The Euro crisis is the “greatest external economic risk” for Latinamerica warned the Inter American Development Bank Luis Alberto Moreno who nevertheless said he was convinced the world with end acknowledging the efforts from the European Union and Spain.
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.
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.
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 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.
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.
The Inter-American Development Bank, IADB, will lend Argentina 1.3 billion US dollars this year, the bulk of which will be used for infrastructure projects, such as expanded roadways and sewage systems as well as a plan to improve neighbourhood conditions, announced president Luis Alberto Moreno.
The Latin American Development Bank, IDB, plans to help Latin American countries “de-dollarize” their economies by providing more financing in local currencies, said bank President Luis Alberto Moreno.