Poverty and extreme poverty levels rose in Latin America as a regional average in 2015 and 2016, after more than a decade of declines in the majority of countries, while in 2017 they are expected to hold steady, the Economic Commission for Latin America and the Caribbean (ECLAC) said.
Leaders from Brazil, Mexico and Argentina in the framework of the G-20 summit in Korea called on rich countries for a commitment to end the “currencies war” and ensure balanced growth out of the current crisis.
By Augusto de la Torre (*) - In 1672, Potosí, Bolivia, was one of the largest and richest cities in the world. Located at the base of Cerro Rico, Potosi was a hotbed of Spanish silver mining, the operations of which were so prolific; a Potosi became synonymous for great riches.
The Latin American economy could grow by as much as 5% this year, more strongly than previously expected (4%), driven by Brazil's vigorous expansion, according to a senior International Monetary Fund official.
The recovery in Latin America and the Caribbean is advancing faster than anticipated but at different speeds across countries, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook-Western Hemisphere report, which was launched Tuesday in Montevideo, Uruguay.
Former Argentine president Nestor Kirchner was sworn Tuesday as Secretary General of the Union of South American Nations, UNASUR, following the consensus reached among the twelve country members overcoming differences of previous meetings.