Financial crisis seen lasting one to three years in Latin America and the Caribbean – Bankers poll

Thursday, February 12, 2009 - 03:00
A majority of Latin American and Caribbean bankers expect the crisis in financial markets to last between one and three years, according to the results of a poll released today by the Inter-American Development Bank and the Latin American Bank Federation (FELABAN). More than 100 executives from large, mid-size and small banks from 19 Latin American and Caribbean countries took part in the survey conducted at the end of 2008, after the global financial crisis started to hit this region.

Facing the gathering storm

Wednesday, December 31, 2008 - 03:00
The past six years have been among the most glorious for Latin America’s once-fickle economies. Growth was fed by soaring commodity prices and generally more cautious fiscal policies. Almost 40 million individuals were swept above the poverty line. As the effects of the financial crisis in the United States and Europe deepen, Latin America and the Caribbean is bracing for the storm. Raw material prices are sharply lower and government budgets are tested.

Inter-American Development Bank named Best Multilateral by LatinFinance

Friday, November 7, 2008 - 03:00
LatinFinance, the leading source of financial market intelligence for the Latin American and the Caribbean, named the Inter-American Development Bank (IDB) as the best multilateral institution this year. LatinFinance praised the bank’s efforts to finance the largest ongoing infra-structure projects in the region, highlighting the bank’s innovative lending instruments.