The International Monetary Fund, IMF, was involved in a diplomatic mishap last week when it became the first multilateral institution in recognizing a Venezuelan government that lasted just over 24 hours.
In spite of progress in the last round of free trade talks between United States and Chile, held in Santiago, the lack of the Trade Promotion Authority, TPA, (the former fast track), is becoming a growing hurdle for a definitive agreement.
Mercosur Congressional representatives requested an urgent definition from the International Monetary Fund, IMF, regarding financial support for beleaguered Argentina.
Hugo Chavez was freed by his military captors and returned to reclaim the Venezuelan presidency Sunday, in a dramatic restoration of power two days after the military said he had resigned.
The 16th Rio Group Summit ended Friday in Costa Rica with a call for a reduction in defense spending in order to better fight poverty.
Vowing to restore Venezuelan democracy, business leader Pedro Carmona was sworn in Friday as the nation's interim president following the ouster of Hugo Chavez.
Venezuelan President Hugo Chavez resigned on Friday after senior military officers insisted the flamboyant ex-paratrooper leave office, blaming him for violence against a huge anti-Chavez protest in which at least 10 people were killed.
Uruguayan and United States trade officials signed this week in Montevideo the starting agreement for trade and investment promotion that eventually could lead to a full free trade agreement between both countries.
Argentina and the IMF delegation currently in Buenos Aires agreed to find a monitoring and control mechanism to ensure that the targets of the federal fiscal pact and honored and provincial deficits are effectively reduced.
The International Monetary Fund approved a 15 billion US dollars additional contingency loan for Brazil, following the satisfactory perfomance of the Brazilian economy, according to a release from the multilateral organization.