The Director of the International Monetary Fund’s (IMF) Western Hemisphere Division, Alejandro Werner, says Latin American and Caribbean economies are well placed to once again sustain relatively high growth rates.
Uruguay finally managed on Thursday to achieve investment grade debt rating from the three major agencies when Fitch raised the country’s rating to BBB-minus from BB-plus, citing economic resilience as well as the political and social stability of the country, squeezed between Brazil and Argentina.
The Vice-president of the European central bank Vitor Constancio said the EU has much to learn from Latin America which has coped with successive economic and financial crises and has managed to create robust financial structures which have made the region’s system even more resistant to outside shocks.
The Secretary General of the Organization of American States (OAS), José Miguel Insulza offered a positive balance of governance in Latinamerica and the performance of the region’s economy, in general, during the last twelve months.