Chilean Economy Posts Strong First Quarter Growth

18 May 2011

On May 18, 2011, the Central Bank of Chile reported that the Chilean economy grew 9.8% in the first quarter of 2011.

Central Reserve Bank of Peru Raises Reference Interest Rate

13 May 2011

The Board of the Central Reserve Bank of Peru voted to approve an increase in the reference lending rate from 4.0% to 4.25%.

IMF Approves Credit Line Arrangement for Colombia

09 May 2011

On May 6, the Executive Board of the IMF announced that it approved an approximately US $6.22 billion flexible credit arrangement for Colombia.  It is expected that this credit arrangement will further protect Colombia's economic development from external shocks.