MercoPress. South Atlantic News Agency
Stories for March 22nd 2004
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Monday, March 22nd 2004 - 21:00 UTC
Breaking News from Pta. Arenas.
Headlines:
Lagos campaigning in Magallanes; Benthonic survey to tap Magallanes resources; Chilean Antarctic Institute HQ in Punta Arenas; Magallanes trade with EU jumped 31%; Minke whale sighted in Magellan Strait; Belfast Queen's University in Punta Arenas. -
Monday, March 22nd 2004 - 21:00 UTC
Argentina before the IMF Executive Board.
The International Monetary Fund, IMF, Executive Board is scheduled to formally approve this Monday the second review of the three year stand by program with Argentina, which will open the way for a reimbursement of 3,1 billion US dollars to Argentina and other pending credits from the World Bank and the Interamerican Development Bank.
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Monday, March 22nd 2004 - 21:00 UTC
Counter cyclical Fiscal Fund proposed.
One of Buenos Aires most respected private financial consulting organizations is recommending given the strong fiscal situation of Argentina, the creation of a Counter cyclical fiscal fund to help restructure debt and invest in social development.
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Monday, March 22nd 2004 - 21:00 UTC
Brazilian minister criticizes “moaning” countries.
Brazilian Finance Minister Antonio Palocci criticized countries that “spend their time insulting the International Monetary Fund”.
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Monday, March 22nd 2004 - 21:00 UTC
Peru purchases four frigates.
Peruvian president Alejandro Toledo announced last week the purchase of four missile frigates Type Luppo offered by the Italian government.
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Monday, March 22nd 2004 - 21:00 UTC
Optimistic forecast for Latinamerica.
Latinamerica is forecasted to expand 4% in 2004 according to Enrique Iglesias president of the Inter-American Development Bank, IDB.
