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LIMA Cheap Air Max , Feb. 9 (Xinhua) -- Latin America should diversify its production to generate sustained economic growth while prioritizing investment on human resources, a World Bank official said Monday.


Alberto Rodriguez, director of the World Bank for Bolivia, Chile, Ecuador Cheap Air Max 90 Australia , Peru and Venezuela, made the remarks at a press conference that highlights a gathering of directors from both the World Bank and the International Monetary Fund (IMF) to be held in October in Peru's capital Lima, and the events leading up to it.


Taking China as an example, Rodriguez said the Asian giant substantially invests in training of labor and human resources, and in technological innovations Cheap Air Max 90 Shoes , with an eye to improving productivity across all sectors, and promoting social justice and equality.


Latin America, he said, should not be expecting a boom in commodities to boost regional economies as the price of such exports as minerals and oil are subject to market fluctuations, and their ups and downs can disrupt development.


Instead Cheap Kids Air Max 90 , he recommended that the governments of Latin American nations consolidate economic policies that lead to general well-being.


"The region's challenge is to prioritize short- to long-term investment ... in infrastructure and education," said Rodriguez.


In coming weeks, Lima will host seminars and debates over global economic development as part of a series of events leading up to the 2015 annual meeting, said the official.


The first of these events will take place on Tuesday with the presentation of the 2015 World Development Report titled "Mind, Society and Behavior."


The annual meeting Cheap Youth Air Max 90 , which is hosted for the first time by a Latin American country since the Rio gathering in 1967, is expected to draw between 10,000 and 12,000 participants from 181 nations, including high-ranking officials Cheap Mens Air Max 90 , business leaders and representatives of non-governmental organizations.


WASHINGTON, March 11 (Xinhua) -- The U.S. Federal Reserve on Wednesday rejected the capital plans of two large banks, the American units of the Deutsche Bank and Banco Santander, due to their "qualitative" deficiencies including ability to model losses and identify risks.


A total of 31 largest banks in the U.S. participated in the Comprehensive Capital Analysis and Review (CCAR), an annual exercise to evaluate the capital planning processes and capital adequacy of large financial institutions.


The Fed has approved the capital plans of 28 largest banks participating in the CCAR. It didn't reject the capital plan of the Bank of America Corporation Cheap Womens Air Max 90 , but was requiring the bank to submit a new capital plan by the end of the third quarter to address certain weakness in its capital planning processes.


The results released Wednesday are the Fed's second and final round for the annual stress test, determining whether lenders can withstand losses and still pay dividends, buy back stock or make acquisitions.


As the capital plans of the U.S. units of the Deutsche Bank and Banco Santander were rejected by the Fed, the two banks may not take any capital distribution unless permitted by the U.S. central bank.


"Our capital plan review helps ensure that the capital distribution