Nevertheless, Ana Quiros of the Organization for Emergency Reconstruction of Nicaragua, said the Nicaraguan government's consultation with Nicaraguan NGOs and grass roots organizations has been very limited. Quiros said she was worried that resources saved because of the debt relief may not be invested in projects that benefit the poorest people in the country. She even said she feared that the government might use public resources for next year's election campaign. The IMF official, who asked not to be identified, said the best guarantee that the government will defend the interests of the people is its interest in winning voters' support. The official believes that many complaints from grass roots organization are unfounded.
Governments are much more accountable to the people.
At the end of a year that saw a record number of loans for social programs in Latin America and the Caribbean, the Inter-American Development Bank warned that the region must double economic growth rate to reduce the poverty and inequality that feed frustration with reforms promoted by multilateral banks. I think we are the multilateral financial institution with by far the greatest volume of loans dedicated to social sectors. The bank surpassed its own goal in social investment, according to a press release issued this week. However, he said it is necessary to double the economic growth rate based on increased savings, investment and exports. Gustavo Marquez, a bank research economist, agreed with Iglesias that people are tired of economic reforms that have taken longer than expected to bring progress.