A Marshall Plan for Latin America?

http://www.commondreams.org/views04/0819-10.htm

The writer seems to have a liberal bent, but much of the analysis is reminicent of Stiglitz. What do you think?

I think a Marshall Plan for the entire Americas, though politically and economically beneficial to the region, would be a bit too costly all at once. Maybe we could focus on Mexico, Central America, and the Caribbean over the next 5 years provide foreign grant aid, without the conditionalities, and get together with those countries to discuss how to improve economic development OECD style. Then, after we start making some good progress in the Northern part of the Americas start heading south over the next 15 years?

http://usinfo.state.gov/usa/infousa/facts/democrac/57.htm

above is a link giving an overview of the actual marshall plan

$13 billion back then equates to roughly $100 billion today. So maybe $100 billion over 4 years to Mexico, Central America, and the Caribbean? Then something similar a few years later for the rest of the Americas. That support along with a commitment to a solid development plan by the participating countries might finally produce the results Latin America and the US as their neighbor has long sought.

What do you think?