Latin America to escape worst of subprime hit

Latin America is likely to emerge from the current bout of global market turmoil relatively unscathed, said Anoop Singh, the director of the Western Hemisphere Department at the International Monetary Fund.

"The investments that policymakers have made in recent years-to lower fiscal deficits, build international reserves, improve the structure of public liabilities, strengthen bank supervision and regulation, and build credibility in their monetary frameworks-are now going to show their true

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