Argentina's Economy Minister Luis Toto Caputo Tuesday admitted people would be worse off for a couple of months while announcing in a recorded message the new measures adopted by the administration of President Javier Milei to bounce back from the deep crisis.
After Argentina's Economy Minister Luis Toto Caputo announced Tuesday in Buenos Aires a series of measures to tackle inflation, the Communications Director of the International Monetary Fund (IMF) Julie Kozack said in a statement that “these strong initial actions aim to significantly improve public finances in a way that protects the most vulnerable in society and to strengthen the exchange rate regime.”
Uruguayan President Luis Lacalle Pou Tuesday signed a regulatory decree regarding current regulations, which allows the music-streaming platform Spotify not to leave the country in February as previously announced.
Paraguay's economy is expected to grow 3.8% in 2024, according to a report from the South American country's Central Bank (BCP) released Tuesday in Asunción. The document also pointed out it would be the highest economic growth in the region next year.
The Brazilian delegation attending the United Nations Climate Change Conference (COP28) in Dubai this week called for stronger measures against the proliferation of fossil fuels, Agencia Brasil reported.
British PM Rishi Sunak and his 'stop the boats' policy managed a crucial vote when Parliament passed 313 to 269 on Tuesday the Safety of Rwanda bill, which intends to send asylum seekers and migrants to the African country.
While Economy Minister Luis Toto Caputo's message describing the government's next measures was aired, President Javier Milei appeared at the República Oriental del Uruguay Square in Buenos Aires for the celebration of the Jewish Hanukkah festivity.
Global trade through the Panama Canal is being severely disrupted by a drought affecting the man-made corridor, which could force shippers to choose other, more costly routes, it was reported. The historic waterway in Central America connecting the Pacific and Atlantic Oceans handles about 5% of international seaborne trade.
The UN Secretary-General Antonio Guterres, Mercosur member countries, the European Union and the US have called on Guatemala authorities to impede the Central American country's Attorney General's office to annul the general election result preventing President-elect Bernardo Arevalo from taking office in January.
Mercosur and the European Union failed to sign the much-expected and long-awaited free trade and cooperation agreement during the South American block summit in Rio do Janeiro, mainly because of discrepancies over forestry and agricultural land. Brazilian President Lula da Silva said he was committed to signing the agreement with the EU, and will not give up until achieved but further hurdles could be in the way.