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Michel Camdessus, managing director of the International Monetary Fund, said Latin America`s debt problem will last for a long time. ”It will be necessary to live with the debt for much more time than was hoped at the beginning of the 1980s,” he said at the opening of a conference in Venezuela. ”What we are all searching for is a solution that will permit the debtor countries to grow, in spite of their debt,” he said.
