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Turkey and Argentina planned and put into effect their own restructuring programs, albeit with I.M.F.
The agricultural and mining sectors began to improve as restructuring programs were established and investment began to return.
WestLB and BayernLB say that they have overcome their problems after going through huge, taxpayer-financed restructuring programs.
Kumho Industrial and Kumho Tire were placed under debt restructuring programs known in South Korea as workouts.
Mr. Weinberg, as a banker earlier in his career, worked with the I.M.F. on debt restructuring programs in Mexico and other countries.
No other institution, even the E.C.B., has the political independence or expertise needed to oversee restructuring programs in a country like Spain.
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Problems with the restructuring program are already appearing.
The Dutch chemical group Akzo Nobel will expand a previously announced restructuring program.
In the second phase of a major restructuring program, Lucent said, it has cut annual expenses by $2 billion.
The company said it was reducing operations in South America and the former Soviet Union as part of an overall restructuring program.
He said that cost-cutting savings from a restructuring program announced last year have produced $18 million in savings companywide.
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