25 years of the Inter-American Development Bank

From 1974, under pressure from the new trends in the world economy, international public financing began gradually to lose its relative importance for the Latin American countries. The growth of international monetary liquidity gave the international banking system an unfamiliar weight in absolute and relative terms. However, the world recession persisted, and it became evident that our countries must again seek a response to their needs in bodies such as the InterAmerican Development Bank.