Latin America had weathered the financial crisis so well that several countries were paying the price of success with rapidly appreciating currencies and an influx of foreign capital that could raise the spectre of future bubbles, said Nicholas Eyzaguirre, western hemisphere director of the International Monetary Fund.  

“The direction of the wind changes so fast that we are beginning to get a bit concerned about things getting too good for these countries,” Mr Eyzaguirre said in an interview with the Financial Times.