Regions / Latin America & Caribbean
With annual lending to Latin American countries surpassing $8 billion annually, the IDB has significant influence over the region’s economies.
Today we would do well to remember Romero as an example of moral courage in a time of war. But his story is also significant because El Salvador has repeatedly been used by the current Bush administration as a parallel for the situation in Iraq.
Negotiations for the Free Trade Area of the Americas (FTAA) failed before they ever began.
Most disturbingly, it is unilaterally waging war against its own Latin American "axis of evil"--the Colombian "narcoterrorists," Cuba's Fidel Castro, and Venezuela's Hugo Chávez--with little if no effort to take into account the concerns of Latin American
Innovative, new solutions to familiar problems, like the promotion of democracy and the war on drugs, are on the agenda of this Latin American alliance.
The potential benefits of trade can be an important engine for economic growth and poverty reduction. However, only when trade is built upon solid institutional foundations are these benefits typically realized.
Bush's misreading of the Cuban Missile Crisis illustrates what is wrong with the current administration's policy toward Iraq.
Despite the IMF's reformist rhetoric about "bailing in" foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.
The new IMF prescription of fiscal austerity and no capital controls makes little economic sense.
After five months of waiting, Colombians received news last week that former presidential candidate, Ingrid Betancourt, was indeed alive.