Latin America

Latin America
Thursday, May 14th 2015 - 01:45 UTC

Partial recount of Guyana's May 11 general elections votes delays results

The PPP/C is only requesting reviews “in areas where we had reports of a lot of votes were rejected for spurious reasons” indicated President Donald Ramotar

The release of official results from Guyana’s May 11 general elections has been delayed for at least another 48 hours to allow for a partial recount, the Guyana Elections Commission, known as GECOM, said on Wednesday.

Wednesday, May 13th 2015 - 08:37 UTC

IDB 216m dollars loan for Uruguay to support construction of wind farms

Financing for the wind farms is partly supported by the China Co-financing Fund for Latin America and the Caribbean, created by Beijing

The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.

Wednesday, May 13th 2015 - 08:29 UTC

Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

Petrobras has gone from Latam's most profitable company to the second-worst performer after Mexican state oil company Pemex (a perennial money loser).

Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.

Wednesday, May 13th 2015 - 08:21 UTC

Latam to debate controversial issue: 'post Washington Consensus' industrial policies

IDB president Moreno will open the seminar and Ms Rodríguez, manager of the IDB’s Institutions for Development Department, will moderate the debate

The Inter American Development Bank, IDB, has organized a seminar to discuss industrial policies in Latin America and the Caribbean in a post Washington-Consensus framework. Anemic economic growth in the region is in need of policy shot in the arm.

Wednesday, May 13th 2015 - 08:14 UTC

Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

“Remittances remain an important source of income for millions of families in Latin America and the Caribbean,” said IMF Fernando Jimenez-Ontiveros

Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank.

Wednesday, May 13th 2015 - 08:05 UTC

Bolivia closer to Mercosur full membership; coming summit in Brasilia decisive

In April it was agreed that the Bolivian incorporation is to be ratified with a new protocol in which Paraguay figures as Mercosur full member

Bolivia is closer to becoming a full member of Mercosur following on Argentina's ratification of the Adhesion Protocol.

Tuesday, May 12th 2015 - 10:30 UTC

Ex US president Carter ends Guyana election monitoring trip after falling ill

Jimmy Carter arrived in Guyana on Saturday to participate in a delegation monitoring the country’s general election on Monday

Former United States President Jimmy Carter ended an election-monitoring trip to Guyana early and flew home on Sunday after falling ill, the Carter Center, his nonprofit organization, said in a statement. The Carter Center provided only sketchy information on Sunday about the condition of the 90-year-old former president.

Tuesday, May 12th 2015 - 08:51 UTC

Guyana voting in early election to end Executive/Legislative standoff

Ramotar is hoping to shore up the mandate of his PPPC party and stop parliament from thwarting his pet infrastructure projects

Guyana voted Monday in early elections pitting embattled President Donald Ramotar against an upstart opposition alliance seeking to unite voters across racial lines with its calls to end corruption.

Tuesday, May 12th 2015 - 06:18 UTC

Hollande in Havana ratifies support for Cuba and an end to the US embargo

The French president met with his peer Raul Castro and also with Fidel Castro, the emblematic leader of the Cuban 1959 revolution

French President Francois Hollande has urged an end to the US trade embargo of Cuba and envisioned a larger French role in Cuba's engagement with the West during the first visit by a French head of state to Cuba. Havana is in foreign policy talks with both the European Union and the United States amid intense world interest in Cuba following detente with Washington in December.

Monday, May 11th 2015 - 10:21 UTC

Castro praises Francis and promises “to turn to the Church again if the pope continues on this vein”

“I am very happy. I have come here to thank him for what he has done to begin solving the problems of the United States and Cuba,” said Raul Castro.

Cuban President Raul Castro has praised Pope Francis for brokering the restoration of relations between Cuba and the US, announced in December. At the end of a Sunday audience at the Vatican, Castro said he had thanked the Pope for his contribution for the historic rapprochement.


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