KEY INDICATORS.

                              KEY INDICATORS
                           LATIN TRADE INDEX [*]
                                         % CHANGE
                                    JANUARY 99/00
Total Trade Jan. 00 US$42.7 billion         19.3%
Exports     Jan. 00 US$21.8 billion         27.1%
Imports     Jan. 00 US$20.9 billion         12.1%
ARGENTINA
Inflation (annual rate)      Jan. 99/Jan. 00    -1.4%
Interest Rate                January 00          7.9%
Reserves (US$ millions)      December 99       26,252
Dollar Value (Peso)          March 10            1.00
BAHAMAS
Inflation (annual rate)      Sept. 98/Sept. 99   1.1%
Interest Rate                December 99         3.8%
Reserves (US$ millions)      January 00           415
Dollar Value (Dollar)        March 10            1.00
BELIZE
Inflation (annual rate)      Jan. 98/Jan. 99    13.3%
Interest Rate                November 99         8.0%
Reserves (US$ millions)      December 99         71.3
Dollar Value (Dollar)        March 10            2.00
BOLIVIA
Inflation (annual rate)      Jan. 99/Jan. 00     3.5%
Interest Rate                January 00         11.3%
Reserves (US$ millions)      January 00           887
Dollar Value (Boliviano [*]) March 10            6.05
BRAZIL
Inflation (annual rate)      Dec. 98/Dec. 99     8.9%
Interest Rate                December 99        18.9%
Reserves (US$ millions)      December 99       34,796
Dollar Value (Real)             March 10         1.74
CHILE
Inflation (annual rate)      Jan. 99/Jan.00      2.8%
Interest Rate                December 99         8.1%
Reserves (US$ millions)      December 99       14,407
Dollar Value (Peso [*])      March 10          505.48
COLOMBIA
Inflation (annual rate)    Jan.99/Jan.00     8.5%
Interest Rate              December 99      16.1%
Reserves (US$ millions)    December 99      7,644
Dollar Value (Peso [o])    March 10         1,960
COSTA RICA
Inflation (annual rate)    Nov.98/Nov.99     9.5%
Interest Rate              January 00       13.8%
Reserves (US$ millions)    January 00       1,414
Dollar Value (Colon)       March 10        301.99
DOMINICAN REPUBLIC
Inflation (annual rate)    Sept.98/Sept.99   5.3%
Interest Rate              December 99      16.7%
Reserves (US$ millions)    January 00         621
Dollar Value (Peso [d])    March 10         16.04
ECUADOR
Inflation (annual rate)    Jan.99/Jan.00    78.1%
Interest Rate              December 99      50.4%
Reserves (US$ millions)    January 00       1,630
Dollar Value (Sucre [d])   March 10        24,998
EL SALVADOR
Inflation (annual rate)    Jan.99/Jan.00    -0.5%
Interest Rate              December 99      10.7%
Reserves (US$ millions)    December 99      2,004
Dollar Value (Colon [d])   March 10          8.78
GUATEMALA
Inflation (annual rate)    Jan.99/Jan.00     5.3%
Interest Rate              January 00       10.1%
Reserves (US$ millions)    January 00       1,182
Dollar Value (Quetzal)     March 10          7.73
HAITI
Inflation (annual rate)    Dec.98/Dec.99     9.7%
Interest Rate              December 99       9.6%
Reserves (US$ millions)    August 99         81.2
Dollar Value (Gourde)      March 10         17.96
HONDURAS
Inflation (annual rate)    Dec.98/Dec.99    10.9%
Interest Rate              October 99       19.3%
Reserves (US$ millions)    January 00       1,288
Dollar Value (Lempira [d]) March 10         14.75
MEXICO
Inflation (annual rate)    Jan. 99/Jan. 00      11%
Interest Rate              January 00          7.0%
Reserves (US$ millions)    January 00        33,643
Dollar Value (Peso)        March 10            9.31
NICARAGUA
Inflation (annual rate)    Dec. 98/Dec. 99     7.2%
Interest Rate              December 99         9.9%
Reserves (US$ millions)    December 99          510
Dollar Value (Cordoba)     March 10           12.46
PANAMA
Inflation (annual rate)    Dec. 98/Dec. 99     1.5%
Interest Rate              November 99         6.8%
Reserves (US$ millions)    December 99          823
Dollar Value (Balboa)      March 10            1.00
PARAGUAY
Inflation (annual rate)    Dec. 98/Dec. 99     5.4%
Interest Rate              December 99        15.5%
Reserves (US$ millions)    January 00           930
Dollar Value (Guarani [d]) March 10           3,500
PERU
Inflation (annual rate)    Jan. 98/Jan. 99     3.8%
Interest Rate              January 00         14.4%
Reserves (US$ millions)    December 99        8,731
Dollar Value (Sol [d])     March 10            3.41
TRAINIDA/TOBAGO
Inflation (annual rate)    Sept. 98/Sept. 99   2.3%
Interest Rate              October 99          7.9%
Reserves (US$ millions)    November 99          854
Dollar Value (Dollar)      March 10            6.27
URUGUAY
Inflation (annual rate)    Dec. 98/Dec. 99      42%
Interest Rate              December 99        13.0%
Reserves (US$ millions)    November 99        2,011
Dollar Value (Peso [m])    March 10           11.55
VENEZUELA
Inflation (annual rate)    Jan. 99/Jan. 00    19.3%
Interest Rate              December 99        17.9%
Reserves (US$ millions)    December 99       12,277
Dollar Value (Bolivar [d]) March 10           664.8
INTERESTRATE: Data measured by the average,
in the indicate period, in percent per annum.
Bank deposit rate.
RESERVES DEFINITION: Excludes gold.
DOLLAR VALUE: Interbank sale and purchase
average rate or (c.)Commerdial, (d.)Free
Market, (m.)Market, (o.)Offical.
DATA: IMF: Individual countries; Bank of
America Global Trading, London; LATIN TRADE.
(*.)Combined Import and Export data from
pArgentina, Brazil, Chile, Columbia, Ecuador,
Mexico, Peru and Venezuela