The Australian Capital Territory of Canberra in Australia is the best place in the world to live, according to a report by the Organization for Economic Cooperation and Development (OECD). Canberra led the regional ranking while Australia topped the overall country rankings, followed by Norway.
The head of the OAS Electoral Observation Mission in Peru, Uruguayan Senator Sergio Abreu underlined the orderly way in which Peruvians went to vote on Sunday's regional and municipal elections, this despite some regrettable episodes of violence in the pre-election phase, Election Day at some polling stations, and at the conclusion of voting in some departments.
Although pollsters in Brazil got it right with President Dilma Rousseff victory and the growth tendency of runner up Aecio Neves in the last days leading to Sunday's presidential election, they failed dismally in percentage estimates.
A run off in November to elect Uruguay's president seems most certain because none of the two leading candidates will manage a majority in the first round on 26 October, according to the latest public opinion poll.
Under the heading of Emerging markets prospects and strategy the US bank group JPMorgan-Chase states that no matter who wins in Uruguay's 26 October presidential election, we do not expect significant changes in the framework of current policy.
The International Monetary Fund kept Uruguay's growth estimate for this year at 2.8% but lowered the forecast for 2015 to 2.8% from 3%, according to the latest World Economic Outlook. Last year the Uruguayan economy expanded 4% and the government's target for this year is 3%.
The Argentine economy needs an urgent change of course which would have the effect of reestablishing normal relations with the financial market, a crucial step to open a maneuvering space in an ever more complex environment, suggested Augusto de la Torre, World Bank chief economist for Latin America.
During the recent commodity boom, Latin America and the Caribbean proved that growth could be pro-poor and help fuel tremendous social progress. Now as growth slows regionally and beyond, it is critical to consider what will shore up economic activity while ensuring the poor won't stay behind.
Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.
World Bank Chief Economist for Latin America and the Caribbean Augusto De la Torre has said the ongoing conflict between Argentina and holdout creditors is due to the “lack of international debt regulation frames”, and favored Argentina's initiative in the UN to “solve the situation.”