Latin AmericaLatin America
Magallanes Region in the extreme south of Chile has dropped from fourth to sixth place in the ranking of regions with the least unemployment, according to the latest release which shows the rate jumped to 8.2% in the August-October quarter. This represents a 6.5 percentage point increase over the same period a year ago and half a point compared to the previous July-September quarter.
In an attempt to survive the economic crisis and the depreciating US dollar, Chile’s tourism industry has amplified national travel promotions targeting local and foreign vacationers.
Portugal's Foreign Affairs Minister Luis Amado said on Monday that Portugal is working as a mediator among Ibero-American countries to achieve a consensus on the Honduras political situation that is threatening the 19th summit’s final declaration.
Honduras conservative presidential candidate Porfirio Lobo declared Monday he won Sunday’s elections while his main contender accepted defeat and de facto president Roberto Micheletti announced he was ready to hand power and step down.
Bolivian president Evo Morales is set to win next Sunday’s general election and could even manage 24 of the 36 Senate seats thus ensuring the full control of the future Pluri-national Legislative Assembly, according to the latest opinion polls.
Honduran cattle rancher Porfirio Lobo apparently won the presidency of the Central American country that is trying to overcome a five-month political crisis and rebuild its economy, according to exit polls and preliminary results released by television and radio stations.
The Ibero-American summit of 22 countries began Sunday in the seaside resort of Estoril, Portugal, amid divisions over the elections being held in Honduras. Foreign ministers were unable to reach a common position on the situation where ousted president Manuel Zelaya has called for a boycott of the elections staged by the de facto government.
There were few signs of a recession ridden United States at PINTA '09, the modern and contemporary art fair, showcasing Latin American art from 60 art galleries in Latin America, the United States and Europe. The third annual art fair held at the Metropolitan Pavilion in New York might be a young fair, but upon closer inspection of the high quality of art produced in Latin America, it has become an important player in the global art scene presenting the best of Latin American art not only to the United States, but also to the world.
Pope Benedict XVI hailed a 1984 Vatican-mediated friendship agreement between Argentina and Chile as a luminous example of peace winning out over war during an audience Saturday with the presidents of both countries.
In comparison to other countries in Latin America, Chile boasts relatively stable political institutions, particularly free and fair elections, and a substantial middle class. As a result, this South American country is widely recognized as a model for democratic development and respect for constitutional procedures throughout the region.