PANAMA CITY (Reuters) – Latin America has a “very resilient and well-managed” financial system, Inter-American Development Bank President Ilan Goldfajn said on Wednesday, following the collapse of Silicon Valley Bank, which has roiled markets. “We hope that we are prepared for what is coming in the region, that it’s not a surprise,” Goldfajn added, speaking […]
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LatAm has ‘resilient’ financial system, IDB president says after SVB collapse
PANAMA CITY (Reuters) – Latin America has a “very resilient and well-managed” financial system, Inter-American Development Bank President Ilan Goldfajn said on Wednesday, following the collapse of Silicon Valley Bank, which has roiled markets.
“We hope that we are prepared for what is coming in the region, that it’s not a surprise,” Goldfajn added, speaking at an IDB meeting in Panama City.
(Reporting by Milagro Vallecillos; Writing by Kylie Madry)