Inter-American Development Bank

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Haiti Quake Caused $14B in Damage: Study

Natural disaster one of worst ever, compared to size of country

(Newser) - Haiti’s earthquake caused up to $14 billion in damages, or 117% of Haiti’s annual economic output, according to a new study from the Inter-American Development Bank. That makes it the most costly natural disaster since World War II, relative to the size and economy of the affected country.... More »

Chinese Influence Grows in Latin America

Deal by deal, Sino-South American relationships erode U.S. clout

(Newser) - Stepping into a gap created by the 1-2 punch of Bush administration neglect and worldwide recession, China is pumping billions of dollars into Latin America, helping to shore up slowing economies while the US plays catch-up in the region, the New York Times reports. "This is how the balance... More »

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