Author: mcelhinny

Global Crisis is Good News for IFIs in Latin America

The World Bank and Inter-American Development Bank (IDB) have announced dramatic increases in lending to Latin America in the wake of the global credit squeeze triggered by the U.S. financial collapse. Crowded

CAFTA: Few Benefits, Many Costs

The U.S.-Central American Free Trade Agreement (CAFTA) is the first subregional trade agreement of its kind. Trade between the U.S. and Central America is about $13.4 billion per year. 1 The U.S.