The government of Peru announced through its prime minister, Mercedes Aráoz, that it has withdrawn the invitation it sent to Venezuelan President Nicolás Maduro in November to attend the eighth Summit of the Americas, to be held in Lima on the 13th and 14th. of April; a week of the criticized presidential elections decreed by the Constituent Assembly in Venezuela.3 comments
Venezuela's president, Nicolas Maduro, announced that he will attend the Summit of the Americas “at all costs” to bring “the truth of the country” at a press conference at the presidential palace in Caracas despite the Peruvian government reported that his presence would not be welcome in the Andean country.3 comments
The United States Travel Advisory for Uruguay offered a not very encouraging description of the country for foreign visitors but anyhow is well distanced from most of the rest of Latin American, and neighbors.Add your comment!
The chairman of the charity Oxfam International, Juan Alberto Fuentes, has been arrested in Guatemala. Fuentes was detained as part of an investigation into a corruption scandal dating back to his time as Guatemala's finance minister, but no charges have been brought so far.Add your comment!
The Peruvian-Argentine consortium Kuntur Wasi said that it plans to sue Peru in an international arbitration court after failing to reach a deal with the government over the cancellation of its US$525 million Chinchero airport project.
When Ecuadorians vote on Sunday barring former president Rafael Correa from re-election, they will also be choosing whether to buck a trend across South America in which overbearing former presidents just can’t let go of power.
United States Secretary of State Rex Tillerson will travel to Austin, Texas, and then to Mexico City, Mexico; Bariloche and Buenos Aires, Argentina; Lima, Perú; Bogotá, Colombia; and Kingston, Jamaica on February 1-7. According to a release from the State Department, Secretary Tillerson will engage with regional partners to promote a safe, prosperous, energy secure, and democratic hemisphere.
Brazil will head to the polls on October 7 in what is set to be the most polarizing presidential race in living memory. While the final ballot is beginning to take shape, there is still a question mark over the candidacy of former president Luiz Inácio Lula da Silva (Workers’ Party), who may be ineligible to run after his impending appeals court decision on charges of corruption. The imbroglio surrounding Lula guarantees that however the 2018 election turns out, both sides will feel they have reason to call foul play.
Argentina sold US$ 9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America’s third largest economy sold US$1.75 billion in five-year bonds at a yield of 4.625%, US$ 4.25 billion of 10-year bonds at 6% and US$3 billion in 30-year bonds at 7%, the ministry said. It said the yields were the lowest in Argentina’s history.
Latin America's GDP growth is projected to increase to 2.2% in 2018 from 1.3% in 2017. The Pink Tide has receded for the moment, giving rise to more centre right governments in the region. In 2018, Brazil, Mexico, Colombia, Costa Rica, Paraguay and Venezuela will have presidential elections. Venezuela’s political and economic tragedy could get worse.