End the Credit Squeeze on Latin America’s Poor
"The U.S. can smooth the way to broader financial access by easing its enforcement of stringent 'know-your-customer' rules."
Over the past two decades, democracy has taken hold in the vast majority of Latin American countries. Notwithstanding an anti-market backlash led by Venezuela, the region as a whole has benefited from stable economic policies and improved growth rates. Yet these gains remain imperiled by persistent poverty and income inequality.
According to a May 2008 report from the Council on Foreign Relations (CFR) Task Force on U.S.-Latin American relations, to which I contributed as the president and CEO of ACCION International, economic growth in