Latin American Private Sector Upbeat on Region's Growth

Despite modest projections on their region’s growth, Latin American businessmen were upbeat about the region’s performance and resilience amid the global financial crisis, noted Lilian Rojas-Suarez of the Center for Global Development.

Rojas-Suarez observed such optimism in Latin America’s private sector in the three-day World Economic Forum on Latin America early this month, where investors appeared positive about the region’s prospects for growth.

The prevailing view among investors was that Latin America had been able to deal with the global financial crisis effectively. A point often underlined: Contrary to previous episodes of adverse external shocks, this time not a single financial system in the region experienced a crisis.

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  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.