"Latin American nations will need $350 to $400 billion in 2010 to jumpstart their economies after the global financial crisis, a top World Bank official said Tuesday. World Bank Vice President for Latin America Pamela Cox said securing the cash will be challenging due to high demand as developed nations use massive amounts of capital for stimulating their own economies...." [Agence France Presse/Factiva]

El Nuevo Herald adds that "...according to Cox, the economic recovery of the region depends 'enormously' on the recovery of other world-wide economies. 'As the world economy improves, the demand and price of goods and exports will increase, which the region depends on for capital,' she emphasized...." [El Nuevo Herald (US)/Factiva]

In related news, NOTIMEX writes that "...Chile, Brazil, Colombia and Peru are the only Latin American economies that have the liquidity to apply economic policies that allow them to confront certain effects of the financial crisis such as unemployment, Cox said....She added that in this economic crisis the middle-class in Latin America are more exposed to unemployment than other classes...." [NOTIMEX (Mexico)/Factiva]