SANTIAGO, Chile Panelists at this year's annual Inter-American Development Bank (IDB) conference cited bad credit as a major culprit in Latin America's difficulty in accessing the financial markets and argued that improving creditor rights is the best immediate step in the right direction.

According to an IDB report, 18 out of 20 Latin American countries noted that access to credit was the ultimate concern for entrepreneurs in the region. The IDB also said that countries with tighter credit constraints are unable to grow, and it is those areas that also experience an overall stunted growth.

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