As growth in other major economic zones has halted or slowed, Latin America is poised to be the next big trade frontier. Fueled by continued global demand for commodities, a growing population of middle-class consumers, and ongoing infrastructure development, perhaps best exemplified by Brazil’s preparations for the 2014 World Cup and 2016 Summer Olympic Games, growth drivers are strong. However, the region’s success is not guaranteed. In order to deliver on its potential and attract more long-term investment, the various governments of Latin America must work towards modernizing their approach to trade finance.
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