Latin America and the Caribbean.

Latin America and the Caribbean

Industrial

GDP production

% change on year ago % change

on year ago

LT Consensus Forecast *

latest 2006 2007F 2008F latest Argentina 8.6 Q4 '06 8.5 7.0 4.7 3.0 Feb '07 Brazil 3.8 Q4 '06 3.7 4.0 4.0 3.0 Feb '07 Chile 4.3 Q4 '06 4.0 5.4 5.2 4.6 Feb '07 Colombia 8.0 Q4 '06 6.8 5.0 4.4 14.6 Feb '07 Ecuador 2.2 Q4 '06 4.5 3.3 2.8 10.1 Feb '07 Mexico 4.3 Q4 '06 4.8 3.3 3.7 0.0 Feb '07 Peru 8.5 Q4 '06 8.0 6.7 5.6 7.4 Feb '07 Venezuela 11.8 Q4 '06 10.3 7.0 4.3 -- --

Producer

Unemployment prices

% change on

% rate year ago

latest latest Argentina 8.7 Q4 '06 5.2 Feb '07 Brazil 9.9 Feb '07 (+) 3.7 Feb '07 Chile 7.2 Feb '07 7.3 Feb '07 Colombia 12.7 Feb '07 5.0 Feb '07 Ecuador 9.9 Feb '07 5.9 Feb '07 Mexico 4.0 Feb '07 (+) 6.6 Feb '07 Peru 9.5 Feb '07 0.2 Feb '07 Venezuela 10.9 Feb '07 18.7 Feb '07

Consumer prices Exchange rates

% change on year ago end of period per US$

LT Consensus Forecast * LT Consensus Forecast *

2006 2007F 2008F 2006 2007F 2008F Arigentina 9.8 10.3 11.1 3.07 3.16 3.29 Brazil 3.1 3.6 3.8 2.14 2.03 2.06 Chile 2.6 2.7 3.0 5.34 544 552 Colombia 4.5 4.5 3.9 2,239 2,351 2,443 Ecuador 2.9 2.8 2.3 1.00 1.00 1.00 Mexico 4.1 3.6 3.5 10.81 11.19 11.44 Peru 1.1 2.0 2.5 3.20 3.18 3.19 Venezuela 17.0 17.9 18.8 2,147 2,279 2,420

Current account International reserves

as % of GDP US$ billions

LT Consensus Forecast * LT Consensus Forecast *

2006 2007F 2008F 2006 2007F 2008F Argentina 3.2 2.3 1.4 32.0 43.3 49.1 Brazil 1.4 0.8 0.2 85.8 131.6 154.6 Chile 3.6 1.5 0.8 18.8 17.4 18.0 Colombia -2.1 -2.0 -2.0 15.4 15.9 16.4 Ecuador 2.7 0.5 -1.4 3.0 3.2 2.9 Mexico -0.2 -1.2 -1.3 67.7 71.6 71.1 Peru 2.5 1.3 0.6 17.3 19.7 21.2 Venezuela 15.5 8.7 5.2 37.1 35.9 33.8 * LATIN TRADE Consensus Forecast includes Banamex, BBVA, Citigroup, Goldman Sachs, Merrill Lynch, Morgan Stanley, Santander Central Hispano Investment, UBS Pactual, LATIN TRADE (+) open unemployment (economically active, seeking work)

