Alan Garcia's statement on the IMF
President Alan Garcia Perez stated on February 26, 1986 that the IMF would no longer come to Peru "to take account of its economy or to put pressure on it", marking a confrontational stance with the international financial institutions.
On February 26, 1986, President Alan Garcia Perez made a strong statement about the International Monetary Fund (IMF). In his statement, Garcia declared that the IMF would no longer come to Peru "to take account of its economy or to put pressure on it". This statement was part of the Aprista government's heterodox economic policy, which sought to limit foreign debt payments to 10% of export revenues. The position represented a direct challenge to the international financial institutions and their influence on national economic policies.