Latin AmericaLatin America
Peru's President Ollanta Humala said on Monday that his government is countering slow economic growth by boosting public spending on improved wages and better benefits for public health, education and security workers.
The private sectors from Paraguay, Uruguay and Bolivia agreed to form a business lobby, Urupabol, with the purpose of actively combating protectionist policies and other obstacles implemented inside Mercosur, mainly by senior members Argentina and Brazil.
Uruguay's president Jose Mujica will be attending the next Mercosur presidential summit scheduled for Tuesday, 29 July in Caracas, when the creation of an economic forum Mercosur/ALBA/PetroCaribe will for consideration as part of the agenda.
Global Summits Organizer IRN and Grupo BG de Eventos will be launching the inaugural Uruguay Oil & Gas 2014 Summit which will take place on 17th-18th November in the capital of Uruguay, Montevideo. This Summit follows the announcement of the third oil bidding round, the Ronda Uruguay III.
An 'honesty' ranking by Argentine pollster, Giacobbe & Associates, based on 500 names, both alive and deceased, shows the country's public opinion poor belief in the political system, with president Cristina Fernández ranked 38, fourteen positions down from a similar poll last year and behind her Uruguayan peer Jose Mujica ranked 11.
Chinese President Xi Jinping ended on Wednesday an eight-day trip through Latin America with a visit to eastern Cuba, where both the island's independence struggle against Spain and Fidel Castro's revolution began.
Peru's President Ollanta Humala has named his sixth prime minister in three years in a surprise cabinet reshuffle that elevated two core members of his ruling party after an embarrassing political scandal.
The World Bank's vice president for Latin America and the Caribbean, Jorge Familiar, on Wednesday highlighted Peru's economic growth over the past 10 years. Peru's average economic growth over the period has registered 6. 5% annually, allowing many Peruvians to escape poverty, said Familiar.
The consortium made up of Spanish energy company Enagas and Brazilian construction giant Odebrecht signed a contract on Wednesday with Peru's Energy and Mines Ministry for the construction and operation of a natural gas pipeline that will run from the Camisea gas fields to the Pacific port of Ilo.
Former Brazilian president Fernando Henrique Cardoso said that Mercosur has 'yet to crystallize as a customs union' and pointed to the common external tariff which is the founding stone but is full of objections as the main hurdle. Nevertheless I remain positive about the strength of Mercosur.