Tuesday, November 14, 2006

IADB: Kudos to L. America’s economic growth

The Inter-American Development Bank (IADB) praised current growth in Latin America yet anticipates slightly slower growth in 2007. The remarks made by senior IADB official Guillermo Calvo were similar to a report published recently by the International Monetary Fund, though Calvo warned that lack of reform and strong dependence on raw materials may hurt Latin America’s economy next year.


In a related bit of news, sources tell Reuters that China’s attempt to join the IADB has slowed since the U.S. is cautious over China’s bid.

Links- Reuters, The Latin Americanist (blog)

Image- venezlon.co.uk

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