World Bank

IDB and World Bank Hail Americas Free Trade Initiative

Sept 30 --The World Bank and Inter-American Development Bank (IDB) today welcomed an initiative launched by 12 countries in the Americas to promote free trade in the Western Hemisphere.

30 de septiembre de 2008

The “Pathways to Prosperity Initiative” was announced Thursday after leaders from Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Panama, Peru and the United States met in New York.

IDB President Luis Alberto Moreno and World Bank Group President Robert B. Zoellick hailed the initiative as a timely effort to defend Latin America’s hard-earned economic gains in the face of global financial instability. Trade has been a powerful tool for growth in this region, which has often relied on exports to recover from past crises.

Read the full press release here.