Dear Reader,

Greetings. Energy is the most crucial input for economic development across the world, especially in developing countries, whose demand for power is far outstripping supply. Many nations of Latin America, which have returned to democratic stability after reeling under military dictatorships for decades, are on a path of economic recovery, thanks to reforms unleashed by their respective governments. Their requirements for power are enormous. Realizing the need for massive investments in the energy sector in Latin America, the World Bank has initiated various funding programmes to boost power generation and to develop alternative sources of energy across the region. The cover story of the current issue of Indo-LAC Business deals with energy security, renewable energy and environmental safety concerns in Latin America. Inter-American Development Bank (IDB) President Luis Alberto Moreno is bullish about the economic future of Latin America, considering the emergence of Brazil and Chile as economic powerhouses in the region. Moreno, addressing a meeting of the Association of the American Chambers of Commerce, urged the Latin American countries to emulate Brazil's example. According to Moreno, election of populist governments in Latin America reflected the common voter's overwhelming demand for an equitable share in national wealth, which forms the focus of the current issue. Sharing, Moreno's optimism, IMF Outlook predicts a vigorous growth rate for Latin America. We carry a report. R. Viswanathan is a seasoned diplomat and an authority on Latin America, having spent a number of years in the region. In an analytical article, Viswanathan, argues that the emergence of left-oriented governments in many Latin American nations in recent elections should be seen more as a victory for the masses than an ideological shift in terms of economic policies. That Latin America is emerging as a region offering immense investment opportunities is a well recognized fact and the World Economic Forum is hosting its roundtable meet on this region in April 2007. More than 300 top leaders from governments, businesses , politics, economics and media will attend the roundtable conference. The current issue highlights this forthcoming event. Brazil is a fascinating country, thanks to its culture of carnivals that draw tourists in huge numbers. We carry a report. As usual, the issue offers its other regular features.
Wish you happy reading,

Satya Swaroop
Managing Editor
satya@newmediacomm.biz