Latin American governments should increase social spending while maintaining sound fiscal policies to reduce poverty and growing political dissatisfaction in the region, IMF Managing Director Rodrigo de Rato said at a conference in Boston.
Venezuelan President Hugo Chávez is hosting this weekend in Barquisimeto his closest regional allies at the summit of the Bolivarian Alternative for the Americas (ALBA), an integration bloc he and Cuban ruler Fidel Castro founded in 2004 to counter the Washington-based free trade model better known as the Free Trade Area of the Americas.
China announced Friday the appointment of a new Foreign Affairs Minister, replacing veteran diplomat Li Zhaoxing with a younger Yang Jiechi, who is a former ambassador to the United States.
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Inflation in China is forecasted to stay within the government's target zone of 3% in 2007 giving Beijing authorities enough space to push ahead with pricing reforms for resources, according to a government economist.
Chile's Michelle Bachelet and Brazil's Lula da Silva called for deeper regional integration and increased investment in education, two priorities that mirrored a consensus among the 400 business, government and civil society leaders from 28 countries participating in the World Economic Forum on Latin America in Santiago.
The dollar fell to an all-time low against the euro Friday, after a government report showed the U.S. economy slowed to a real annualized growth rate of 1.3% in the first quarter, marking the weakest expansion in four years.
Argentina will display a special emphasis in the world's multilateral space in defense of the Argentine claim over the Islas Malvinas sovereignty announced on Wednesday designate ambassador before United Nations, Jorge Argüello.
A federal appeals court yesterday overturned pardons for former dictators Jorge Videla and Eduardo Massera, saying they must return to prison to serve their life terms for crimes against humanity
Britain has offered Argentina support for its Antarctic operations following the recent fire that broke out in icebreaker Almirante Irizar and which could force the vessel out of action for almost two years.