Venezuelan President Hugo Chavez announced Friday plans to reduce the value-added tax and reform the currency, in an effort to curb inflation and product scarcity.
Latin America's current drift to the political left suggests voters are uncertain, and in some cases dissatisfied, with their economies, said on Friday the head of the International Monetary Fund Rodrigo de Rato addressing a business conference in New York.
Venezuela will reinforce security measures after a branch of al Qaeda called for attacks on suppliers of oil to the United States, the defence minister said on yesterday.
Mexico's economy, Latinamerica's largest expanded 4.8% in 2006 compared to 2005 and the highest in six years reported the Finance Secretary in an official release.
A European Commission proposal that would have allowed Member States to divert some Common Agricultural Policy (CAP) direct farm payments to rural development spending was almost unanimously rejected by the European Parliament with 89 votes in favour, 584 votes against and 19 abstentions. The Commission must now decide if it will withdrawal the proposal.
Organization of American States (OAS) head José Miguel Insulza said that Chile and Peru should settle their differences over a recent border conflict via dialogue. At a visit to Lima for a meeting of Latin American countries involved in the peacekeeping process in Haiti, Insulza warned of the presence of radical sectors, or hawks, wishing to upset relations between the two countries.
United States chief trade official Susan Schwab said the Bush administration is very anxious to see Congress vote for the free trade agreements with Peru, Colombia and Panama which have been stalled by Democrats' concerns over labor provisions.
The entire Latin America region needs to take preventive measures to prepare for what promises to be a difficult year for dengue fever following an outbreak of the mosquito-borne infection in Paraguay, United Nations health officials have warned.
The historic pact of Latin America and the Caribbean States to maintain a nuclear-weapon-free zone, the first-ever of its kind, has withstood the test of time and should spur greater efforts to rid the world of these arms, United Nations Secretary-General Ban Ki-moon said Wednesday in honoring the 40th anniversary of the landmark agreement.
In the wake of an appeal by the President of Bolivia for international assistance, United Nations agencies are stepping up aid to people in the country devastated by flooding, hail and freeze which have affected 200,000 and killed more than 20.