Stories for February 26th 2005
Restoration program for Torres del Paine
A restoration program for the 14,000 hectares of Torres del Paine National Park consumed by a fire that has been raging for over a week was trusted to the Chilean Forestry Corporation, reported Chilean acting Agriculture Minister Arturo Barrera.
Brazilian Central Bank insists with tight money
Brazil's Central Bank will continue to raise the basic interest rate, Selic, and will keep it high for a considerable period, in spite of declining inflation risks and strong criticism from business and unions.
Brazil reacts angrily to Amazon proposal
Brazil reacted angrily to former European Union Trade Commissioner Pascal Lamy's proposal to declare the Amazon region and other rain forests as “global public assets” subject to world management
IMF praises Uruguayan economy performance.
The Executive Board of the International Monetary Fund, IMF, highlighted Uruguay's economic program for successfully steering the economy out of the 2002 financial crisis and praised the incoming authorities for their commitment to continue with the current framework and build on the progress made to far.
Argentine optimism with defaulted bonds exchange.
Argentina's defaulted debt restructuring swap concluded this Friday at 18:15 with prospects of a high level of acceptance which is estimated between 70 and 80%.
Prince Edward visits Uruguay and Chile.
Prince Edward will be visiting Uruguay and Chile beginning next week. In Uruguay he will participate in the taking office ceremony of elected President Tabare Vazquez Tuesday March 1.
