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Panama Canal Locks in Multilateral Cash

Dec 11, 2008

In the face of a credit crunch that has derailed financing plans for numerous projects throughout the region, the Panama Canal Authority has obtained $2.3bn in financing from multilateral banks to expand...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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