Alejandro Werner, the IMF's director for the Western Hemisphere Department, added in a press conference that he did not see any external factors that could boost growth in Latin American countries from current levels in 2014.

Werner said the impact of weaker currencies on consumer prices in the region is lower now than it was 20 years ago.

(Reporting by Alonso Soto; Writing by Silvio Cascione; Editing by James Dalgleish)