[DEBATE] : (Fwd) What happened to the Latin American state left?

[Patrick Bond]

Bigger and better Bretton Woods Institutions? Oh noooo....

-------- Original Message --------
Subject: 	Press Review for Tuesday, March 3, 2009
Date: 	Tue, 03 Mar 2009 10:53:24 -0500
From: 	World Bank Press Review <newsbureau at worldbank.org>
Reply-To: 	World Bank Press Review <newsbureau at worldbank.org>
To: 	Patrick Bond <pbond at sn.apc.org>


This summary is prepared by the External Affairs Department of the World Bank. All material is taken directly from published and copyright wire service stories and newspaper articles. The daily summary and other news can be found on the World Bank's external website at http://www.worldbank.org/news. For inquiries call (202) 473-7660 or send a written request to the News Bureau.

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Tuesday, March 03, 2009
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Today's Headlines:

* Latin America, Iberia Urge More Resources For Global Lenders
* IMF Chief Backs $540 Million Loan To Armenia
* SCB, IFC Sign Agreement To Support Pakistan SME Growth
* Press On With Efficiency Reforms: OECD
* About 24,000 Fishermen Die At Sea Annually: FAO Report

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Latin America, Iberia Urge More Resources For Global Lenders
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"Latin American, Spanish and Portuguese finance ministers on Monday urged international lending institutions to raise the financing they have disposable for emerging countries to fight the global economic crisis....Latin America is in a stronger position to face the global economic crisis than in previous years, but the ministers and officials from the World Bank and International Monetary Fund (IMF) warned that economic hardship could increase...." [Reuters/Factiva] 

Dow Jones adds that "...the region's economy has slowed sharply after several years of near 5 percent gross domestic product growth, World Bank Vice President for Latin America and the Caribbean Pamela Cox said in an interview with Dow Jones Newswires. 'Latin America is in good shape, but clearly it's starting to feel the impact of falling commodity prices,' Cox said. 'Since half of the growth we saw in Latin America over the last 5 years was due to commodity price growth, and these prices have fallen 60 percent since July 2008, clearly that has an impact,' Cox added...." [Dow Jones/Factiva] 

EFE reports that "...during the one-day meeting, the ministers also analyzed the agenda for the G20 summit in April in London. Four Ibero-American countries will attend the summit: Argentina, Brazil, Spain, and Mexico...." [EFE/Factiva]