Economist Santiago Peña of the National Republican Assembly (ANR) also known as the Colorado Party is to be sworn in Tuesday as Paraguay's new head of state during a ceremony in Asunción which will be attended by several former and current Latin American leaders such as Argentina's Alberto Fernández; Brazil's Luiz Inácio Lula Da Silva and Uruguay's Luis Lacalle Pou, Chile's Gabriel Boric Font and Bolivia's Luis Arce Catacora.
The International Monetary Fund es expected to release over US$ 10 billion to Argentina which might come as some sort of relief following Monday's decision to devaluate the local peso in the aftermath of the government's poor performance Sunday at the Open, Mandatory, and Simultaneous Primary (PASO) elections.
The Government of Argentina Monday ordered a 22% devaluation of the national currency which stood at AR$ 365 / US$ 1 on the official market. Financial authorities also raised the interest rate from 97% to 118% annually, it was reported in Buenos Aires. Thus, the monthly rate will be 9.83% and the effective annual rate will be 209%.
Brazilian President Luiz Inácio Lula da Silva Monday visited former Paraguayan head of state Fernando Lugo while in Asunción for Santiago Peña's inauguration Tuesday.
By Julieta Heduvan (*) – Santiago Peña assumes Paraguay’s presidency this Tuesday August 15 with a number of advantages, including a supportive Congress. But he faces also numerous challenges, as he tries to unite his party, manage the influence of his political mentor—businessman and former President Horacio Cartes—and handle international negotiations, from the Itaipú accord to U.S. sanctions against Paraguayan politicians.
14 August is Falklands Day and commemorates the first sighting of the Falkland Islands on that day in 1592 by the English navigator and explorer, John Davis, on board his 120 ton vessel 'Desire'. Davis (1550-1605) was one of the principal navigators under Queen Elizabeth I.
Ecuadorian politician Pedro Briones of former President Rafael Correa's Revolución Ciudadana (RC) party, was shot dead just days after the killing of presidential candidate Fernando Villavicencio of the Movimiento Construye.
Argentine health authorities have confirmed the detection in the South American country of the new Eris subvariant of the Covid-19 virus. The cases were confirmed in Cordoba and in the Autonomous City of Buenos Aires, it was reported. EG.5, a sublineage of the rapidly spreading Omicron variant, has already been found in the United States, Mexico, Ecuador, and Colombia.