Nov. 19, 2002 [LINK]
Argentina bribery
After months of economic panic and political maneuvering, Argentina finally announced it was not going to make a payment due on its debt to the World Bank. (It had defaulted on its private debts last December.) Richard Jahnke's El Sur Web blog has links to stories about this in The Economist and Latin American newspapers. Oddly, the IMF has responded in a conciliatory, low-key way so far. Apparently, there has been a slight economic rebound in Argentina recently, and the government seems to think its bargaining position has improved.