IDB MAKES PROJECTIONS INDICATE GROWTH FOR LATIN AMERICAN COUNTRIES

March 09, 2010

The Inter American Development Bank is projecting that the economy of Latin American countries could grow by three percent or more this year. The president of the bank, Luis Alberto Moreno, at a recent meeting of IDB governors of Central America and the Dominican Republic, said he expected to witness growth in the region on the back of the recovery of the global economy.  Speaking at last week’s meeting in El Salvador, Mr. Moreno said the figure was in line with the world’s main economies, which would not see significant growth rates this year or in 2011. The IDB president praised the members at the closing ceremony of the conference for increasing the working capital of the organization, while dealing with issues related to social aspects. IDB governors and regional managers from Belize, Costa Rica, El Salvador, Guatemala, Nicaragua, Panama and Dominica Republic attended the conference.

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