Region gets financial assistance
Published:Thursday | April 23, 2009 | 1:05 PM
International development banks have pledged US$90 billion in loans to Latin American and Caribbean countries over the next two years, to help them fight the recession and stimulate growth.
The International Monetary Fund (IMF) says the region\'s economy will contract by 1.5 percent this year.
World Bank president Robert Zoellick says the financial institutions are seeking to ensure that economic gains made in the past five years are not lost as a result of the weakened world economy.