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Does globalization hurt wage earners?
June 01, 1997
As the world economy has become increasingly tightly knit over the past decade, the wage gap has widened between high-skilled and low-skilled workers. It would seem safe to conclude that the two trends are linked.
IDB approves first partial risk guarantee
June 01, 1997
The Inter-American Development Bank has added another instrument to its growing list of financial facilities to support the private sector in Latin America and the Caribbean: partial risk guarantees.
A $31.25 million partial risk guarantee was approved in April by the IDB Board of Executive Directors for senior debt noteholders investing in Bogotana de Aguas y Saneamiento S.C.A., E.S.P., a company that will build a wastewater treatment plant serving the metropolitan area of Bogotá, Colombia.