The Ecuadorean Government Friday declared a 45-day regional state of emergency in the Amazonian provinces of Zamora Chinchipe and Napo due to severe rainfall, flooding, and landslides. These conditions have significantly impacted residents, homes, basic services, and critical infrastructure, including the road network and the nation's two main oil pipelines, the Heavy Crude Oil Pipeline (OCP) and the Trans-Ecuadorian Pipeline System (SOTE).
Add your comment!Laura Sarabia resigned this week as Colombia's Foreign Minister, citing differences with President Gustavo Petro in recent days. Her departure adds to a cabinet crisis that has seen over 50 ministerial changes in three years.
Add your comment!During his speech at the 66th Ordinary Meeting of the Common Market Council and the Summit of Presidents of Mercosur and Associated States in Buenos Aires, Bolivian President Luis Arce Catacora addressed both domestic challenges and regional aspirations.
Add your comment!Presidents Luiz Inácio Lula da Silva of Brazil and Santiago Peña of Paraguay on Thursday discussed during the Southern Common Market (Mercosur) Summit in Buenos Aires the ongoing investigation into an intelligence operation carried out during the Jair Bolsonaro years to obtain confidential information from Paraguayan officials involved in negotiations on the binational Itaipu power plant. Both leaders also exchanged invitations for reciprocal visits.
Add your comment!Standard & Poor's (S&P) downgraded Bolivia's long-term credit rating from 'CCC+' to 'CCC-' with a negative outlook. This decision was driven by increasing debt servicing costs and a deteriorating external financial profile, which could make it harder for the landlocked country to access financing and potentially hinder its ability to pay off debt in the coming months.
Add your comment!Colombian President Gustavo Petro filed a lawsuit Wednesday against former Foreign Minister Álvaro Leyva for allegedly plotting to remove him from power. The former official has been accused of treason, libel, slander, conspiracy to commit sedition, and incitement to commit a crime.
Add your comment!Peruvian Lava Jato prosecutor José Domingo Pérez submitted a filing Wednesday requesting a 35-year prison sentence for former presidential candidate Keiko Fujimori, in a revised criminal indictment in the so-called cocktail case, which investigates the alleged irregular financing of her 2011 and 2016 election campaigns. In a previous proceeding ending up in a mistrial in April this year, a 30-year sentence had been sought.
Add your comment!Uruguayan National Port Administration's (ANP) representative at the River Plate Basin Terminal (TCP), Jorge Pozzi, raised concerns Tuesday during a radio interview about the future of Montevideo's port. In his view, the proposed Pacific-Atlantic bioceanic corridor, connecting Brazil with Chile or Peru, could bypass Uruguay entirely, significantly impacting its system, economy, and thousands of workers.
Add your comment!The Central Bank of Bolivia (BCB) announced this week that its net international reserves (NIR) have continued to grow, reaching US$2.807 billion by the end of June 2025. This represents an increase of US$830 million since December 2024, and a nearly US$200 million increase in the last two months alone.
Add your comment!Major business users of the Paraná-Paraguay Waterway (agro-exporters, industrialists, and port operators) have issued a joint statement supporting the Argentine government's bidding process for a private operator of the Trunk Waterway. They urge all stakeholders to channel their proposals, including those related to tariffs and environmental impact, through the established technical dialogue tables to avoid hindering consensus.
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