IMF's Rato at the conference on Central America

In a speech given on 9 July Rodrigo Rato of the IMF said that "our research has clearly shown that small open economies benefit enormously from globalization, as long as they are well prepared for it. In particular, we have found that poverty declines in response to global integration when economies are flexible, allowing resources to shift into areas of growth.

"The countries in Central America have already made good progress with this agenda. I commend the strong reform program being

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