The United Nations development agency stressed the need for good social policies to help Latin America deal with the impact of the global economic crisis, which threatens to undo the progress achieved in the region in fighting poverty and other socio-economic ills.
Latinamerica’s Economic Climate Index (ECI), --developed between the German Ifo Institute from the University of Munich and Brazil’s Getulio Vargas Foundation, FGV-- increased to 5.6 points from 5.2 between October 2009 and January 2010, consolidating the trend of economic recovery in the region.
Citizens from Mercosur full members and some associate countries will be allowed to travel to Venezuela with no need of a passport, simply with their national ID, as of next Thursday announced Venezuela’s Identification and Foreigners office.
Mexico’s GDP shrank by 6.5% last year amid the global recession, greater than the 6.2% of 1995 but the less severe end of the range of 6.5 percent to 7.5% decline forecast by the Mexican central bank.
Latinamerican and Caribbean nations are to set up a new regional bloc of all the countries in the Americas, with the exception of the United States and Canada. The decision was formalized Tuesday at a regional summit of the so called Rio Group in the Mexican resort of Cancun.
The United Kingdom said on Tuesday it was willing to re-open talks with Argentina but not on Falkland Islands sovereignty or the development by the Islanders of a hydrocarbons industry. The statement came on the eve of a meeting of Argentina’s Foreign minister Jorge Taiana with UN Secretary General Ban Ki Moon.
The new Latin American and Caribbean bloc planned without regional neighbours Canada and the United States are consistent with US goals for the region, a State Department spokesman said Tuesday
The United States has a “neutral” stance regarding the question of the Falklands/Malvinas sovereignty but recognizes the current British administration of the Islands, said US State Department spokesperson during the daily press conference.
Brazilian president Lula da Silva condemned on Tuesday the United Nations Organization (UN) and its Security Council for not recognizing Argentina's sovereignty over the Malvinas/Falkland Islands.
Latin American leaders will work to diffuse tensions between Colombia and Venezuela after presidents Alvaro Uribe and Hugo Chavez, got into a shouting match and exchange of insults at the Rio Group summit in Mexico.