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Stories for May 19th 2003

• Monday, May 19th 2003 - 21:00 UTC

  Kirchner promises support for fisheries sector.

  Elected President Néstor Kirchner's, who takes office May 25 says the fishing industry will form a substantial part of Argentina's economic and social development. He intends to strengthen fishing and associated industries in existing production areas, optimizing the benefits of a rational and sustainable use of fishery resources.

• Monday, May 19th 2003 - 21:00 UTC

  Successful Uruguayan debt exchange.

  Almost 90% of Uruguayan sovereign bond holders accepted the voluntary debt exchange proposed by Uruguayan authorities involving 5,393 billion US dollars. This means that 4,854 billion US dollars will be formally changed next May 29 with the documentation passing through the United States Securities and Exchange Committee.

• Monday, May 19th 2003 - 21:00 UTC

  IMF, WTO and WB push for market access.

  The need to fully appreciate the value of liberalizing world trade, particularly in agriculture, is essential to allow trade negotiations to move forward again before the WTO ministerial conference in Cancún next September, was emphasized in a joint statement by the International Monetary Fund, World Trade Organization and the World Bank.

• Monday, May 19th 2003 - 21:00 UTC

  Risk of deflation extends.

  For decades Keynesian and growth policies stimulated employment and domestic demand, but also inflation, until it became a kind of curse. Now, according to one of the latest papers of the International Monetary Fund, IMF, several countries, including Japan and Germany, face the risk of deflation.

• Monday, May 19th 2003 - 21:00 UTC

  “A new Argentina is emerging”

  Elected Argentine president Nestor Kirchner, who takes office next May 25, anticipated he will struggle to recover the government's action capacity and “Argentines can count that I'm not going to be an employee of financial interests”.

• Monday, May 19th 2003 - 21:00 UTC

  Rammell welcomes new Postcode for the Falkland Islands.

  From today, residents of the Falkland Islands will be able to enjoy a postcode, similar in format to those used in the UK. Bill Rammell, Foreign Office Minister, welcomed the innovation, saying: