THE AMERICAS: New Builder at Work

The all-too-apparent need for easing the economic and social aches and pains of Latin America took concrete form last week in a set of redecorated offices in a nondescript building in Washington. With a ceremonial round of martinis, pisco sours* and Brazilian coffee, the Inter-American Development Bank declared itself ready for business at 801 Nineteenth Street. No sooner were the doors open than the loan ideas started pouring in. What could the bank do for a dietetic laboratory in Mexico? How about a farm machinery credit house in Chile?

Look-Alike. The bank's least...

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