Costa Rica: Integration in Central America Would Spur Growth

Costa Rica

Sunday, June 17, 2007

 

Integration in Central America Would Spur Growth

Bloomberg Printer-Friendly Page: "Robert Zoellick, the U.S. nominee to replace Paul Wolfowitz as president of the World Bank, said economic integration among Central American countries would help spur growth in the region.

Countries such as Mexico, Honduras, Guatemala and Costa Rica should unite efforts aimed at countering competition from China and Southeast Asia, Zoellick told reporters today in Mexico City. Such an effort would help overcome poverty, he said.

``If the World Bank can help use regional integration in developing growth to help face that competition and to overcome poverty, that will be a success,'' Zoellick said.

Zoellick, 53, met earlier today with Mexico's Finance Minister Agustin Carstens and his counterparts in Honduras, Guatemala, the Dominican Republic and Costa Rica to discuss these topics.

Zoellick, a former U.S. trade representative, also said that one of his goals at the World Bank will be to fight corruption in the developing world that deepens poverty."

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