Bank supports growth and reform with more than $6 billion in loans
Latin American economists need to grasp the policy challenges posed by a year of “mediocrity” in the face of the slump in the oil prices, a stronger dollar and an expected hike in US rates.
Ambition and reforms, Peru has aplenty. But despite getting many things right, it is not being rewarded with strong growth. In the year before the next presidential election frenzy, can Peru get moving again?
The government of the Bahamas is expecting economic growth to double to 2.5%-3.0% this year from 2014 as the US recovers but recent rating agency downgrades have cast a shadow on the sunny outlook.
Mexico’s deputy central bank governor tells Emerging Markets that overall his country will benefit rather than suffer from rising US interest rates but warns that a depreciation of the peso is a ‘risk’ to the otherwise positive outlook.
Huge. Massive. Vast. Pick any of these words and it would more than adequately describe the need for infrastructure in Latin America and the Caribbean. But having failed to take advantage of the boom years to finance major projects, governments now need to look to the private sector to fill the gap.
There is still pessimism in the business community but I feel the central bank and finance ministry are trying to get closer to the private sector in order to lift confidence
Paulina Yazigi Salamanca, Credicorp
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