Hi Dolores,
BTW Great questions to spur the DOWS thread.
The building of the IFC is brilliant! It's strategically brilliant and can increase DR's profile among the LA heavy hitters while taking advantage of its political and geographic location.
Is it doable? Doable yes, but difficult to achieve.
Greatest Challenges? Race, class, perception and above all power. I think if done correctly it will have a paradigm shift effect in LA's power dynamics. Why? Because it's about location, location, location. The sheer factor that the IMF and the World Bank are a minute walk from the Embassy of Mexico and the White House does not escape the people in the "know". Placing the IFC in DR and for it to truly fulfill its mission would require the buy-in of premier economic thinkers by having them join the institution. Also econ think tank producers like Mexico, Chile, and Brazil are not about to relinquish their coveted positions so easily.
The idea does sound sexy though. Thanks for bringing it up!
Dolores said:
What is your opinion of the Independent Financial Centre of the Americas and its Latin American International Financial Exchange to be built in Guayacanes, Dominican Republic.
See
http://www.ifcamericas.com
Would you think what they propose is doable? What will be their greatest challenges? Has the time come for an entity such as they propose -- a central platform to clear and settle locally denominated trading in Latin America?