The same World Bank report that foresaw a gloomy 2024 for Argentina forecasted a 3.2% growth for Uruguay in a region headed for poor average performance, the World Economic Outlook released Tuesday in Washington DC projected growth in Latin America and the Caribbean to reach 1.8% in 2024 before bouncing back to 2.7% in 2025 as interest rates and inflation slow down.
According to the latest World Economic Outlook report released Tuesday by the World Bank from its headquarters in Washington DC, Argentina's economy is expected to fall sharply this year, thus becoming the Latin American country going through the tightest contraction in the region before rebounding in 2025. The study projected a 3.5% drop this year followed by a 5% surge in 2025, thus outperforming the rest of the continent.
The Brazilian administration of President Luiz Inácio Lula da Silva Tuesday canceled a tender whereby some 263,000 tons of rice were to be purchased abroad to make up for the crops lost in the flooded State of Rio Grande do Sul. The decision was made after signs of irregularities were detected in the bidding companies. Rio Grande do Sul accounts for 70% of Brazil's rice production.
Paraguayan President Santiago Peña signed into law a bill providing for the creation of the so-called linked towns bordering Argentina and Brazil. The measure grants residents a preferential status in economic, labor, health, and cultural issues, it was explained.
Foreign Ministers Wang Yi of China and Mauro Vieira of Brazil discussed their countries' joint proposal for peace in Ukraine while attending a BRICS ministerial meeting in Nizhny Novgorod, Russia.
Gibraltar Health and Care Minister, Gemma Arias Vasquez, speaking at United Nations headquarters in New York has told the Decolonization Committee of 24 it has failed to engage with Gibraltar for decades. The UN session started on Monday at 9.30 am in New York.
Argentina will not endorse the World Health Organization (WHO) sponsored Pandemic Treaty, Presidential Spokesperson Manuel Adorni announced Monday.
Brazilian President Luiz Inácio Lula da Silva Monday received a call from his Russian colleague Vladimir Putin to discuss ongoing world affairs including the war in Ukraine and BRICS' possible role in solving that conflict.
The Falkland Islands Government through its Fisheries Department will be implementing improvements to be made for fishing vessel surveillance and electronic catch reporting.
US Secretary of State Antony Blinken Monday kicked off his new Middle East tour in Cairo. He is believed to be seeking a ceasefire in Gaza eight months into the conflict triggered by the terrorist group Hamas' invasion of Israel killing over a thousand people and taking some 250 others hostage, of whom about 50% have been either rescued or handed back over to their land. It is yet to be known how many of them are still alive. Blinken reportedly plans to broker their release.