Consumer prices Interest rates

% change on year ago % per year

latest year ago deposit lending Argentina 9.6 Feb '07 11.5 7.03 9.38 Feb '07 Bolivia 6.6 Feb '07 4.2 2.99 12.42 Feb '07 Brazil 3.0 Feb '07 5.5 11.37 47.20 Feb '07 Chile 2.7 Feb '07 4.1 5.16 8.34 Feb '07 Colombia 5.2 Feb '07 4.2 6.80 13.40 Feb '07 Costa Rica 8.6 Feb '07 13.0 8.53 15.33 Jan '07 Dominican Rep. 4.8 Feb '07 8.1 7.76 17.59 Feb '07 Ecuador 2.0 Feb '07 3.9 4.77 9.95 Feb '07 El Salvador 4.8 Feb '07 3.7 4.88 7.81 Feb '07 Guatemala 6.2 Feb '07 6.9 4.76 12.96 Feb '07 Honduras 5.8 Feb '07 6.8 7.96 17.16 Jan '07 Jamaica 6.2 Feb '07 12.4 7.51 17.51 Jan '07 Mexico 4.1 Feb '07 3.7 3.29 7.44 Feb '07 Panama 2.8 Feb '07 2.3 4.89 8.59 Feb '07 Paraguay 8.3 Feb '07 11.2 9.11 30.59 Jan '07 Peru 0.3 Feb '07 2.7 3.24 23.57 Feb '07 Trinidad & Tobago 8.4 Feb '07 6.5 5.66 11.75 Oct '06 Uruguay 6.7 Feb '07 6.6 1.91 8.03 Jan '07 Venezuela 20.4 Feb '07 12.5 10.03 16.31 Jan '07

Exchange rates

May 11, 2007

currency per US$ per euro Argentina Peso 3.08 4.16 Bolivia Boliviano 7.70 10.42 Brazil Real 2.01 2.72 Chile Peso 520.50 703.86 Colombia Peso 1,953 2,641 Costa Rica Colon 500.50 676.81 Dominican Rep. Peso 31.61 42.75 Ecuador Sucre 1.00 33,810 El Salvador Colon 8.39 11.34 Guatemala Quetzal 7.33 9.92 Honduras Lempira 18.17 24.57 Jamaica Dollar 67.20 90.87 Mexico Peso 10.80 14.61 Panama Balboa 1.00 1.31 Paraguay Guarani 4,831 6,533 Peru Sol 3.05 4.12 Trinidad & Tobago Dollar 6.15 8.32 Uruguay Peso 22.98 31.07 Venezuela Bolivar 2,146 2,902

Exports of goods

US$ millions

trailing

latest 12 months Argentina 3,511 Feb '07 47,219 Bolivia 297 Feb '07 4,168 Brazil 10,104 Feb '07 140,514 Chile 4,568 Feb '07 60,656 Colombia 1,904 Feb '07 24,558 Costa Rica 705 Feb '07 8,466 Dominican Rep. 1,692 Q4 '06 6,440 Ecuador 895 Feb '07 12,277 El Salvador 318 Feb '07 3,563 Guatemala 605 Feb '07 6,242 Honduras 159 Feb '07 1,936 Jamaica 478 Q4 '06 1,838 Mexico 19,510 Feb '07 250,856 Panama 2,365 Q4 '06 8,509 Paraguay 207 Feb '07 2,026 Peru 1,800 Feb '07 24,339 Trinidad & Tobago 4,344 Q3 '06 13,793 Uruguay 292 Feb '07 4,016 Venezuela 14,399 Q4 '06 65,210

Imports of goods

US$ millions

trailing

latest 12 months Argentina 2,791 Feb '07 35,250 Bolivia 202 Feb '07 2,885 Brazil 7,226 Feb '07 98,181 Chile 3,097 Feb '07 38,839 Colombia 2,313 Feb '07 27,282 Costa Rica 947 Feb '07 11,798 Dominican Rep. 3,016 Q4 '06 11,190 Ecuador 880 Feb '07 12,336 El Salvador 641 Feb '07 7,750 Guatemala 950 Feb '07 12,211 Honduras 472 Feb '07 5,572 Jamaica 1,366 Q4 06 5,211 Mexico 20,024 Feb '07 259,841 Panama 2,842 Feb '07 10,310 Paraguay 504 Feb '07 5,621 Peru 1,359 Feb '07 15,611 Trinidad & Tobago 1,496 Q3 '06 6,177 Uruguay 402 Feb '07 4,836 Venezuela 9,657 Q4 '06 32,226

International reserves ([dagger])

US$ millions