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 GUATEMALA CITY, Guatemala (AP) - U.S. Treasury Secretary Henry Paulson on Monday applauded the Inter-American Development Bank's backing of alternative fuels and expressed support for China's request to join the financial institution.
Paulson's visit comes on the heels of President Bush's recent swing through Latin America to improve relations, promote trade and push for the region to seize the opportunities of the booming biofuel industry.
Bank president Luis Alberto Moreno on Monday announced the financial institution will give credits to countries that reduce their carbon emissions and promote the use and production of renewable energy, such as biofuels.
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