“In 1980 the Latin American nations collectively were receiving from their external creditors – major banks, the International Monetary Fund, the World Bank – about $11 billion more than they were losing in capital transfers back to wealthy-nation interests. But by 1985 these nations would be losing $35 billion more a year in capital transfers to North America and Europe than they received in loans and investments.41.”

“In 1980 the Latin American nations collectively were receiving from their external creditors – major banks, the International Monetary Fund, the World Bank – about $11 billion more than they were losing in capital transfers back to wealthy-nation interests. But by 1985 these nations would be losing $35 billion more a year in capital transfers to North America and Europe than they received in loans and investments.41.”

— Laurie Garrett