Finance Ministers of the seven most industrialized countries, meeting in Halifax Canada, expressed confidence in the world's economic prospects, that they describer as encouraging.
The economies of the G 7, United States, Canada, Germany, Britain, Italy, France and Japan have not ceased to strengthen and should continue to do so for the rest of the year, said the official release after the meeting was over.
United States and United Kingdom seem to have inflationary pressures under control diminishing prospects of an interest rate rise in the coming months.
The World Bank is concerned about diminishing direct investments in Latinamerica that could have a negative impact in a continent already suffering from financial and political difficulties, according to the organization's head economist for the area, Guillermo Perry.
The IMF mission currently in Buenos Aires discussing the resumption of credit to Argentina increased demands regarding financial and banking reforms, while the Duhalde administration, limited in its political support, must also address growing differences between the Economy Ministry and the Central Bank.
Markets reacted positively to the measures announced on Thursday by the Brazilian government to help restore confidence among investors, although doubts about the long term capacity of the country to repay its foreign debt remain.
Headlines: Chile moves ahead; ICU for the agonizing patient; Tough negotiation ahead; G7 to press Argentina and the IMF.
Fernando Belaunde Terry, twice President of Peru, has died , aged 88. Here is an appraisal of the man and his contribution to Peruvian politics by Mercopress Correspondent Harold Briley, who knew him personally.
Former Argentine president Carlos Menem, currently in Washington, addressed this Monday a conference of Conservative political leaders from all over the world and in the evening was invited to a welcome dinner offered by President George Bush in the White House.
Former economy minister Domingo Cavallo walked free after an appeals court overturned last Friday his previous indictment on charges of smuggling weapons to Ecuador and Croatia last decade, ending his 65-day confinement in Campo de Mayo.
An International Monetary Fund, IMF, delegation is expected next week in Buenos Aires to resume financial aid discussions with the Argentine government in an attempt to stabilize the country's economy going through one of its longest recessions in history.