IDB Fears Impact Of US Slowdown On S America

Kevin Robert Dean qualiall_2 at
Thu Mar 22 17:57:32 PST 2001

IDB Fears Impact Of US Slowdown On S America, Tue 20 Mar 2001 Email this story to a friend Print this story 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.

__________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail.

More information about the lbo-talk mailing list