Latin America

Saturday, April 17th 2010 - 06:30 UTC
Two main hopefuls in Colombia’s May 30 presidential race

Colombian presidential candidates Juan Manuel Santos and Antanas Mockus have increased their lead in the run-up to the May 30 balloting, a new poll released Thursday revealed.
Saturday, April 17th 2010 - 03:21 UTC
IDB promises 3 billion USD annually to finance renewable energy

The Inter-American Development Bank, IDB, announced Friday its intention to increase its financing for renewable energy and climate-related projects to 3 billion US dollars a year by 2012.
Saturday, April 17th 2010 - 03:12 UTC
Reconstruction efforts will turn Chile from capital exporter to importer, says IIF

Increased external financing requirements to cover reconstruction costs triggered by the earthquake and tsunami of February 27 will shift Chile’s external position from capital exporter in 2009 (largely the result of its dynamic private pension system) to capital importer this year and next, according to the Institute of International Finance, IIF.
Saturday, April 17th 2010 - 03:08 UTC
Foreign capital inflow to Latinamerica to grow 21% (190.4 billion USD) in 2010

Foreign capital inflow to Latinamerica should increase by 21% this year over 2009 particularly because of Brazil and Mexico anticipates the Institute of International Finance, the world’s largest bankers’ association.
Friday, April 16th 2010 - 03:41 UTC
High-level corruption, not a few dissidents, is the main threat to communist Cuba

Corruption at the highest levels of government - not the meddling of a small band of dissidents - is the greatest threat to Cuba's communist system, a leading academic said in a highly unusual opinion posted Thursday on a state Web site.
Thursday, April 15th 2010 - 19:35 UTC
More changes anticipated in Ecuador’s cabinet and military commands

Ecuador president Rafael Correa announced changes in the military command and further cabinet reshuffling as part of the restructuring of his administration’s team for the next three years.
Thursday, April 15th 2010 - 19:22 UTC
Uruguay’s support for Unasur’s chairman will be known at next summit

Ecuadorean Foreign Affairs minister Ricardo Patiño apologized to Uruguay for having stated that the administration of President Jose Mujica would support the nomination of former Argentine president Nestor Kirchner as chairman or the Union of South American nations, Unasur.
Thursday, April 15th 2010 - 17:11 UTC
Venezuela plans to invest 120 billion USD in developing Orinoco heavy crude

Venezuelan Energy and Oil Minister Rafael Ramirez said some 120 billion USD will be invested over the next seven years in the Orinoco Belt, which the U.S. Geological Survey says is the largest petroleum accumulation it has ever evaluated.
Thursday, April 15th 2010 - 16:01 UTC
Uruguay's Ministry of Tourism warmly welcomes the UruguayNow project

www.UruguayNow.com is the first constantly updated internet travel guide in English dedicated solely to Uruguay. It launched at the country's Ministry of Tourism on 13 April.
Thursday, April 15th 2010 - 00:36 UTC
China rapidly becoming Latinamerica’s main trade and investment partner

China is set to become Latinamerica’s second trade partner ahead of the European Union and just behind the United States in the next few years according to a report from the United Nations Economic Commission for Latinamerica and the Caribbean, Cepal.