IMF's Rato on economic development in the Americas

In a speech on 'Opportunities and challenges for economic development in the Americas' given on 20 April, Rodrigo de Rato of the IMF said Latin America is likely to see a further decline in inflation in 2005.

"Despite higher prices of oil and some commodities, inflation has remained relatively low, approaching 6.5 percent last year, with a further decline projected for 2005," IMF Managing Director Rodrigo Rato told investors at the Yale Club in New York.

Rato said countries should ensure that

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