Economy

• Friday, May 18th 2018 - 07:49 UTC

  IMF confirms support for Macri, but also with greater focus on social protection

  

  The International Monetary Fund will move quickly to agree on a loan program to support Argentina but there are no details yet on what it will entail, a fund spokesman said on Thursday. However spokesperson Gerry Rice also underlined that the IMF nowadays has a greater focus on social protection, in particular towards the most vulnerable, ensuring the economy and living standards.

• Thursday, May 17th 2018 - 09:22 UTC

  Temer claims that in two years his administration has takes Brazil out of recession

  

  Brazilian President Michel Temer said this week that his administration has taken the country out of debt and successfully overcome the brutal economic recession of the past two years.

• Thursday, May 17th 2018 - 09:10 UTC

  The dollar falls in Argentina while in Uruguay the rise “does not worry”

  

  The recent rise of the dollar in Argentina had some impact in Uruguay, where it has an accumulation of 7.4% in May. However, for the president of the Central Bank of Uruguay, Mario Bergara, the escalation only owes 20% to the exchange rate in Argentina and rather considers that Uruguay is accompanying global trends.

• Thursday, May 17th 2018 - 08:47 UTC

  Brazil leaves basic rate unchanged citing a more volatile world situation

  

  Brazil's central bank unexpectedly left its benchmark interest rate unchanged on Wednesday, citing a more challenging and volatile situation in world economies. The bank left its benchmark Selic rate at an all-time low of 6.5%, after signaling at its previous meeting it would cut at least once more.

• Wednesday, May 16th 2018 - 19:54 UTC

  Uruguay is presented in London as main gateway to Latin America

  

  The mission is being organized by Uruguay XXI, the investment, export and country brand promotion agency, along with the British Embassy in Montevideo, the British-Uruguayan Chamber of Commerce and with the support of the UK Department for International Trade. The trade mission will be present between May 14/18.

• Wednesday, May 16th 2018 - 19:20 UTC

  Falklands describes as 'positive', the outcome of fishery talks held in Argentina

  

  The Falkland Islands has been positive about the outcome of the first round of fishery talks (May 14/15) referred to the South Atlantic, between Argentina and the United Kingdom. The talks in Buenos Aires, with Falklands representatives included in the UK delegation, emphasized on the exchange of scientific information and conservation of shared fishery resources in the South West Atlantic.

• Wednesday, May 16th 2018 - 17:42 UTC

  68% of the world population projected to live in urban areas by 2050, says UN

  

  Sustainable development depends more and more on the successful management of urban growth, especially in low-income and lower-middle-income countries where the pace of urbanization is projected to be the fastest.

• Wednesday, May 16th 2018 - 09:09 UTC

  Argentina seems to have managed Tuesday's challenge, but what comes next?

  

  Argentina’s central bank on Tuesday rolled over billions of dollars in short-term debt, providing President Mauricio Macri’s government with a shot of confidence after weeks of economic volatility. In a statement, the Argentine central bank said it refinanced all of the US$ 26 billion of peso-denominated short term bonds that matured on Tuesday. Investors were attracted by renewal rates of 40% for 36-day Lebac and 38% and 38,5% for 90 days and plus, Lebacs.

• Wednesday, May 16th 2018 - 09:02 UTC

  ILO annual report: Climate change combat could create millions of new job opportunities

  

  Its forecast that 24 million new posts “will be created globally by 2030”, contains the caveat that “the right policies to promote a greener economy” must also be in place for this to happen, along with better social safety nets for workers.

• Wednesday, May 16th 2018 - 07:08 UTC

  Falklands' Legislative Assembly members visit West Falkland

  

  From Friday 11 May to Sunday 13 May 2018, Members of the Falkland Islands elected Legislative Assembly visited West Falkland to give a series of presentations on The Islands Plan 2018 – 2022.