WORLD BANK CALLS FOR BETTER MANAGEMENT OF HYDROCARBON WINDFALL IN LATIN AMERICA
September 1st, 2010
BY KEITH NUTHALL
A WORLD Bank report has told Latin American countries with major hydrocarbon resources, such as Mexico and Venezuela, to diversify their economies by reinvesting windfall export earnings from emerging markets. 'Natural Resources in Latin America and the Caribbean: Beyond Booms and Busts?' says: "The challenge is...to dedicate those earnings to improving human capital, building better infrastructure and spurring innovation..."
Ends
A WORLD Bank report has told Latin American countries with major hydrocarbon resources, such as Mexico and Venezuela, to diversify their economies by reinvesting windfall export earnings from emerging markets. 'Natural Resources in Latin America and the Caribbean: Beyond Booms and Busts?' says: "The challenge is...to dedicate those earnings to improving human capital, building better infrastructure and spurring innovation..."
Ends
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