International Monetary Fund officials have openly supported Uruguay's economic program and the voluntary exchange program currently under consideration by creditors.
During February economic activity in Argentina increased 5,8% over a year ago and 1,8% over January according to the latest release from the National Census and Statistics Institute, INDEC. Similarly the first two months of 2003 showed a 5% recovery over the same period in 2002.
Alan Greenspan said he would accept a fifth term as chairman of the Federal Reserve, the world's most influential central bank. Mr. Greenspan's comments, in a short statement, follow President George W. Bush public recommendation that he stay on the job for a fifth term.