Latin America and Caribbean Poised for Stronger Growth

Latin America and the Caribbean are expected to experience stronger growth due to an agreement between the US, Canada, and 10 countries to strengthen regional supply chains. Vanguard Group plans to open an office in Miami to cater to Latin American clients who want to move part or all of their wealth offshore. UIB has expanded its operations in South America with the opening of two new companies in Peru. Corporacion Andina de Fomento (CAF), a Latin American development bank, is seeking new members from Europe, the Middle East, and Asia to finance projects in the region. The IDB has launched an initiative to encourage more U.S. companies to bid on and supply its development projects in Latin America and the Caribbean.