Washington, Jul 31 (Prensa Latina) The Latin American currencies will face in the future more violatility, specially when the United States changes its monetary policy and increase its interest rates, warned the International Monetary Fund today.
In a press conference about the economic situation in Latin America, Managing Director of the IMF, Christine Lagarde, said that the region will also be affected by a fall in the prices of raw materials and a smaller demand from China.

However, Lagarde ruled out any economic recession in Latin America, and forecasted an increase in its GDP of 0.5 percent, which is reliable for an increase of 1.7 percent next year.

In Latin America, as in other regions, every economy has its own characteristics, she commented, though they are all suppliers of basic goods, raw materials, and clearly they have failed to have the benefits of a decade of high prices that boosted growth, she said.

Lagarde said most Latin American currencies have registered a considerable depreciation against the dollar, in view of the anticipated increase of interests in the United States.

She highlighted, however, the measures implemented by the governments of Brazil, Colombia and Peru to restore confidence and reinforce fiscal positions that are on the right course now.