LATIN AMERICA — Region’s stock markets perform well

Six of the world’s top 10 performing (in terms of price appreciation) stock markets in 1991 were based in Latin American countries, says an International Financial Corp. report.

Heading the list were Argentina, up by almost 400% in U.S. dollar terms, and Colombia, up by 174%. Other Latin American nations making the top 10 were Brazil, Mexico, Chile and Venezuela.

During 1991, trading was at least double on almost all Latin American markets. Attracting investors (domestic and foreign) were economic reforms such as reductions in fiscal deficits and inflation, privatization, financial reforms, and trade and investment liberalization.

Copies of the report are available from the World Bank bookstore in Washington, D.C.