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The World Bank Annual Report 1998 : Latin America and the Caribbean

By The World Bank

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Book Id: WPLBN0000189429
Format Type: PDF eBook
File Size: 0.3 MB
Reproduction Date: 2005

Title: The World Bank Annual Report 1998 : Latin America and the Caribbean  
Author: The World Bank
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Bank, T. W. (n.d.). The World Bank Annual Report 1998 : Latin America and the Caribbean. Retrieved from


The Latin America and Caribbean (LAC) region?s economic growth is expected to fall from 5 percent in 1997 to under 3 percent in 1998 because of spillover effects from the East Asian financial crisis and partly because of damage from the El Nino weather pattern. However, because countries responded with appropriate action, the region was spared the more serious contagion effects of the crisis. In fiscal 1998 the Bank continued to assist client countries to reduce poverty. Much of the effort focused on enhancing economic growth by improving human and social development, strengthening public finances and financial markets, improving regulatory policies, and modernizing public sectors. In addition, the Bank supported targeted poverty reduction and environmental programs. The Bank also improved the quality and effectiveness of its operations and advisory services through closer contact with, and greater participation of, borrowers and beneficiaries.


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