification Number: 10.1057/s41301-025-00441-x

Abstract

This article uses a historical case study – the so-called Cartagena Consensus during the eighties in Latin America and the Caribbean – to document the historical experience of coordination among debtor countries. Using primary and secondary sources, this piece shows how historical attempts to fight the creditors have also focused on re-defining debt repayment capacity. In doing so, the article shows how much of a political project the definition of repayment capacity is, rather than a technical one. This bears relevance for the urgent need to redefine current practice of and consensus building strategies around debt sustainability analysis.

Item Type: Article
Additional Information: © 2025 Society for International Development
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science
Date Deposited: 20 May 2025 15:33
Last Modified: 27 May 2025 17:37
URI: http://eprints.lse.ac.uk/id/eprint/128152

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