Latin America financial crises are very elegant and seem very difficult and impossible to solve. Even if it is, here are some ways Latin Americans have adopted to reduce their financial problems. First, according to Dr. Luisa Blanco in her book Latin America and the Financial Crisis of 2008: Lessons and Challenges: "Just like the United States, many Latin American countries have used fiscal stimulus through increased government spending to address the crisis. Due to the reforms implemented in the 1990s, which forced governments to be more fiscally responsible, many Latin American countries had more room to maneuver and implement these fiscal policies. ” (Blanco, 2010) By using the tax system in its monetary system, Latin America can better manage its source of money to reduce the national debt and at the same time can improve economic growth, although it will take a long time. to solve this crisis, but at least it will give a long-term positive effect to the Latin American country Besides that, Latin America also uses another strategy to reduce its debt. This is because paying off debt is the most important thing to resolve. If a country cannot find its own way in solving It is not possible to increase the country's debt in the international system and put it in a dilemma. For this reason, Latin America makes a move that, according to Eduardo A. Cavallo and Eduardo Fernández-Arias, 2012: "After several years of crisis, a new multilateral strategy eventually emerged, stimulated by the onset of social upheaval. This new strategy, the Brady Plan, recognized that excess debt had to be eliminated through deep debt reduction, in a manner similar to bankruptcy." (Eduardo A. Cavallo and Eduardo Fernández-Arias, 2012)Fr...... middle of paper ......osures of Latin American debt, were often reluctant to participate in the debt renegotiations needed to maintain the largest banks they will withdraw in the event of sovereign loan defaults. (MILLER, 2002) these two methods applied by Latin America are used to reduce its financial debt. It can be said that the method used has been quite successful because now we can see that Latin America is developing its country and moving forward. If this method is not successful, there is no way for Latin America to develop its country like today. He will not be able to manage his debt dilemma and develop his country at the same time. In conclusion, Latin America will manage its debt crisis using some method or plan as mentioned above and get help from another country like Japan where from time to time they manage to reduce their financial debt using the best way for their people and their country.