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Development bank chief confident about Latin America’s economic recovery

Latin America can maintain regional financial stability in face of the international economic crisis with a strengthened financial system and controllable foreign debt, the chief of the Development Bank of Latin America (CAF) said Wednesday.
Both its satisfactory foreign debt status and social stability are positive signs that the region can shake off the lingering effects of the economic crisis, Enrique Garcia said in an interview with the Panamanian television channel TVN.

Taking Panama as an example, Mr. Garcia said launching infrastructure construction programs such as widening the Panama Canal and developing a subway system shows that the country has established a dynamic economy.

Mr. Garcia said inflationary factors are putting pressure on Panama as well as other countries in the region, but given that Panama has solid macro-economic conditions, its top priority should be to consolidate its growth model.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

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