Stories for April 2016

Tuesday, April 12th 2016 - 07:25 UTC
OAS calls for deep reforms in Peruvian electoral system, following Sundays vote

The OAS Electoral Observation Mission (EOM/OAS) to the general elections in Peru presented on Monday its preliminary technical report on Sunday’s general election, in which it recommends a deep electoral reform, including the system of disqualification of candidates.
Tuesday, April 12th 2016 - 07:15 UTC
Brazil's Lower House votes on Rousseff's impeachment next Sunday

A commission considering impeachment charges against Brazilian President Dilma Rousseff voted on Monday 38 to 27 in favour of accepting them, which sends the question to the full lower house of Congress for a vote most probably next Sunday. The decision deals a blow to the beleaguered Brazilian president and complicates the country’s political situation.
Monday, April 11th 2016 - 07:03 UTC
Brazilians favor early elections if both Rousseff and Temer are impeached

A smaller majority of Brazilians favor the impeachment of President Dilma Rousseff compared to last month, while more than half want her immediate successor to be impeached too, according to a survey released on Saturday by polling firm Datafolha.
Monday, April 11th 2016 - 06:46 UTC
Cristina Fernandez to be questioned in money laundering investigation; militants organizing support march

A Prosecutor decided on Saturday that former President Cristina Fernández de Kirchner must be included in a money laundering investigation following the testimony given by whistleblower Leonardo Fariña before Judge Sebastian Casanello on Friday.
Monday, April 11th 2016 - 06:31 UTC
Keiko Fujimori wins first presidential round in Peru, but polls anticipate she could lose the run-off

Fujimori, the conservative daughter of jailed former president Alberto Fujimori, won the first round of Peru's presidential election on Sunday but she will likely face center-right economist Pedro Pablo Kuczynski in a tight run-off. Exit polls and early official results showed Fujimori with close to 40% support, falling well short of the 50% needed for an outright victory.
Monday, April 11th 2016 - 06:05 UTC
ECLAC anticipates minus 1.9% contraction in economic activity this year in South America

Latin America and the Caribbean are forecast to have an average economic activity contraction of -0.6% during 2016, according to the latest release from the Economic Commission for Latin America and the Caribbean (ECLAC). This new estimate reflects that the contraction experienced by regional Gross Domestic Product (GDP) in 2015 (-0.5%) will extend to the current year.
Monday, April 11th 2016 - 05:46 UTC
Argentina ready to formally join the IMF fold; Prat-Gay to meet Lagarde this week

Argentina will start discussions with the International Monetary Fund (IMF) this week on its first Article IV review in a decade, Finance Minister Alfonso Prat Gay said at a conference held by the Institute of International Finance (IIF) in Nassau. “Next week we are going to have a discussion (with the IMF) to agree on an actual schedule for the next Article IV evaluation, which will happen sometime around September,” Prat Gay told the audience on Sunday.
Saturday, April 9th 2016 - 21:42 UTC
Keiko Fujimori poised to win Peru's first round presidential election, but opposition to her has climbed to 51%

Keiko Fujimori is poised to win the first round of Peru's presidential election on Sunday, but with insufficient votes to avoid a second round on June 5, according to the latest survey with data collected on April 6. The Ipso poll showed Keiko with 37.7% of valid votes, and a double digit lead over each of her nine rivals.
Saturday, April 9th 2016 - 16:39 UTC
Argentina begins next Monday road-show in UK and US to raise US$ 15bn

Argentine representatives will begin meeting investors Monday as the country returns to the international bond market for the first time in 15 years, it was announced by Economy minister Alfonso Prat-Gay from Bahamas, where he is attending the Inter American Bank annual assembly.
Saturday, April 9th 2016 - 16:13 UTC
EU and Mercosur agree to exchange market access offers in second week of May

The European Union Trade Commissioner Cecilia Malmström and Rodolfo Nin Novoa, Foreign Minister of Uruguay, which currently holds the rotating presidency of the South American trading bloc Mercosur, agreed on Friday in Brussels on the next steps in the negotiations on an EU-Mercosur trade agreement.