The IDB and the Caribbean

[NewsWhore]

The Inter-American Development Bank has announced that it intends to ease the impact of the higher oil prices and food stocks on the international markets. IDB governor Luis Alberto Moreno announced the bank's plans during his closing speech at the 49th Annual Assembly of Governors in Miami, Florida. During the sessions, the Bahamas and the Dominican Republic highlighted the difficulties facing Central America, Panama, Belize and most of the Caribbean islands due to the increasing costs of oil and basic foodstuffs such as wheat and corn. The Dominican delegation suggested that the bank take a close look "at the negative impact (on the area) due to the high oil prices, the catastrophic events associated with climate change and the slowing down of the US economy."

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