The Falkland Islands hydrocarbons exploratory round begun over a year ago is steaming ahead. Desire Petroleum announced Tuesday it had begun exploratory drilling on the Ninky prospect with a total planned depth of 2.620 metres.
The number of farmland transactions and the price per hectare were up in Uruguay during 2010 according to a release from Uruguay’s Agriculture and Livestock Ministry Statistics Department, DIEA.
Venezuelan President Hugo Chavez was given a press freedom award during his visit on Tuesday to Argentina. The University of La Plata said it was honouring him for his efforts to break media monopolies in Latin America and support popular communication.
Argentine president Cristina Fernández de Kirchner and her Venezuelan counterpart Hugo Chávez underlined the significance of the Union of South American Nations (UNASUR) during his one day visit to Buenos Aires. Chavez is on a tour of the region that also includes Uruguay, Bolivia and Colombia.
China hosts Wednesday a Group 20 leaders meeting, originally scheduled to address the international monetary system, most probably criticism of the US Federal Reserve for flooding the world with money, but the latest world events, Japan, Libya and Europe’s debt crisis are bound to change the emphasis of the agenda.
Argentine President Cristina Fernandez de Kirchner will head the main commemoration of Malvinas Veteran and Malvinas Fallen Day next Saturday in Rio Gallegos, Patagonia which will be attended by former combatants and next of kin from those who lost their loved ones during the 1982 South Atlantic conflict.
The Latin American Development Bank, IDB, plans to help Latin American countries “de-dollarize” their economies by providing more financing in local currencies, said bank President Luis Alberto Moreno.
Latin America can help solve the global food crisis by expanding farm production, the World Bank said this weekend, and Colombia said it was on board with plans for an 'agricultural revolution'.
The Inter-American Development Bank approved 12.136 billion US dollars in new operations in 2010 and made 10.341 billion in loan disbursements from its ordinary capital, according to its latest annual report issued over the weekend.
Brazil's Planning Minister Miriam Belchior pressed the Inter-American Development Bank, IDB, to move quickly with its planned 70 billion US dollars capitalization to expand the reach of projects in Latin America.