IMF, World Bank & IFI Round-Up

    The IMF has said it expects Central America to avoid a recession in 2009 despite strong ties to the United States' economy. Alfred Schipke, IMF representative for Central America and mission chief for El Salvador, told Reuters he saw public spending and inter-regional trade helping Central America compensate for failing remittances from the US. About half of the region's trade is with the United States, which is facing a prolonged recession, but the IMF applauded careful financial management in the region."Growth will slow but we don't see a recession," Schipke said.

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