Latin AmericaLatin America
Russia will ban all imports of US food products as well as fruit and vegetables from the European Union after President Vladimir Putin ordered retaliation for Western sanctions against Moscow, a state news agency reported today.
Haiti announced it has signed a multi-million dollar agreement with the US-based Carnival Cruise Lines to build a tourism port on the island of Latortue, north of the island. Prime Minister Laurent Lamothe said the 70 million dollars project will help improve the lives of the estimated 36,000 people residing in the area.
Foreign minister Federica Mogherini pledged that under the current Italian presidency of the European Union, top priority will be given to signing the pending trade agreements, among which that with Mercosur still under discussion.
FAO’s Monthly Food Price Report notes that food prices in Latin America and the Caribbean reduced their growth rate for the third consecutive month. Regional food inflation increased only 0.5% in June, down from 1% in May and 1.2% in April, which is particularly relevant for the poorest, who spend a larger proportion of their income on food.
The Pan American Health Organization (PAHO) says the number of new cases of the Chikungunya in the Caribbean increased by nearly 38,000 last week with the Dominican Republic having the most cases.
Paraguay sold 1bn (one billion) dollars in 30-year bonds on Monday in New York, its second international debt issue in less than two years. President Horacio Cartes said in a statement that the issue's 6.1% yield is unprecedented for the country, and that the proceeds will be used for highway, building and energy infrastructure, as well as agricultural production.
In Latin America and the Caribbean more food is lost and wasted than is needed to meet the nutritional needs of the 47 million people who still suffer from hunger in the region, according to FAO. The report Losses and waste of food in Latin America and the Caribbean of the FAO Regional Office says that 6% of global food losses occur in the region.
Paraguay strongly objected a draft Mercosur declaration on Gaza which wanted to openly support Palestine and unilaterally condemn Israel's bombings and incursions, according to sources at the group's summit which took place Tuesday in Caracas.
“Unfortunately no agreement was reached and Argentina will imminently be in default”, admitted Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and its holdout bondholders. Pollack emphasized that with default “the ordinary Argentine citizen will be the real and ultimate victim”.
Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.