The '___ Consensus' refers to a set of ten market-oriented policy prescriptions—including fiscal discipline, tax reform, trade liberalization, and privatization—that were heavily promoted for crisis-hit developing countries by Washington-based institutions in the late 1980s and 1990s.

Answer: Washington

Coined by John Williamson in 1989, the Washington Consensus became the standard reform package prescribed by the IMF and World Bank for Latin American and Asian nations facing debt crises. While it successfully stabilized macroeconomies and curbed hyperinflation, it was later heavily criticized for ignoring institutional weaknesses, exacerbating income inequality, and triggering severe social backlash due to rapid austerity measures.