Latin America

Latin America
Saturday, July 18th 2015 - 09:15 UTC

Cristina Fernandez hails Mercosur success in integration and in promoting a political block

“As responsible leaders, we cannot stop noticing the challenges we have ahead,” Cristina Fernandez said stressing the need to address destabilization attempts

In what can be considered her last speech before a Mercosur summit, Argentine president Cristina Fernandez, who is stepping down next December, hailed what she called the “magnitude of the importance of integration” in South America with the inclusion of both Venezuela and Bolivia showing the “success and the resounding failure for those who forecasted for years that the Mercosur was going to fail.”

Friday, July 17th 2015 - 06:19 UTC

Argentine economy showing slight improvement but still delicate, says IMF

“We see a delicate situation regarding Argentina’s economy. Moving from a slight contraction to a slight growth statistically speaking” said Werner

The International Monetary Fund (IMF) slightly improved its outlook on Argentina’s economy saying the country will grow 0.1% in 2015 and will remain stagnant in 2016. Nevertheless, IMF warned the country is going through a “very delicate” situation and insisted that the improved outlook doesn’t change its views regarding Argentina.

Friday, July 17th 2015 - 05:49 UTC

“Sea for Bolivia” and “Malvinas for Argentina” pledges president Evo Morales

 “We're very happy with Argentina because we know we can always count with the Argentine people in this kind of demands”, pointed out the Bolivian leader

Bolivian president Evo Morales defended his claim of “sea for Bolivia” and “Malvinas for Argentina”, during the last of his two-day very militant visit to Argentina before flying late Thursday to Brazil for the Mercosur summit.

Thursday, July 16th 2015 - 09:03 UTC

Bolivian private sector not convinces of full incorporation to Mercosur

President Evo Morales has confirmed he will be participating of the Mercosur midyear summit taking place in Brasilia

Bolivia's incorporation as a full member of Mercosur will be addressed as of Thursday in Brasilia at the group's two-day presidential summit, an issue which could be completed by the first half of next year, despite some warnings from Bolivia's private sector.

Wednesday, July 15th 2015 - 08:10 UTC

Mercosur summit in Brasilia with a conflicting agenda; Paraguay takes chair

President Dilma Rousseff faced with a serious recession is trying to increase the scope of markets for Brazilian exports

Mercosur will be holding its half year presidential summit in Brasilia next Thursday and Friday, an event which will expose an abundance of trade and political conflicts, discrepancies and recurrent challenges despite all its members commitment to integration. Besides full members, Argentina, Uruguay, Paraguay, Venezuela and Brazil, leaders from Chile, Peru, Ecuador, Bolivia, Colombia, Guyana and Surinam have also been announced.

Wednesday, July 15th 2015 - 07:34 UTC

Guyanese president Granger will attend Mercosur summit in Brasilia

The Guyana delegation includes president Granger, Foreign Minister Carl Greenidge and three other government representatives

Guyanese President David Granger and Foreign Minister Carl Greenidge plan to attend the biannual Mercosur summit in Brasilia later this next, a Foreign Ministry spokesman confirmed to the Spanish news agency EFE.

Wednesday, July 15th 2015 - 05:35 UTC

Guyana declines UN good offices since they have only 'helped Venezuela'

Greenidge’s remarks came less than a week after Venezuela officially asked UN Secretary-General Ban Ki-moon to appoint a new Good Officer.

Guyana is no longer interested in the UN Good Offices Process as a means to settle its century-old border dispute with Venezuela, Foreign Minister Carl Greenidge said on Monday in a news briefing live-streamed online.

Tuesday, July 14th 2015 - 06:37 UTC

Mexico is offering 3.8 million dollars reward for the capture of drug lord “Chapo Guzmán”

It has emerged that Guzman fled despite wearing a monitoring bracelet and being subject to 24-hour surveillance.

Mexico is offering a reward of 60 million pesos ($3.8m) for the capture of the country's most-wanted drug lord, who escaped from a top security prison. A huge manhunt is underway for Joaquin Guzman, who got out of his cell on Saturday through a 1.5km-long tunnel.

Tuesday, July 14th 2015 - 06:07 UTC

Caricom considering ECLAC proposal to write-off its multilateral debt

The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC)

The Caribbean Community, Caricom is considering a proposal for the region to pursue gradual write-off of its multilateral debt as a means of economic prosperity. The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC), at the 36th Regular Meeting of the Heads of Government of the Caribbean Community, held in Barbados.

Monday, July 13th 2015 - 09:21 UTC

Venezuela will stop buying Guyana rice amid escalating border dispute

Finance minister Jordan said Venezuelan officials informed him that they will be acquiring rice from other suppliers, including Suriname, by the end of the year.

Venezuela has decided to stop buying much of Guyana's rice crop amid an escalating border dispute between the two neighboring countries, the Guyanese finance minister said. The administration of president Nicolas Maduro has in the past four years purchased about 40% of Guyana's rice production, about 200,000 tons, paying for it with oil that amounts to about half of Guyana's daily supply needs.

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