It is estimated that almost 4 million ha were burned in the Chiquitania Region and over 5 million ha were affected in all of Bolivia. At the end of August, we were called by the government of Bolivia along with other international financing entities, to coordinate efforts in support of the urgent...
LIBOR used to be known, somewhat hyperbolically, as “the most important figure in the world”. In fact, the rate still determines the interest rate in the performance of different types of global financial operations representing more than $360 trillion US dollars. The “London Interbank Offered Rate”...
I am fortunate to have been the head of FONPLATA in one of the most important stages in the history of this Institution. Not so long ago, this Institution was a financial fund, and in just a few years, we have turned it into a modern and dynamic regional development bank already at the same level as...
By the end of last year, the Inter-American Development Bank (IDB) published an analysis report on energy in Latin America and the Caribbean. The most outstanding fact revealed by the report is that in 20 years the energy demand in the region will increase by 100%. To meet this demand, huge...
I have just been in Washington DC, at the Spring Meetings of the World Bank and the International Monetary Fund, an annual meeting of the two key agencies of the world’s financial system, in which the current situation of the world economy and the perspectives for the future are analyzed. It is a...