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11 Citation The Inter American Development Bank (IADB) yesterday published a study ( ''Dealing with an International Credit Crunch: Policy Responses to Sudden Stops in Latin America´´ ) in which it assesses lessons of past crises in Latin America and the role of multilateral agencies during such market moments. The crisis ''has brought Keynesianism back to the centre stage of the global policy debate,´´ the IADB says. As Latin American and Caribbean nations unveil their fiscal stimulus packages to fend, technorati.com
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Allow me to direct your attention to..... 1 Citation ....these three links. Market Memorandum does a good job of analysing the new IADB paper entitled, "Dealing with an International Credit Crunch: Policy Responses to Sudden Stops in Latin America." Recommended reading for those who need to know the subject but don't have time to wade through the whole IADB report (like me, for example). Biiwii does his own analysis of the Gold/Silver Ratio mentioned here yesterday. As you might expect Gary does it better, though it is nice to see him basica, technorati.com
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IADB May Report $1 Billion Loss in Investment Portfolio. Another Victim of the Sub-Prime Debacle 1 Citation The way the IADB bankers announce their screw-ups is quite peculiar: ''The financial crisis has driven down market prices of several types of assets worldwide and the IADB has not been immune to its effects. As part of its liquidity policy, the bank maintains a liquid investment portfolio that covers on average 18 months of loan disbursements, debt service and other liabilities.´´ Too much of that. Then, they say: ''For 2008, the IADB expects to report a net investment loss of appro, technorati.com
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1 Citation The Inter-American Development Bank pledged $600 million in contingent credit facilities to help Latin America and Caribbean countries cope with hurricanes, floods and the same natural disasters that every year afflict millions of people . The IADB said the drawdown of funds would be contingent upon the occurrence of a natural disaster of a type and intensity determined by the facility guidelines, with borrowing terms similar to those regularly applied to the bank's credit operations. Facilit, technorati.com
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Hard-Working Colombians. What Does These Numbers Mean? 1 Citation The Inter American Development Bank yesterday released a report called ''Beyond Facts: Understanding Quality of Life´´ (click here to access to the IADB's executive summary.) The findings are somehow interesting: surprisingly, 82 percent of the Latin Americans surveyed claimed they are satisfied with their jobs, in spite of the very high levels of labour informality. The IADB economists say that apparent paradox is explained by the ''greater value most people place on flexibility, personal skill, technorati.com
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This is Bad News for Latin America: Remittances Seen Falling This Year For First Time, Says IADB 1 Citation After almost a decade of growth, remittances to Latin America and the Caribbean are likely to decline in 2009 -- the first decline since the Inter-American Development Bank started tracking flows in 2000. Bad news. Remittances have been decreasing since the fourth quarter of 2008 -- the first quarterly decline also in nearly a decade. Migrants are either being hit by the economic recession in the U.S. and most developed economies; remittances are also being affected by swings in exchange, technorati.com
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IADB seeks huge capital hike, US backs review 1 Citation * IADB urged to increase capital by $150 bln-$180 bln * Bank's loan requests seen way above $20 billion in 2009 * US backs review to hike bank capital-Geithner (Recasts with comments from Geithner ) MEDELLIN, Colombia, March 29 (Reuters) - The Inter-AmericanDevelopment Bank on Sunday weighed hiking its capital by up to$280 billion to help the region weather the global financialcrisis and won cautious backing from key shareholder the UnitedStates. US to study large increase in LatAm ban, technorati.com
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Former Rwandan Official Arrested; Haiti to Receive $120 Million in Grants 1 Citation Former Rwandan Official ArrestedRwanda?s former deputy interior minister was sentenced to 30 years in jail for participating in the country?s 1994 genocide. Callixte Kalimanzira, 54, who was arrested in 2005, allegedly tricked thousands of Tutsis into going to Kabuye Hill where they thought they would receive food and shelter. Instead, they were murdered by militias, the BBC reports. Kalimanzira, who was tried by the Tanzania-based International Criminal Tribunal for Rwanda, also is accused of s, technorati.com
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http://www.iadb.org/int/DRP/esp/Red5/Documentos/CCMD11-02esp.pdf 1 Citation
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The Summit of the Americas: Obama?s Open-Hand Approach to Diplomacy 1 Citation This weekend leaders from across the Americas have made their way to Trinidad and Tobago for the fifth meeting of the Summit of the Americas to discuss the future relations between nations in North and South America, the Caribbean and between others interest groups in the region. The Summit is often the centerpiece for inter-governmental discussions and policy formations between nations in the region . The last few Summits have been dominated by the formation of multilateral and bilateral t, technorati.com
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