China will provide up top 2 billion dollars for an Inter American Development Bank (IDB) fund, in support of projects for the public and private sector that promoted sustainable growth in the region.
By R. Viswanathan (*) - During the sixth China - Latin America Business summit in Hangzhou in October 17-18, the Inter American Development Bank (BID) brought out a report on Latin American investment in China.
Chilean police stormed on Thursday three schools in the centre of Santiago, overtaken by students for the past week, and arrested 70 young people who were involved in the protests demanding education reform.
An aggravation of the European crisis could reduce growth prospects in Latin America up to 40%, said the Inter American Development bank president Luis Alberto Moreno, particularly because of the influence of European financial institutions in the influx of capital to the region.
Fast-growing trade and investment between the Asia-Pacific area and Latin America and the Caribbean have transformed the two regions into powerful motors for the world economy, with two-way trade hitting 442 billion dollars last year. The time is right to deepen cooperation so as to ensure future growth and prosperity, according to a new study.
Trade between Asia and Latin America reached 442 billion dollars in 2011 growing at an annual rate of 20.5% in the last twelve years according to a joint report from the Inter American Development Bank and the Asian Development Bank.
President of the Inter-American Development Bank (IDB), Luis Alberto Moreno urged Latin America and Caribbean governments to learn from and replicate successful experiences in the prevention of crime and violence in the region.
The economy of Latin America and the Caribbean should grow 3.6% this year, down from recent rates above 5% as slower expansion in China, a soft recovery in the US and debt woes in Europe weigh on the global economy.
Leading figures from the public, private, and academic sectors will participate in the annual meeting of the Inter American Development Bank, (IDB), In Uruguay, March 15-19, to examine issues that include the European crisis, youth employment, citizen security, culture and sports for youth development, climate change, and cooperation between Asia and Latin America.
Argentina must solve the controversy over the measurement of inflation which has significant economic and political costs, said Eugenio Diaz-Bonilla the Inter American Development Bank, IADB, director for Argentina and Haiti.