Latin America—Taking the Helm


By Christine Lagarde

Managing Director of the International Monetary Fund

(Version in Español)

The eyes of the world are locked on Europe these days. This is understandable. After all, the storm in the euro area casts a long shadow over the entire global economy.

But the IMF has 187 members, and my job is to serve each and every one of them as effectively as possible. For this reason, I am making it a point to visit the different regions of the world—to discuss, to listen, to learn.

This week, I am visiting three important countries in Latin America—Brazil, Mexico, and Peru—a trip coinciding with the transfer of leadership in the Group of 20 to Mexico. Like so many in the region, these countries have done remarkably well over the past few years. They have harvested the fruits of strong fundamentals, sound policy frameworks, and prudent macroeconomic policies and are now enjoying sustained growth with reduced vulnerabilities—an enviable sweet spot.

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IMF Launches Spanish-language Blog for Latin America


The International Monetary Fund today launched its Spanish-language blog for Latin America,  Diálogo a Fondo.

The blog will focus on international issues and economic topics related to Latina America.  The first post is by Nicolás Eyzaguirre, head of the IMF’s Western Hemisphere Department, on the outlook for Mexico. He writes that Mexico’s strong economic institutions helped the country get through the global economic crisis and its economy is now recovering well.

The new Spanish-language blog complements the IMF’s English-language blog, iMFdirect—the Fund’s global economy forum.

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