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Thursday, March 23, 2023

Latin America has a very resilient and supervised financial system

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Goldfajn’s statements come on the eve of the opening of the 63rd IDB Annual Assembly in Panama.

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A potential impact from the bankruptcy of Silicon Valley Bank (SVB) and the problems with other financial entities in the United States and Europe, generates some uncertainty in Latin America.

The agenda of the Annual Assembly will focus on the fight against poverty and climate change to ensure sustainable and equitable growth.

There, the finance managers of the countries of the continent will meet a few days after the bankruptcy of the Silicon Valley Bank in the United States.

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“The economic and financial leaders of the 48 member countries of the IDB and the private sector will address the development challenges and opportunities in Latin America and the Caribbean”, highlighted the IDB in a statement.

The meeting will be held from March 16 to 19, 2023 and will take place at the Panama Convention Center.

During the event, seminars will be held on priority issues and will feature the launch of the region’s annual macroeconomic report, including topics such as poverty and inequality; the climate crisis and the green transition; biodiversity; gender, diversity and inclusion; sustainable and inclusive infrastructure; and regional integration.

Source: Ambito

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