Lat Am prepared to face crisis, says OAS Leader

Montevideo, Mar 5 (Prensa Latina) Latin America is currently much better prepared than other times to confront the current international economic crisis, Secretary General of the Organization of American States Jose Miguel Insulza asserted Thursday in Montevideo.

In his opinion, the fact that crisis did not began in the region, the existence of macroeconomic and more solid policies, more developed and stable financial systems and more diversified markets make the difference this time.

We are going to be able to reasonably handle its effects, he said.

Insulza expressed the capacity to face the economic crisis varies in each country, but refused to mention those most vulnerable.

He also emphasized the American states must develop their potential through cooperation.

The OAS Secretary General will participate in the annual meeting of the Government Network of Latin America and the Caribbean, in session at the premises of MERCOSUR in Montevideo.