IMF monitoring impact of Venezuela's economic stress for Caribbean islands

“We are mindful and concerned about the feasibility of PetroCaribe continuing, certainly at the level it has been” said IMF advisor Cantelli “We are mindful and concerned about the feasibility of PetroCaribe continuing, certainly at the level it has been” said IMF advisor Cantelli

The International Monetary Fund (IMF) says it is monitoring the potential impact any changes to PetroCaribe, Venezuela’s oil alliance with several Caribbean islands will have on regional economies.

Britain confirms financial assistance to five Eastern Caribbean countries

Walker said the DFID has “listened carefully” to what Eastern Caribbean countries have been saying are the key challenges for the region.Walker said the DFID has “listened carefully” to what Eastern Caribbean countries have been saying are the key challenges for the region.

Britain is providing assistance to five Eastern Caribbean countries “to help them return to economic growth while managing the risks from external shocks”. The Department for International Development (DFID) Caribbean says it will work closely with Antigua and Barbuda, Grenada, St Lucia, St Vincent and the Grenadines and Dominica und...

Argentine central bank discards 'any devaluation' of the Peso in 2015

Vanoli explained that the Central Bank’s goal is to maintain a managed floating exchange rate regime. “Argentina does not have a fixed exchange rate,” he said.Vanoli explained that the Central Bank’s goal is to maintain a managed floating exchange rate regime. “Argentina does not have a fixed exchange rate,” he said.

The head of Argentina's Central Bank Alejandro Vanoli reaffirmed that “there won’t be a devaluation” of the Peso next year and stressed that the government of President Cristina Fernandez will not give in to pressure from the financial market and the export sector.

Brazil committed to advance with EU/Mercosur trade negotiations

“Mercosur has been holding negotiations with the EU; we're in discussions with other countries, but we must look for a way to advance”, said Marcadante“Mercosur has been holding negotiations with the EU; we're in discussions with other countries, but we must look for a way to advance”, said Marcadante

Brazil must speed international trade agreement negotiations, said cabinet chief Aloizo Mercadante, in direct reference to Mercosur and demanding an end to internal disputes.

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