Almost 81 million children under 18 suffer from poverty in Latin America which is equivalent to 45% of that age group according to a study by the Economic Commission for Latin America and the Caribbean (ECLAC) and the United Nations Children's Fund (UNICEF).
Whatever happens next June 5 when the Peruvian presidential run-off between Ollanta Humala and Keiko Fujimori, none of them will have a clear support in the 130 seats Congress which will force alliances as has been the recent legislative history of the Andean country.
Cuba has given all small businesses the authority to hire (and fire) labour and will loosen other regulations governing private enterprise as part of the broader measures to reform the island’s economy and boost production, the government said in a statement.
Parliamentary leaders of South Korea and Brazil agreed Monday in Seoul to put forth efforts to promote economic ties between the two nations in the framework of Mercosur, through closer interactions at the parliamentary level.
Opposition to the HydroAysén dam and power line project grew throughout Chile this past week in the wake of massive demonstrations protesting the project’s approval on Monday May 9 in southern Chile.
Food inflation in Latin America and the Caribbean decreased to 1.9% during the first quarter of this year according to a report from the regional office from the UN Food and Agriculture Organization, FAO, released Monday.
Following Monday’s questionable approval of Chile’s major HidroAysén dam project - a jerry-rigged vote if there ever was one - the administration of President Sebastian Piñera turned police loose on thousands of demonstrators protesting the Patagonia dam project later that evening.
Vote count in Ecuador showed President Rafael Correa heading for a referendum victory on Thursday after he accused electoral officials of delaying the tally in pro-government regions.
Latin America's economic boom could end in a full-blown crisis unless the region's governments properly manage the situation, the International Monetary Fund's top regional official said in an unusually stark warning to both policymakers and investors.
A power fault hit Venezuela's main refinery centre on Thursday, stopping the 310,000 barrel-per-day Cardon facility and partially halting the 645,000-bpd Amuay installation, a source at state oil company PDVSA said.