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China and IADB agree on one billion investment fund; warnings from Brazil

Monday, March 19th 2012 - 23:28 UTC
Full article 37 comments

China and the Inter-American Development Bank said on Monday they are starting a 1-billion US dollars fund to invest in Latin America, though the Asian giant’s latest push to expand its influence in the region prompted words of caution from Brazil. Read full article

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  • GreekYoghurt

    The BRICS Battle Royale begins.

    Mar 19th, 2012 - 11:42 pm - Link - Report abuse 0
  • Marcos Alejandro

    Lorton, where you saying? :-)
    Breaking News
    Peru canceled a visit by a British warship.

    Mar 19th, 2012 - 11:49 pm - Link - Report abuse 0
  • Stefan

    Ah, China looking to take advantage of the WEAK countries in South America. Chavez will be more than willing to sell them off in exchange for some cake.

    Mar 20th, 2012 - 12:00 am - Link - Report abuse 0
  • Marcos Alejandro

    In a display of “Latin American support for Argentina’s legitimate rights,” the Peruvian government has announced its decision to render void the protocol visit of a British frigate scheduled to dock in a Peruvian port this week.

    “This decision has been made to honour our commitment with the Unasur and a Latin American support for Argentina’s legitimate rights regarding the Malvinas, South Georgia and South Sandwich islands, and their surrounding maritime territories,” Peruvian Foreign Minister Rafael Roncagliolo said in a brief statement to news agencies

    Mar 20th, 2012 - 12:08 am - Link - Report abuse 0
  • Stefan

    @4 - OH NO!!!! Now the British have to worry about Peru and their vast military capabilities! Laughable. When will South America grow up?

    Mar 20th, 2012 - 12:13 am - Link - Report abuse 0
  • rebeldenacion

    This is how Cristina Kirchner and her cronies get into power:
    www.youtube.com/watch?v=UyPC0SD0PGw

    Mar 20th, 2012 - 01:00 am - Link - Report abuse 0
  • Marcos Alejandro

    @5 OH YES!!!! Now the British have to worry about South America.

    Mar 20th, 2012 - 02:15 am - Link - Report abuse 0
  • Frank

    @7 Bollocks... it just shows that you should never trust the word of a dago.....

    Mar 20th, 2012 - 02:18 am - Link - Report abuse 0
  • Marcos Alejandro

    @8 Are you fuming over the news?
    Good

    Mar 20th, 2012 - 02:30 am - Link - Report abuse 0
  • Frank

    Not at all.... but its just bad manners to invite someone and then take back the invite.... I guess someone got a knock on the door at midnight....

    So how does this affect the Falklands....? I can't think of anything they need from Peru.... tinned asparagus maybe....?
    What does Peru get from the Falklands... employment on FI fishing boats.... not a huge source of foreign exchange but important enough if you are one of the fishermen. The only other FI export I can think of is the cast off children's clothing the Peruvian fishermen get from the Fishermen's Mission......

    Mar 20th, 2012 - 03:17 am - Link - Report abuse 0
  • brit abroad

    Marcos,

    It doesnt matter whether you have some form of unity in the Americas over the RG claim to the falklands. In fact it seems perfectly logical that the Americas would bond over the issue especially as they gain economic momentum and become increasingly reliant on one another!

    Why should we need to worry about South America? In what capacity?

    So your point is what? You dont have one really, do you?

    Mar 20th, 2012 - 03:33 am - Link - Report abuse 0
  • Marcos Alejandro

    10 “Frank” Bad manners you say? Coming from a person that uses racist comments is laughable.
    What does Peru get from Malvinas you say? It allows fishing companies to treat them as modern slaves.

    Mar 20th, 2012 - 03:44 am - Link - Report abuse 0
  • brit abroad

    marcos you constantly avoid backing up the shite you post in these forums

    Mar 20th, 2012 - 03:52 am - Link - Report abuse 0
  • Fido Dido

    “Ah, China looking to take advantage of the WEAK countries in South America.”

    China tries to take advantage of everybody, even the US who they own. Next time when you go to your favorite store “Walmart”, check out the labels where the products it sells are made, for the majority.

    “Chavez will be more than willing to sell them off in exchange for some cake.”

    Really? Is that what you have been taught by watching fox news, cnn or msnbc? Proves my point you're imbecile that needs to go back to school.

    “@4 - OH NO!!!! Now the British have to worry about Peru and their vast military capabilities! Laughable. When will South America grow up? ”

    Grow up yourself rather than typing comments here out of your ass. Didn't your mom taught you to think before you want to talk about an area you have no clue about? Apparently not. This article doesn't even mention anything about Peru, a nation you never visited and knows nothing about.

    Mar 20th, 2012 - 03:58 am - Link - Report abuse 0
  • Marcos Alejandro

    13 brit abroad

    http://en.mercopress.com/2010/08/18/spanish-fishing-vessels-threatening-to-abandon-the-port-of-montevideo

    Mar 20th, 2012 - 04:04 am - Link - Report abuse 0
  • brit abroad

    So you post a link to an article about Spanish fishing vessels thinking of changing where they harbour and offload to the falklands! And that has relevance to my post @11 and @13????????????????????????????????????????

    So! go and read my post again and then get back to me when you can back-up your idiotic posts

    Mar 20th, 2012 - 04:31 am - Link - Report abuse 0
  • GreekYoghurt

    Top Tips for Dealing with South Americans
    ==============================
    a) First you listen to the South American.
    b) Then you agree something with the South American.
    c) Then they renege on the agreement.
    d) Then you sit and wonder if they have any honour or spines at all.
    e) Then you realise that they don't.

