BID: "to the on track"

The President of the Inter-American Bank of development (IDB), Luis Alberto Moreno, said that the Latin American region "is going in the right direction", but must be protected by the "vulnerability" to external such as the European financial crisis and the US fiscal deficit risks.

"Latin America goes in the right direction." "We have stronger economies, with a strong position in foreign currency, low levels of debt and a solvent and well regulated financial sector," explained in its year-end report before the Executive Board of the Agency International

He said that, despite the fact that the uncertainty at the international level reduced the pace of global during 2011, recovery Latin American and Caribbean economies maintained a rate of growth of 4.3 per cent on average.

Moreno, who was Ambassador of Colombia in Washington, however, reiterated that the challenges of Latin America remain in infrastructure, education and u000aresearch scientific.

It also valued the growing context of political stability in the region.

"We have democratic Governments that are more effective in the reduction of structural poverty, coverage of public services and the provision of infrastructure," it said in a statement from press.

Also reported that the IDB approved a total of 162 operations that exceed $ 10,800 million and disbursed about 8,300 million in 2011.

By sectors, infrastructure projects and environment accounted for 61%, institutional strengthening and 29% finance, programmes social 9% and the integration and trade the remaining 1%.

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