July 22, 2008
Good morning to everyone. I would like to welcome all of you to the Inter-American Development Bank. The IDB believes in the power of sports to mobilize the private, public and non-profit sectors to have a positive impact on youth. In the past two years, the Bank has invested over five million dollars in non-reimbursable financing for this type of initiatives. We believe that the skills learned on the soccer field can be transformed into skills for life and skills for employment.
June 18, 2008
Latin America and the Caribbean experienced solid growth in 2007, external indebtedness declined in relative terms, and international reserves have risen. However, inflationary expectations have started to mount, due in part to the increase in oil and food prices.