Latin America likely to embark on needed reforms: IADB

COSTA DO SAUIPE, Brazil (Reuters) - The volatility in global markets buffeting emerging economies could push Latin American nations to move ahead with deep reforms needed to restore their dynamism, the head of Inter-American Development Bank, Luis Alberto Moreno, said on Friday.

Role reversal: Latin America taunts U.S. on debt woes

(Reuters) - After three decades spent battling their own debt crises and getting constantly lectured about them by Uncle Sam, many Latin Americans are watching the countdown to a possible default in Washington with a mix of schadenfraude and fear of what a collapse might mean for them.

For everybody from presidents on down to street vendors, seeing U.S. politicians argue over where to make painful budget cuts has also been a reminder that those days are over in Latin America. For now, at least, as most of the region enjoys an era of economic prosperity and comparatively tiny deficits.