Investments

• Thursday, December 9th 2021 - 09:00 UTC

  World Bank approves Renewable Energy Project loans to Cabo Verde, Africa

  

  The World Bank on Wednesday approved an International Development Association credit in the amount of US$3.5 million and an International Bank for Reconstruction and Development loan in the amount of US$ 3.5 million for the Renewable Energy and Improved Utility Performance Project (REIUP) for Cabo Verde in Western Africa.

• Monday, December 6th 2021 - 09:34 UTC

  Sustainability: Uruguay the example to follow, World Bank says

  

  Anna Wellenstein, Director of the World Bank's Latin America and the Caribbean, Sustainable Development Group, has said Uruguay was an example of turning its productions towards a market that will seek environmental guidelines met.

• Monday, December 6th 2021 - 08:49 UTC

  Argentine automotive industry shows signs of recovery

  

  The Argentine Association of Automotive Factories (ADEFA) has reported that November 2021 had shown a 70% increase in exports and a growth of around 43% in the total number of units delivered.

• Saturday, December 4th 2021 - 09:55 UTC

  Labour strife in port of Montevideo; increasing export volumes shipped from Rio Grande in Brazil

  

  Recurrent labour strife in the port of Montevideo is not only frustrating but is also seriously limiting activities, and only this week did the Union of Uruguayan exporters make public a release regretting the fact that several vessels abandoned the port given what is known as pearled stoppages.

• Saturday, December 4th 2021 - 09:31 UTC

  Argentina pays Paraguay part of the US $ 45 million of overdue Yacyretá energy

  

  Argentina Friday paid Paraguay US $ 19 million for overdue Yacyretá energy, Nicanor Duarte Frutos, head of Paraguay's side within Yacyretá's Binational Entity (EBY) announced.

• Saturday, December 4th 2021 - 09:00 UTC

  Works begin in the extension of Ushuaia port facilities

  

  Works in upgrading and expanding the port of Ushuaia, Tierra del Fuego province, have started with the arrival of the huge metal sleeves for the pylons on which the new commercial harbour structure will rest.

• Tuesday, November 30th 2021 - 23:35 UTC

  The spirit of Líneas Aéreas Paraguayas returning to the skies next year?

  

  A private group is determined to bring back to life the defunct Líneas Aéreas Paraguayas (LAP), which used to be the South American country's flag airline between the 1960s and 1990s, it was announced in Asunción.

• Monday, November 29th 2021 - 19:18 UTC

  LATAM Airlines plunges at Santiago stock exchange

  

  Latam Airlines stock plunges over 80% at the Santiago market after a reshaping plan was announced, one which evaporated the value of current shares. The proposal is yet to be voted on by creditors between January and February 2022.

• Monday, November 29th 2021 - 09:29 UTC

  LATAM presents reorganization plan, rejects Brazilian group offer, and has to wait until January 27

  

  LATAM Airlines Group said on Friday it had filed a reorganization plan, proposing a US$8.2 billion injection of capital in a bid to exit its Chapter 11 bankruptcy process, and at the same time announced it had rejected the Brazilian airline Azul acquisition proposal as “incomplete” and “insufficient”.

• Saturday, November 27th 2021 - 09:12 UTC

  Canadian rating agency praises Uruguay's fiscal consolidation and raises BBB- trend from stable to positive

  

  Canadian credit rating agency, DBRS Morningstar confirmed Uruguay's Long-Term Foreign and Local-Currency – Issuer Ratings at BBB-, and at the same time, elevated its prospect from stable to positive.