Following the debt exchange, Argentina needs to address the remaining defaulted debt, in line with the lending-into-arrears policy of the IMF, and undertake structural reforms to ensure sustainable growth, the G7 said in a statement signed by its financial officials after a meeting in Washington.
Headlines:
Chilean icebreaker ends Antarctic season; Dollar exchange activity returning to normal; Magallanes hospital among the top 15; Punta Arenas US sister city; Patagonia South-South integration.
Former European Union Trade Commissar Pascal Lamy received this week the most support in the first round of consultations for a new head of the World Trade Organization, according to officials in Geneva.
United States is considering all alternatives for the election of the Organization of American States next Secretary General and doesn't discard supporting a consensus candidate, said Friday US Under Secretary for Hemispheric Affairs Roger Noriega.
Surging raw material prices, better trade figures, stronger currencies and the lessons from the past seem to have imposed a sober mood in the Inter American Development Bank, IDB annual Assembly held this week in Okinawa, Japan.
Sea freight costs leaving Chile have increased 90,5% in the last twelve months according to the Index of Sea Export Freights, IFNE which is calculated by the Manufacturing and Services Export Association of Chile.
Lan Chile will begin operations in Argentina next June through Aero2000-Lan absorbing a thousand workers from two bankrupt Argentine airlines, was announced in Buenos Aires.
Facing growing street protests demanding his ouster, President Lucio Gutierrez declared a state of emergency Friday night in the capital and dissolved the Supreme Court in an effort to resolve an escalating political crisis.
Chilean Defence officials participated in Fort Worth, Texas, of the roll-out ceremony for the first of ten F-16 fighter bombers built by Lockheed-Martin and to be incorporated to the Chilean Air Force.
Argentine president Nestor Kirchner called in Germany for a restructuring of multilateral credit organizations and argued that the Argentine debt swap was successful because it left out the IMF and acted opposite to Fund's recommendations.