SANTIAGO, Chile - At the annual Inter-American Development Bank (IDB) conference in Santiago, Chile last month, debate whipped through a seminar as one speaker suggested that the IDB should increase lending to Latin American countries in order to ease the currently high spreads and lending rates.

The seminar, pertaining to the stunted growth throughout Latin America and the Caribbean and addressing what the governments can do to facilitate the region, was enlivened with the seemingly expected "provocative" statements from Ricardo Hausmann, professor of economic development at the Kennedy School of Government at Harvard University.

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