Venezuela’s president Hugo Chavez said on Wednesday during a press conference in Montevideo that the Libyan leader Moammar Gaddafi “is doing what has to be done, resisting an imperial aggression” and added that “it’s not anticipated that he has plans to leave Libya”.
Presidential election races in Peru have a history of being unpredictable. What initially seemed to be a three-way battle to succeed outgoing president Alan Garcia now appears to be a five-way tussle ahead of the first round of voting on April 10 according to a report from Capital Economics.
Venezuelan President Hugo Chavez was given a press freedom award during his visit on Tuesday to Argentina. The University of La Plata said it was honouring him for his efforts to break media monopolies in Latin America and support popular communication.
Argentine president Cristina Fernández de Kirchner and her Venezuelan counterpart Hugo Chávez underlined the significance of the Union of South American Nations (UNASUR) during his one day visit to Buenos Aires. Chavez is on a tour of the region that also includes Uruguay, Bolivia and Colombia.
The Latin American Development Bank, IDB, plans to help Latin American countries “de-dollarize” their economies by providing more financing in local currencies, said bank President Luis Alberto Moreno.
Latin America can help solve the global food crisis by expanding farm production, the World Bank said this weekend, and Colombia said it was on board with plans for an 'agricultural revolution'.
The Inter-American Development Bank approved 12.136 billion US dollars in new operations in 2010 and made 10.341 billion in loan disbursements from its ordinary capital, according to its latest annual report issued over the weekend.
Ultra nationalist former military officer Ollanta Humala has knocked out former president Alejandro Toledo as the leading candidate for Peru’s tightest presidential campaign in recent history.
The Inter-American Development Bank Group expects to more than double its annual financing to companies in Latin America and the Caribbean over the next four years, a move that will help the Group fulfill its mission to promote development though the private sector in the region.
The March 9 earthquake and tsunami destroyed most of Japan’s profitable salmon industry, but Japan’s loss may be Chile’s gain. <br />
The catastrophe directly hit the main fishing areas in the provinces of Aomori, Iwate, Miyagi, Fukushima, Ibaraki and Chiaba, destroying 20% of the salmon industry and completely shutting down fishing ports.