Monday, March 19, 2012

Reuters: Deals: IADB launching $1 billion investment fund with China

Reuters: Deals
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IADB launching $1 billion investment fund with China
Mar 19th 2012, 16:37

President of the Inter-American Development Bank (IADB) Luis Moreno gestures during a Reuters interview in Montevideo, March 17, 2012. The IADB, in its latest annual outlook released on Sunday, said the region's fortunes would depend in large part on prices for commodities and demand from its biggest buyer - China. The economy of Latin America and the Caribbean should grow 3.6 percent this year, down from recent rates above 5 percent as slower expansion in China, a soft recovery in the United States and debt woes in Europe weigh on the global economy. Picture taken March 17, 2012.

Credit: Reuters/Andres Stapff

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