-Contributed by Alison Bowen
Everyone has something to say about the economic state of Latin America. A few examples:
Latin America’s economic growth rose overall by 4.8 percent this year, according to the United Nation’s Economic Commission for Latin America and the
Meanwhile, the Inter-American Development Bank cancelled $4.4 billion worth of debt March 29, according to the Free Market News Network. Bolivia, Guyana, Haiti, Honduras and Nicaragua will benefit from the reprieve, led by Honduras’ $1.4 billion and Bolivia’s $1 billion owned.
After explaining that the International Monetary Fund is not the right organization to fix Latin America’s fiscal problems, Dodge recommended creating an alternative organization that could work with the various nations to promote free trade and liberal markets.
Speaking to the Americas Society and the Council of the
Links- The Globe and Mail, Free Market News Network, Reuters
Image- PC World