Exit strategy: change is in the air. Decisions at the top of some of the region's most influential non-governmental bodies could mean a revolution in aid and development policies--or nothing at all. Here's a look at who's coming and going.DEAR SHAREHOLDER... * CATERPILLAR caterpillar (kăt`əpĭl'ər, kăt`ər–), common name for the larva of a moth or butterfly. Caterpillars have distinct heads and are segmented and wormlike. Caterpillar, the world's largest maker of construction and mining equipment, reported US$2.49 billion in Latin Lat·in n. 1. a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century. b. American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of sales for 2004, an annual increase of 37.1%. Sales in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. grew more than in any other region. Caterpillar expects another 12% to 15% bump in sales and revenues in 2005. * ERICSSON Er·ics·son , John 1803-1889. American engineer and inventor who built the first ironclad warship, the Monitor (1862), which engaged the Confederate Merrimack in a famous naval battle of the Civil War (March 9, 1862). Global sales rose 12% in 2004 for Swedish telecom equipment maker Ericsson. Argentina Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. and Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. helped make Latin America once again its hottest region, with sales of US$2.19 billion. Ericsson credits growth in mobile infrastructure investment for the increase. * CARREFOUR Latin America was good news for French supermarket supermarket Large retail store operated on a self-service basis, selling groceries, produce, meat, bakery and dairy products, and sometimes nonfood goods. Supermarkets were first established in the U.S. during the 1930s as no-frills retail stores offering low prices. Carrefour. Sales rose 4.2% from 2003 on strong growth in Brazil and Argentina as well as steady numbers from Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. and Colombia Colombia (kəlŭm`bēə, Span. kōlōm`byä), officially Republic of Colombia, republic (2005 est. pop. 42,954,000), 439,735 sq mi (1,138,914 sq km), NW South America. Bogotá is the capital and largest city. . It opened three hypermarkets and 55 discount stores in the fourth quarter of 2004.
Exit Strategy
Change is in the air. Decisions at the top of some of the region's most
influential non-governmental bodies could mean a revolution in aid and
development policies--or nothing at all. Here's a look at who's coming
going.--Greg Brown
In charge Next stop Replacement
Miguel Angel Rodriguez Court; former Costa In the running: Chilean
(Costa Rica) Rican president is Interior Minister Jose
Organization of embroiled in Miguel Insulza; Mexican
American States corruption scandal Foreign Minister Luis
back home Derbez; former
Salvadoran President
Francisco Flores
Enrique Iglesias Term expires in Possible: Bolivian
(Uruguay) 2008, but rumored to Enrique Garcia,
Inter-American be considering a president of
Development Bank post elsewhere. No Corporacion Andino de
decisions likely Fomento; a Brazilian
till end of 2005 could be selected, but
no names yet
James Wolfensohn Could head back to Possible: Carly
(United States) Wall Street, but Fiorina, ousted head of
World Bank plenty of academic U.S. tech giant HP;
and development U.S. Deputy Secretary
posts beckon of Defense Paul
Wolfowitz; online
gambling sites posting
odds on Irish rock star
Bono
Supachai Panitchpakdi Expected to head the Nominees: Carlos Perez
(Thailand) United Nations del Castillo (Uruguay);
World Trade Conference on Trade Jaya Krishna Cuttaree
Organization and Development (Mauritius); Luiz
Felipe de Seixas Correa
(Brazil); Pascal Lamy
(France)
In charge Quote
Miguel Angel Rodriguez "Democracy is always fragile
(Costa Rica) because it does not rely on the
Organization of strength of the powerful." (LATIN
American States TRADE)
Enrique Iglesias "We are constantly examining
(Uruguay) why there is still such wide ine-
Inter-American quality in the region. That is our
Development Bank biggest challenge." (The Banker)
James Wolfensohn "My hope is there is a recognition
(United States) now on behalf of the rich world
World Bank that they cannot continue to be
rich if the world is destabilized by
poverty." (The Guardian)
Supachai Panitchpakdi "It is only the WTO which can
(Thailand) improve global rules for the con-
World Trade duct of trade." (LATIN TRADE)
Organization
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