Latin America to Snare up to $43 Billion in 2004

Cash flow into Latin America –mostly drawn by the travel industry- could peak $43 billion this year, up $19 billion from 2003, the International Institute of Finance (IIF) reported today.

The institute, formed by the world’s top banks, explained capital flows to emerging markets could reach similar levels to those seen before the Asian crisis that swept that region between 1997 and 1998.