WASHINGTON, Feb. 2 (UPI) -- The International Monetary Fund announced Wednesday that it had voted to release $350 million of a $13.3 billion program to roll over outstanding IMF loans to Argentina. That decision reportedly met with considerable opposition in the IMF's board, since A

WASHINGTON, Oct. 1 (UPI) -- An International Foundation for Liberty/Cato Institute seminar Tuesday was suitably pessimistic on Latin America's economic prospects, but unenlightening, blaming the region's problems on long term cultural attitudes. As Spain has shown, this is nonsense;

QUERETARO, Mexico, Feb. 27 (UPI) -- It was midnight yet hot air streamed through the fully open window of the taxi as we wound our way along the coast road in Baja California that traces a thin line between the emptiness of ocean and desert. I had told the taxi-driver, a polite and friendly

WASHINGTON, Dec. 9 (UPI) -- Traditionally, U.S. banks "redlined" certain inner-city areas, refusing to lend to inhabitants thereof because they believed nobody living there could be an acceptable credit risk. As the political and economic situation in Latin America deteriorates, the

WASHINGTON, Aug. 12 (UPI) -- Clearly, the IMF's $30 billion bail-out of Brazil will cost Western taxpayers money. The only question is whether it will do more harm than good to Brazil itself.

WASHINGTON, April 12 (UPI) -- Six months ago last Tuesday, I published in my weekly "Bear's lair" column an analysis of the deepening gloom facing Latin America's future -- attached at the e

WASHINGTON, Oct. 9 (UPI) -- Emerging markets are all suffering from the aftermath of the September 11 outrage and the U.S. recession, but of all emerging market regions, the one with the greatest long term problems may be Latin America.