    Mar 20th, 2012 - 07:08 am - Link - Report abuse 0
  • brit abroad

    @ 17

    f) then go back to a)

    Mar 20th, 2012 - 07:55 am - Link - Report abuse 0
  • The Cestrian

    another negative outlook on the Argentines this time on their nationalisation and theft of other companies:

    http://www.thenational.ae/thenationalconversation/industry-insights/energy/argentina-offers-a-lesson-in-how-not-to-run-an-oil-policy

    Mar 20th, 2012 - 09:14 am - Link - Report abuse 0
  • GreekYoghurt

    @19 I don't think they have an oil policy, let alone know how to run one.

    They seem to think they can sell concessions, where they buy all the oil for a fraction of the retail value, leading to no investment money, to which they take back the concession.

    That's not a strategy, that's slapstick.

    Mar 20th, 2012 - 09:54 am - Link - Report abuse 0
  • Stefan

    @14 - I was replying to Marcos' comment, moron. If your insults involve attacks on random news networks, you must be desperate. It's funny how you swing from the extremes of Fox News to MSNBC. Two stations that couldn't be more different. haha. I wouldn't have to watch the news to know about how corrupt South America is. I just have to go to the border and look over.

    Mar 20th, 2012 - 11:37 am - Link - Report abuse 0
  • McClick

    As long as Brasil's present strategy continues to guide close relationship between China-Brasil,the political and economic agenda of groups linked to agrobusiness,mining,petroleum extractions will predominate in Brasil and dispute for investment and control of natural resources in the region will continue.

    Mar 20th, 2012 - 11:55 am - Link - Report abuse 0
  • Room101

    Yesa: Wake up, Brazil; the others are asleep and too interested in greed and immediate profits to notice that they will lose their countries.

    Mar 20th, 2012 - 11:59 am - Link - Report abuse 0
  • ChrisR

    As it says in the bible 'Beware the Yellow Peril'.

    (from an Atheist)

    Mar 20th, 2012 - 12:23 pm - Link - Report abuse 0
  • McClick

    Bible says “” Beware of yellow peril - lemon “” not Chinese !

    Mar 20th, 2012 - 12:27 pm - Link - Report abuse 0
  • The Cestrian

    This isnt good news for south america. the chinese are basically plundering South american resources and at a cheap price to bolster the economies of some of the SA countries. At some point the resources will run out as they wont be able to keep both external and internal demand satisfied.

    not only that but the Yanks wont be happy and there will be a price to pay for that.

    there is an increasing slippery slope developing for the South american countries now what with trade protectionism, the economic bubble bursting as the world recession now hits that continent and squabbles like that between the RG's and the FI/bolivia and Chile now being used as a smokescreen for their internal woes.

    This is all familiar stuff. None of it leads to anywhere good.

    Mar 20th, 2012 - 01:28 pm - Link - Report abuse 0
  • GreekYoghurt

    @24 Is that quote from Athiest Bible, the God Delusion, by dawkins-jesus?

    @26 They've done the same in Africa, it's nothing new. If you sleep with the devil, you typically get sodomised by the devil, and you have to say you enjoyed it.. and wear a gimp mask.

    Mar 20th, 2012 - 01:33 pm - Link - Report abuse 0
  • Room101

    Assuming that the devil is a male, of course.

    Mar 20th, 2012 - 01:42 pm - Link - Report abuse 0
  • McClick

    @ 28

    Well done ,if you write the word of “” the devil“” as “” the Devil“”
    then it shows separate meaning.

    Mar 20th, 2012 - 02:42 pm - Link - Report abuse 0
  • ChrisR

    27 GreekYoghurt
    “the kings from the East” in the Christian scriptural verse Revelation 16:12 -
    'And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared'. (King James Bible) Interpreted as Mongols (chin) / Japanese.

    And I used to be the head server in my parent's church, then I studied science and THEN I grew up. I have never read any article by Dawkins or even studied atheism.

    I do not need the 'sucker dummy' that there is someone who can save me, or scare the bejeebers out of me, either in this life or some 'other life' after death.

    In my experience you have to look after yourself and your family and friends, no-one else, least of all a 'supreme being' is going to do it for you.

    You may see it as paradoxical that I do believe in some parts of the bible such as do unto others as you would want done unto you and especially (in serious cases) an eye for an eye.

    28 Room101 Or even assuming the Devil exists. No God, No Devil.

    Mar 20th, 2012 - 05:36 pm - Link - Report abuse 0
  • Room101

    Methinks you protest too much.

    Mar 20th, 2012 - 06:45 pm - Link - Report abuse 0
  • Marcos Alejandro

    16 brit abroad Did they teach you how to read in UK?

    Mar 20th, 2012 - 07:22 pm - Link - Report abuse 0
  • Stefan

    @26 - I agree completely. South America prostituting itself to China through greedy blobs like Hugo Chavez, will end no differently than when China prostituted itself under the Quing Dynasty. Fast profits... eventual decline and collapse. Still, it might be fun to watch angry Argentinians forcibly pumping the plastic from KFCs body to sell for food.

    Mar 20th, 2012 - 08:12 pm - Link - Report abuse 0
  • MistyThink

    ( 33)

    What a fiery Twitter boy !

    Mar 20th, 2012 - 09:25 pm - Link - Report abuse 0
  • Stefan

    @34 - I'm not on Twitter :(

    Mar 20th, 2012 - 09:35 pm - Link - Report abuse 0
  • MistyThink

    ( 35)

    But you use here as if Twitter.

    Mar 20th, 2012 - 09:42 pm - Link - Report abuse 0
  • Stefan

    @36 - What do you know! So do you! Do you want to follow my tweets? I'd follow yours, but...

    Mar 21st, 2012 - 04:08 am - Link - Report abuse 0

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