The International Monetary Fund Director for the Western Hemisphere, Alejandro Werner, warned on Monday about the “negative effect” that the existence of two foreign currency exchange markets and protectionist policies bring to Argentina.
The Brazilian Navy announced in Rio the winning proposal for the new Antarctic research base Comandante Ferraz which in February last year was destroyed by fire with the loss of two lives and damages in excess of 12 million dollars.
Brazil’s ‘cachaca’ the world's fourth most-produced distilled spirit, but little known abroad, except as an ingredient in popular cocktails like caipirinhas is about to change when the US recognizes the sugar cane liquor as a distinctive Brazilian product.
Brazilian President Dilma Rousseff announced on Monday a reduction in the interest rate on public loans for owners of small businesses from 8% to 5% and inaugurated the Secretariat for Micro and Small Businesses which will have the category of a ministry.
Brazil said Monday it was negotiating with Havana the possibility of hiring and bringing in around 6,000 Cuban doctors to work in areas where they are needed in the fifth largest country of the world and with a population of 200 million.
The Buenos Aires media is reporting a potential incident situation in South Georgia waters which could erupt into something more complicated from the moment the Argentine research vessel ‘Eduardo Holmberg’ has been involved in scientific activities in a zone which last year was declared by the UK as a Maritime Protected Area, MPA, and which Argentina does not recognize since it considers it ‘an area in dispute’.
In a clear signal to the markets, President Cristina Fernández de Kirchner strongly rejected on Monday a possible devaluation of the Argentine Peso and targeted sectors advocating for such a measure, as she warned that “those hoping to profit from it will have to wait for a different Government.”
The full squad of competitors representing the Falkland Islands at the upcoming NatWest Island Games taking place in Bermuda from July 13 to 19 has been announced.