But the big commercial banks, which used to depend on business from the large conglomerates, may find it hard to be reborn as prudent and innovative institutions.
Guillermo Perry, the World Bank's chief economist for Latin America, says Chile is better placed than any other country in the region to absorb external shocks, thanks to its well organised budgetary institutions, prudent fiscal management (a surplus every year since 1989) and tight banking supervision.
Before embarking on adoption of an e-learning solution, it is prudent for an institution to examine its readiness and needs.
The Bolivian government has been applauded by international financial institutions as economically prudent.
Via their financial market regulators they must demand transparent accounting methods and prudent lending criteria from financial institutions.
While many countries, including the United States, did not sign up, the convention is effectively being implemented by international institutions and, increasingly, by prudent collectors and dealers, fearful that the legitimate ownership of their acquisitions may be challenged in the future.
Besides the lack of active support measures by their host institutions, they also require prudent rules on how to handle the situation in negotiations with their university.
The money sits in the account, maybe for years, and, one hopes, will grow through prudent investing until you tell the institution to write a check to some worthy cause, often in multiples of $250.
Nevertheless, the restored monarchies in France, Austria, and Spain thought it prudent to sanction the formation of parliamentary institutions as a sop to liberal sentiment.
Similarly, it would not be prudent for students to enroll at an institution with accreditation problems whether it's an HBCU or not.
