Simultaneously with its entry into the IDB and the IIC, the Republic of Korea would also join the Multilateral Investment Fund
Chinese officials in Beijing are growing increasingly unhappy with the government’s policy of offering cheap loans without conditions to troubled Latin American states that might never be able to repay them.
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.
LatAm delegates who struggled with the 40-hour journey to get the IADB meetings in Busan are likely to return with harsh lessons on trade tariffs rather than a recipe to replicate South Korea’s economic miracle.
Now that the a decade-long economic boom has come to an end, Latin American countries are looking to engage with the World Bank to deal with development challenges amid more complex external conditions
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?
"Indonesia, having just seen a peaceful democratic election of a non-elitist leader, is probably going to embark on reforms that should keep growth at 5%-6% for years to come"
Jim O'Neill, economic advisor, IFC
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