Latin AmericaLatin America
Brazil’s Real advanced from a seven-month low as the central bank signaled it will maintain support for the currency when it increased the number of foreign-exchange swap contracts offered in a rollover.
The Uruguayan government released this week the equivalent of 22.9 million dollars for the financing of political parties campaigning for 26 October when presidential and legislative elections are scheduled. In Uruguay political parties receive government support for electoral activities and private donations are closely scrutinized.
FIFA says its executive committee will this week discuss a proposal to introduce a three-minute stoppage if a player suffers a suspected concussion. Michel D'Hooghe, head of FIFA’s medical committee, recommended the new rules for the treatment of head injuries following a series of incidents in recent months that have sparked criticism of FIFA.
Credit ratings agency Moody's Investors Service has warned about the Argentine situation which can become “harmful” for Latin America, stating that the country's economy is in “decline” and qualifying current policies as “highly risky.”
Environmentalist and presidential opposition candidate Marina Silva blasted Brazilian president Dilma Rousseff for not supporting an initiative to put a deadline on deforestation supported by 32 countries this Tuesday during the Climate summit in New York.
More than 30 countries set the first-ever deadline on Tuesday to end deforestation by 2030, but the feasibility of such a goal was eroded when a key player, Brazil, said it would not join.
Evo Morales, Bolivia’s first indigenous president, inaugurated the first World Conference on Indigenous Peoples at the UN on Monday and said he is living proof that the community can “govern and not just vote.”
President Dilma Rousseff's main foreign affairs' advisor Marco Aurelio Garcia denied Brazil has any “imperial intentions” in reply to claims relative to Cuba from presidential opposition candidate Marina Silva.
Venezuelan leader Nicolas Maduro has said he will travel to New York this week for his debut appearance as president at the United Nations General Assembly despite racist editorials against him in major US newspapers.
Following her meeting with Pope Francis at the Vatican, Argentine President Cristina Fernandez arrived in New York, where she is expected to deliver a speech at the UN’s 69th General Assembly on Wednesday.