August 1, 2001
After decades of inconsistent development, the economies of Latin America as a whole are progressing steadily in an environment marked by dynamic change. On an almost daily basis one can see the results of important structural changes taking place, from the impact of technology, to privatization, to market deregulation, to increased integration among countries within the region and across the globe. Latin America remains one of the most challenging and promising areas of the world in which to do business.
Following solid economic performance in 2000, Latin America now confronts a complex external environment in which demand for the region's exports has slowed, non-fuel commodity prices
Latin American economies have grown more sophisticated, governments are more stable and market regulations have eased. Taken together, these changes mean an improved environment for growth in the region's financial services industry.