Mexico is trying to restrain the growth of spending and bring the public debt ratio down, and how they have tried to strike that balance has not compromised the objective of bringing the debt ratio down.

To sustain this growth, we need energy, and to get that energy, we are trying to tap all the sources - Cuba is one of them.

You see evidence of poverty reduction in Argentina and extreme poverty has fallen to just 12 percent.

There is no doubt of the government's ability, commitment and desire to have a strong fiscal position and contain inflation, so we should wait and see how that strategy unfolds.

[When an analyst asked whether slower growth in bad debt during the first quarter was] sort of a fluke, ... You know, this is a volatile business. You have some months that are up and some months that are down and what you've got to do is kind of look and say, 'What is the trend, and what do you feel about it?'

The answer is debt. The pump is being primed by debt, but not by real growth.