The man who once ran Latin America’s healthiest economy has some advice for Puerto Rico: adopt a “fiscal rule” that slashes debt by setting surplus targets over the long term so the commonwealth has room to spend more during recessions.
WASHINGTON — Several hundred people packed the Chilean ambassador’s residence Thursday night to celebrate as Haitian politician Gérard R. Latortue received Chile’s highest honor for foreign nationals, the prestigious “Órden al Mérito.”
WASHINGTON — Move over, Asian tigers. It looks like the four so-called “Pacific Pumas” — Chile, Colombia, Mexico and Peru — have become the latest darlings of the investor crowd.