Latin AmericaLatin America
Analysts expect Brazil's economy to contract by 2.44% this year, marking the worst performance since 1990, and inflation will hit 9.29%, the Central Bank said Tuesday. The latest figures represent a downward revision from last week, when analysts expected Latin America's largest economy to contract by 2.26% and inflation to come in at 9.28%.
Former Guatemalan President Otto Perez Molina will face prosecution for his alleged role in a customs fraud scandal that has rocked the country for months, a federal judge announced on Tuesday. The decision comes just days after Perez Molina resigned from office amid growing national outrage over corruption in the government.
Venezuelan President Nicolas Maduro has pledged to build a comprehensive plan for PetroCaribe, in the next ten years, spanning 2015-2025.
A comedian who played a simpleton cowboy who almost became president emerged Monday as the man to beat in Guatemala's presidential race amid disgust over a corruption scandal that felled the outgoing incumbent.
In the margins of the Petrocaribe Summit currently taking place in Jamaica, Venezuelan President Nicolás Maduro will be meeting the foreign ministers of Argentina and Brazil to discuss the border crisis with Colombia.
A former television comic, a wealthy businessman and a former first lady were ahead in early returns in voting for Guatemala's next leader, days after the Central American nation's president resigned over a corruption scandal. With about 51% percent of polling stations reporting early Monday, TV comedian Jimmy Morales, who has never held elective office, was leading with 26.5% of the vote.
Protesters railed on Friday against Guatemala's disgraced ex-president Otto Perez outside his court hearing on corruption allegations Friday, two days before elections that have been upended by his resignation and jailing.
As neighbors Chile and Peru along the Pacific coast of South America, Colombia announced its electrical system is prepared for the El Niño weather phenomena, which may lead to drought and low reserves at hydro-electric facilities, mines and energy minister Tomas Gonzalez said on Wednesday.
The resignation of Guatemala’s President Otto Pérez Molina following the issuing of an arrest warrant against him for corruption is a positive step towards strengthening democracy and rule of law there, said the International Trade Union Confederation, ITUC.
Guatemala's Congress swore in former judge Alejandro Maldonado as president Thursday as his disgraced predecessor appeared in court over corruption allegations hours after resigning in the face of unprecedented protests.