World Bank, IDB, CAF: Now Everyone Knocks on Their Doors

In good times, multilateral lending agencies do not have too many customers. In times of crisis, everyone needs them.

Monday, April 13, 2009

To continue to grow and not stagnate, Latin America needs foreign investment in an amount ranging from 5% to 6% of the GDP in the region. It is $200 billion, a figure too large for the current scope of these credit institutions.

Rodrigo Lara Serrano pointed out in his article published in Americaeconomia.com that "multilateral bankers are going through times of plenty. ‘Everyone is knocking on the door and asking for money,’ said a source who asked to remain anonymous. Normally entities must search for good projects. 'Now we choose the projects, although this is delicate: How do you compare things when everyone says that their needs are of vital importance?'"



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From a report by the Central Bank of Costa Rica:

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