• Our products
  • Trend Media Service
  • News terminal

Media service

  • Trend Media Service

For clients

  • How to subscribe
  • Instant paid access
  • Support service

Ads placement

  • Banner platforms on the website

Company

  • About company
  • Vacancies

Communications

  • Reference
  • Achievements

Trend in social networks

  • Facebook
  • Twitter
  • Youtube
  • Telegram
  • RSS
  • IOS
  • Android

Our services

  • Trend News Terminal
  • Trend Daily News
  • Caspian Oil & Gas Trend’s
  • Monthly Azerbaijan Business Monitoring
  • Weekly Azerbaijan Business Monitorings
  • Caspian, Turkey Building & Logistics Monitoring
  • Azerbaijan Energy Projects Review
  • Trend Banking Analytics
  • Iran Energy Economy Review
  • Central Asia Economic Business Monitoring
  • Weekly Tenders Report
  • Azerbaijan non-oil Review
  • Azerbaijan Monthly IСT Monitoring
  • Regional Finances

Media

  • Trend Politics
  • Trend Society
  • Trend Economy
  • Trend Energy
  • Trend ICT
  • Trend Tourism
  • Trend Culture

Contacts

  • Bakhtiyar Vahabzade Str., 14, Baku, Azerbaijan, AZ1141.
  • sales@trend.az
  • + 994 12 437-12-68
ORDER TRIAL VERSION
  • RU
  • AZ
  • EN
  • TR
  • FA
  • Login
  • Sign up
Trend.Az
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Economy news
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Analysis
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Economy news
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Analysis
  • Trend Photo
  • Home
  • Business
  • Economy news

Latin America needs infrastructure, fiscal reform

16 April 2008 04:10 (UTC+04:00)
  • 0
  • 0

(dpa) - Latin America needs to invest in infrastructure and carry out fiscal reforms to promote development, OECD Development Centre Director Javier Santiso said Tuesday in the Mexican resort of Cancun.
"China invests 10 per cent of its gross domestic product in infrastructure, and in Latin America the figure is 2 per cent," Santiso said at the World Economic Forum on Latin America.
In a press conference, he said that new fiscal policies are needed, too, but stressed that such reforms must be long term.
The Organization for Economic Cooperation and Development (OECD) presented in Cancun its Latin American Economic Outlook 2008, which was made public in November, mentioning four key issues for development: fiscal policy, pension reform, investment in telecommunications and trade relations with China and India.
Venezuelan analyst Moises Naim said that fiscal reform undertaken by countries across the region has moved forward at varying speed, and in some cases has not achieved the desired objectives.
He predicted that governments are likely to feel strong future pressure to subsidize food, which will cause unbalanced fiscal policy.
The forum, which ends Wednesday, attracted a score of leftist protestors, who waved Mexican flags and fake dollar bills and wore masks of US President George W Bush and Mexican President Felipe Calderon and his predecessor, Vicente Fox.

Follow Trend on Telegram. Only most interesting and important news

Azernews Newspaper
Category news
Largest European banks issue loan for Lukoil's Kandym gas plant in Uzbekistan
Oil&Gas 19 April 22:46
Demand for Azerbaijan Mortgage Fund's bonds exceeds supply
Economy news 19 April 22:05
Azerbaijan reveals cost of holding Expo 2025 in case Baku's candidacy approved
Economy news 19 April 21:20
Uzbekistan increases export of textile products
Economy news 19 April 21:02
World Bank capital boost does not specify China lending cut - Kim
China 19 April 20:35
Greece announces preferred investor for acquisition of DESFA’s 66% share
Economy news 19 April 18:49
EBRD, EU launch Regional Small Business Program in Tajikistan
Economy news 19 April 18:20
Yandex to support sale of Uzbek goods in Russia
Economy news 19 April 18:19
Azerbaijani company to reconstruct water intake in Kazakhstan
Economy news 19 April 18:05
Turkey ready to consider creation of joint FEZ with Azerbaijan (Exclusive)
Economy news 19 April 17:45
Islamic Corporation for Development of Private Sector inks bilateral agreement with Sumitomo Mitsui Banking Corporation
Economy news 19 April 17:40
Russian retail store network seeks to expand activity in Azerbaijan
Economy news 19 April 17:29
Currency trades at Kazakhstan Stock Exchange on April 19
Economy news 19 April 17:19
Azerbaijan announces manat rate for April 20
Economy news 19 April 17:14
Uzbekistan, Russia may sign agreement on construction of nuclear power plant soon
Oil&Gas 19 April 16:57
Russia’s aluminum deliveries to Japan halted over US sanctions
Russia 19 April 16:35
Yield fees for life insurance significantly increases in Azerbaijan
Economy news 19 April 16:17
Minister: Turkey hopes for multibillion investments from Azerbaijan (Exclusive)
Economy news 19 April 16:10
Most popular
Turkey’s Central Bank transfers its gold reserves from US to Turkey
Turkey’s Central Bank transfers its gold reserves from US to Turkey
Russian General Staff head to meet with NATO top commander in Baku
Ankara takes action against expected US sanctions
Turkey sees no obstacles to switching to national currency in trade with Azerbaijan - minister (Exclusive)
Commentary
Ankara takes action against expected US sanctions

Ankara takes action against expected US sanctions

Why does Turkey need snap elections?
Azerbaijan to create better conditions for fintech companies
Middle East turns into West’s military training ground
Trend.Az
  • About
  • Our Team
  • Our products
  • Trend Media Service
  • Info Service
  • News archive
Contacts
14, Bakhtiyar Vahabzade, Baku, Azerbaijan, AZ1141
+(994 12) 497-31-72
news@trend.az
+(994 12) 497-30-89
© 2018 Trend News Agency
Terms of use
  • counter