There was no institutionalized write-down of Latin American debt until five years after the crisis, when a haircut no longer threatened banks’ stability. It was only at this moment that real lending for new projects could really begin.
直到五年之后，各金融机构才开始就拉美债进行资产减记，此时对银行自身的稳定性已不再构成威胁。也是从此时开始，新的放贷项目才得以真正启动。而在这若干年里，拉美各国一直苦苦挣扎，乃至有了后来广受议论的“失去的十年”。