Latin American should turn its infrastructure investment focus toward digital technologies and away from physical infrastructure to stimulate its economic recovery after the coronavirus pandemic, the Inter-American Development Bank (IADB) said on Thursday.Add your comment!
Loans to Venezuela from President Nicolas Maduro's allies Russia and China would be renegotiated through the Paris Club if Maduro leaves power, an advisor to the opposition said, responding to concerns about favorable treatment for the two countries.
The Inter-American Development Bank on Friday called off next week’s meeting of its 48 member countries in China after Beijing refused to allow a representative of Venezuelan opposition leader Juan Guaido to attend.
The United States on Thursday threatened to pull out of the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend.
China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston.
China and the Inter-American Development Bank said on Monday they are starting a 1-billion US dollars fund to invest in Latin America, though the Asian giant’s latest push to expand its influence in the region prompted words of caution from Brazil.
The Inter-American Development Bank (IDB) announced on Wednesday the unanimous approval of a 400 million dollar credit to Argentina in order to improve the infrastructure of the country’s poor neighbourhoods.
A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia.
The nations of Latin America and the Caribbean have an unprecedented opportunity to attain human development standards comparable to the industrialized world by 2025, Inter-American Development Bank President Luis Alberto Moreno said on Friday.
In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.