Home / Knowledge / News / Planned policies vital for non-regional nations - Pres Moreno
Planned policies vital for non-regional nations - Pres Moreno
Jan '08
Moreno and Suker
Moreno and Suker
President Luis Alberto Moreno told the non-regional member countries of the Inter-American Development Bank (IDB) to consider different options and loan instruments as they meet to discuss the region's challenges and how best to address them.

"For the first time in decades, we are having these discussions in the context of a favorable economic outlook for Latin America and the Caribbean (LAC)," said Moreno.

Moreno addressed representatives from the 19 non-regional member countries of the Bank during their annual meeting being held on 22nd and 23rd Jan in Zagreb, Croatia.

"With recent financial papers filled with the difficulties faced by the global banking industry, let me begin our meeting on an optimistic and positive note, " added Moreno.

He summarized LAC's economic performance in the past five years, during which countries in the region grew at a pace of 5 percent per year on average - a historically high figure the region hasn't seen since the 1970s.

In 2007, unemployment and poverty in the region continued to drop, with the rates for poverty and extreme poverty falling for the fourth consecutive year. Inflation was held at moderate levels in nearly all countries, and fiscal and external balances were, in some cases, at historic highs.

"Nonetheless, there still are important challenges which many Latin American and Caribbean countries must face and resolve in their quest for sustained growth," said Moreno, addingthat average growth between 2002 and 2006 had been positively impacted by external factors such as higher commodity prices and lower interest rates.

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search