IMF's Lipsky on outlook for L America & Caribbean

In the speech 'Improving the Outlook for Latin America and the Caribbean' given on 13 April John Lipsky of the IMF said the outlook for Latin America and the Caribbean region has been favorable but with some work it could be better still.
In the speech 'Improving the Outlook for Latin America and the Caribbean' given on 13 April John Lipsky of the IMF said the outlook for Latin America and the Caribbean region has been favorable but with some work it could be better still.

"The recent past bears witness to the conclusion that policies that maintain growth also are good for lowering income inequality. According to data from the Economic Commission on Latin America and the Caribbean (ECLAC), poverty rates have declined from 44 percent in 2002 to an estimated 38 percent in 2006. And though still high, income inequality has also fallen since the late 1990s, a rare development in Latin America over the last several decades."

Remarks by John Lipsky, First Deputy Managing Director, IMF Fourteenth "LAC Meets the Market" Conference World Bank, April 13, 2007.

Click here to read the speech

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