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Growing Support for Latin America and the Caribbean
The global financial crisis has affected economic growth in several countries in Latin America and the Caribbean, threatening to reverse recent poverty gains as well as economic and fiscal advances.
The Inter-American Development Bank worked closely with countries in the region to provide additional financing and policy advice to governments and the private sector. The aim is to lessen the impact of the global financial crisis and provide budget support to help ensure economic stability.
To help countries, the IDB has been providing support in these areas:
Increase in lending
The poorest nations in the region are receiving special attention from the IDB during the crisis. More
Safety Nets
The IDB supports the creation and expansion of social safety nets in the region to protect the most vulnerable. More
Trade Support
The IDB considers increased trade a key tool for economic growth and development in the Latin America and the Caribbean. More
