 |
“The countries of Latin America need to look for opportunities to make credit and mortgages more readily available” |
“In the US upwards of 65% of the population are home owners and this is something that countries in Latin America would like,” Hank Paulson, US Treasury secretary, told Euromoney during last month’s Inter-American Development Bank meeting in Miami. Paulson’s colleague, Anna Cabral, US treasurer, agrees. “The countries of Latin America need to look for opportunities to make credit and mortgages more readily available,” she says.
But as the US comes to terms with its sub-prime mortgage crisis, Cabral stresses that Latin nations need to act with caution in developing their mortgage markets.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
