Finance ministers from Latin America and the Caribbean and international lending agencies have been meeting in Washington to discuss policy options to promote inclusive financial systems and deeper regional integration to help strengthen economic growth prospects.

The Inter-American Development Bank (IDB) said its senior officials, as well as those from the International Monetary Fund (IMF), the World Bank (WB) and the US Treasury Department, met at IDB headquarters on Wednesday on the issue.

The IDB said while Latin America and the Caribbean is expected to post 1.0 per cent growth this year, accelerating to 1.9 per cent in 2018, the region’s growth potential has dropped to 2.5 per cent from an estimated 4.1 per cent in 2012.

“Fostering sustainable economic growth is the greatest challenge of our time,” said IDB President Luis Alberto Moreno in addressing the Ninth Meeting of Finance Ministers of the Americas and the Caribbean.

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