Press conference on co-operation between the Latin American development banks (l to r): Enrique Garcia, CAF president; Luis Alberto Moreno, IDB president; Jyrki Koskelo, IFC vice-president for Europe, central Asia, Latin America and the Caribbean and global financial markets; and Pamela Cox, World Bank vice-president for Latin America and the CaribbeanThe slump in capital markets activity and a decline in cash flow has pushed Latin America's multilateral development banks to prominence as the biggest and most robust lenders in some of the region's principal credit markets. Writer Jane Monahan in Washington, DC
The banking sector across emerging Europe is varied, and although even its most dynamic economies are being impeded by the slowdown, forecasts suggest they have the growth potential to bounce back, reports UniCredit Group's global economics, fixed income and foreign exchange research team.