IDB Fears Impact Of US Slowdown On S America

[Kevin Robert Dean]

IDB Fears Impact Of US Slowdown On S America
WorldNews.com, Tue 20 Mar 2001 Email this story to a
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World Bank News Roundup.
Questions about the likely duration of the US economic
slowdown and about the crisis in Argentina weighed
heavily on the opening of the IDB annual meeting in
Santiago, Chile yesterday, reports Les Echos (France,
p.11). "A definite and prolonged slowdown in the US
could have a serious impact on the economic
performance of the whole region," the IDB said as it
released its annual report, which nevertheless
forecasts 3.5 percent growth for the continent.

Also reporting on the meeting, El País (Spain, p.53)
notes that in his speech to the assembly, Spanish
Economy Minister Rodrigo Rato emphasized the need for
reforms to the coordination and functioning of the
multilateral organizations-the World Bank, the IMF and
the IDB-which he said did "not adequately reflect the
weight of Latin America" currently.

In a separate report, El País notes that IMF Deputy
Managing Director Eduardo Aninat, also at the IDB
annual meeting, questioned the degree to which those
who protest against the multilateral organizations and
"fight globalization in the streets" were
representative [of public interests]. "What is the
representativity of those who are protesting?" Aninat
asked. "What mandate do they have."

Following the 60 arrests that were made during weekend
protests against the IDB annual meeting, three more
protesters were detained yesterday, notes the story.

 

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