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
Tags- international economy, International Monetary Fund, Inter-American Development Bank
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