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International Monetary Fund. External Relations Dept.

In a news brief issued on June 15, IMF Managing Director Michel Camdessus announced that an IMF Executive Board meeting had been set for early July to consider Mexico’s request for a Stand-By credit from the IMF equivalent to SDR 3.1 billion (about $4.1 billion). “The credit would be in support of the government’s strong economic program for 1999–2000,” Camdessus said, “and would help ensure the maintenance of a strong policy framework during the transition to the next administration, and thereby support market confidence during this period.

Jorge Ivan Canales-Kriljenko, Brahima Coulibaly, and Herman Kamil

Prize or Penalty: When Sports Help Economies Score" looks at why countries vie to host the world's most costly sporting events. And, in a series of articles on "After the Crisis," we discuss why some countries were hit harder than others; how were shocks transmitted round the world, and whether protectionist pressures might intensify in 2010. As usual, we take on a number of hot topics, including housing prices, bankers' bonuses, Ponzi schemes, and inflation targeting. In "Picture This" we see that the number of hungry is on the rise, topping 1 billion. Our regular "People in Economics" column profiles Daron Acemoglu, the Turkish-born intellectual who won the American Economic Association's award in 2005 for the most influential U.S. economist under the age of 40. "Back to Basics" explains inflation; and "Data Spotlight" looks at how dollarization is declining in Latin America. Also includes articles by Nick Stern on climate change and Simon Johnson on bonuses and the "doomsday cycle