On the Record

The G-20 Summit and the Financial Crisis’ Impact on Latin America

As the global economic crisis continues, Senior Fellow Mauricio Cárdenas, director of the Latin America Initiative, says emerging economies in Latin America and elsewhere are hit especially hard. He says G-20 members must urge the multilateral banks, such as the World Bank and the Inter-American Development Bank, to continue lending to the region and adds that without such assistance the crisis will only worsen.

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