President Horacio Cartes said that during 2014 links between Paraguay and Mercosur will be fully re-established and by then all the skirmishes motivated by the access of Venezuela as full member of the group, “will be overcome”. However Cartes also mentioned that Paraguay, with support from Chile has a strategic access to the Pacific basin.
The government of President Cristina Fernandez told the business community on Monday that Argentina has an interest in a ‘balanced’ negotiation between Mercosur and the European Union to reach a political, association and trade agreement. However the timetable approach of Argentina does not seem to fit with the rest of Mercosur, mainly Brazil.
Following a meeting with President Dilma Rousseff, Banco Santander Chairman Emilio Botin said that the Spanish bank has 10 billion dollars available to finance infrastructure projects in Brazil. He also anticipated that loan book growth at Banco Santander Brasil SA would be up about 10% in 2013.
Argentina's Consumer Price Index (IPC) was of 0.8% in August, according to the INDEC statistics bureau, totalling 6.6% this year. Price hikes were mainly seen in food and beverage, household equipment and maintenance sectors. Meanwhile, entertainment costs went down in August.
Uruguay's economy expanded 5.6% in the second quarter compared with the same period a year earlier and 2.1% compared with the first three months of this year, the central bank said in its quarterly report.
Paraguayan president Horacio Cartes begins on Monday a two-day visit to Chile where he is scheduled to meet his peer Sebastián Piñera and hold a round of talks with business people inviting them to invest in Paraguay. At the end of the month Cartes will be flying to Brasilia to meet President Dilma Rousseff.
Brazil is to top the world soybean production league for the first time, thanks to the incentive to farmers provided from resilient prices and a weak Real, overtaking the US, whose hopes have been dented by drought.
Chilean military dictator Augusto Pinochet legacy lives heavily in a country which has had a spectacular economic performance since the return of democracy, but remains lame in several social and political issues.
Latin America’s cash transfer programs are a more effective weapon against poverty and social inequality than economic growth alone, according to a study by two local economists.
Argentine Defence Minister Agustín Rossi and his Brazilian counterpart Celso Amorim issued a joint statement with cyber-defence taking the centre stage of the bilateral agenda, during the official ceremony at the Libertador building, seat of the Defence ministry in Buenos Aires.