On Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that the country set in its first Naturally Determined Contribution (NDC) to the Paris Agreement.
The Inter-American Development Bank (IDB) announced the four winners of the fifth Superheroes of Development contest, which rewards creative and innovative solutions used in development projects financed by the IDB, IDB Invest and IDB Lab (IDB Group) in Latin America and the Caribbean.
Another record year for Brazil/Canada bilateral trade. Between January and September of this year, the trade flow – which represents the sum of imports and exports – totaled US$ (FOB) 8.223 billion, surpassing the US$ (FOB) 7.497 billion accumulated in the 12 months of 2021.
Based on the so-called Energy Charter Treaty, ECT, which pretends to follow climate objectives, European energy companies have been suing their governments to protect their hydrocarbon investments in recent years. France and the Netherlands announced their intention to exit ECT last week saying it was not in line with the green plan. Italy pulled out in 2016, with Spain and Poland following in recent months. And more countries could follow, analysts say.
Foreign Ministers of the Community of Latin American and Caribbean States (CELAC) in Buenos Aires Wednesday issued a statement calling for the consolidation of regional unity while deepening strategies for joint approaches regarding the bloc's connection with the rest of the world.
Peruvian health authorities Wednesday announced the lifting of the state of emergency declared amid the COVID-19 pandemic as well as all sanitary restrictions imposed thereby.
Britain's newly-appointed Prime Minister Rishi Sunak Wednesday announced he was postponing the presentation of his plan to curb the country's current crisis and set Nov. 17 instead of Oct. 31 for the official launch.
Carmakers Fiat had to halt production Wednesday at its plant in the Argentine province of Córdoba due to the lack of imported inputs, the Stellantis group explained.
The Comedy Wildlife Photography Awards just released a gallery of their 2022 Finalists, and the list is as wholesome and heartwarming as can be for a conservationist competition. The 2022 Comedy Wildlife Photography Awards finalists provide a brief respite from the horrors of a politically unstable post-plague world, but they also carry an important message of conservation--.
Uruguayan Customs is to seize any package over 5 kilos to protect traders in border towns, who suffer the consequences of the depreciation of the Argentine peso which makes shopping across the border more convenient, it was announced.