Agriculture in Latin America and the Caribbean has had a dynamic development growth during this decade but it has not been sufficient to reduce rural poverty in the region according to a report from FAO and the UN Economic Commission for Latin America and the Caribbean, Cepal.
Asia and Latinamerica emerging economies anticipated that they would be implementing new measures to limit the inflow of capitals following on the United States Federal Reserve announcement that it would pump more liquidity into the faltering US economy.
With many Latin American and Caribbean economies recovering faster than anticipated, the challenge for policymakers is ensuring a moderation in domestic demand to avoid overheating, the IMF said.
The International Monetary Fund once again warned Latin American nations with fast growing economies of the risk of “overheating” due to strong domestic demand, which would cause “inflation and widening of current account deficits.”
Latin America and the Caribbean face potentially crippling economic and social costs from natural disasters and need to do more to reduce risks and prepare government finances to respond to eventual catastrophes, says a new set of indicators by the Inter-American Development Bank (IDB).
Latin America is poised to expand between 5.5% and 6% this year based on the sustained improvement of commodities pirces, productivity gains and domestic market expansion, said the president of the Inter American Development Bank, IDB, Luis Alberto Moreno.
World Bank's Chief Economist for Latin America and the Caribbean Augusto de la Torre said that the Latin American economy will grow between 5.5 and 6% this year spurred mostly by a good performance from Mercosur members.
Under the heading of “The United States and Latin America: Nobody’s backyard”, The Economist publishes one of its leading articles, supported by special pieces dedicated to the region’s potentialities, recent successes and shortcomings, mainly triumphalism and complacency.
Canada is “satisfied” with contacts held with the Argentine government for the possible beginning of discussions regarding a free trade agreement with Mercosur, said Canadian International Trade minister Peter Van Loan said at the end of a tour of four Latin American countries
Business climate in Latin America reached in July its highest level in a decade according to the joint report from Brazil’s Getulio Vargas Foundation and Germany’s Economic Research Institute (IFO) from the University of Munich.