No Latin American country will be saved from crisis
The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.
Monday, October 27, 2008
Daboub, ex minister of Economy for El Salvador, will be in Panama next week and in his country of origin, where he will participate in the Ibero-American Summit. The institution has said that it is willing to double its loans for Latin America, which this year totaled $5 billion.
In times of credit crunch from the usual sources, it is appropriate to remember that there are other alternatives for financing projects.
The Dow Jones industrial average opened 400 points higher and never looked back, led by big gains in financial stocks.
For Eduardo Lizano, President of the Central American Academy, the fast benefits that were expected from the DR-CAFTA may not materialize
The business sector is warning that the Costa Rica could enter a crisis of massive layoffs if they cannot finance their activities.
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