Latin America

Friday, November 6th 2009 - 03:36 UTC
Magallanes Region economy contracted 1.3% from 2004 to 2008

Magallanes Region, in the extreme south of Chile, economic performance from 2004 to 2008 has been one of the worst of the country according to the regional report from Chile’s Central Bank. The region experienced in the period a 1.3% GDP contraction, the only negative result of all Chilean regions.
Thursday, November 5th 2009 - 13:07 UTC
New row over Colombia-US accord

Colombian opposition groups have reacted angrily after details of a controversial military deal with the US were made public.
Thursday, November 5th 2009 - 07:21 UTC
US dollar falls to lowest rate in a year vis-à-vis the Chilean Peso

The US dollar fell to an exchange rate of Chilean Pesos 528 on Tuesday, the lowest rate since September 2008, a tendency confirmed in Wednesday’s trading. Since the beginning of 2009, the dollar has fallen 113 Chilean pesos.
Thursday, November 5th 2009 - 06:30 UTC
The Secret of Prosperity is Freedom

By Michael Magan (*)
On economic policy, Latin American leaders face a basic choice: Adopt old style government-heavy populism championed by Venezuelan president Hugo Chavez, or the market-friendly reforms instituted in countries like Brazil, Peru, and Chile?
Wednesday, November 4th 2009 - 13:21 UTC
Honduran presidential hopefuls sign democracy and governance pact

Four of the six candidates for Honduras presidential election next November 29th signed Tuesday the social pact to strengthen democracy, peace and freedom, one of several steps agreed last week to end the four months institutional crisis of the Central American country, according to political sources.
Wednesday, November 4th 2009 - 13:18 UTC
Peruvian regional initiative to cut military expenditure and fight poverty

Peru launched in Argentina its peace, security and cooperation initiative to reduce arms purchases in the region and to lower expenditure on military hardware.
Wednesday, November 4th 2009 - 09:42 UTC
Cuba admits overseas purchases down 36% plus difficulties to pay suppliers

Cuban purchases from United States companies will total some 580 million US dollars by the end of 2009, down 37% from last year, the head of the state corporation Alimport said this week.
Tuesday, November 3rd 2009 - 20:40 UTC
Chilean eco-tourism expands creating conservation zone in Patagonia

Chile’s largest Eco-Tourism firms, Nomads, plans to develop new tour routes after acquiring 22.000 hectares of un-spoiled land in southern Chile. The company hopes to create a conservation zone to protect various protected species living in the area.
Tuesday, November 3rd 2009 - 08:14 UTC
Aggressive Chilean tourism campaign to attract more Brazilians

Chilean authorities have just launched a new 4 million US dollars advertising campaign to attract more Brazilians to visit Chile. Funded by Tourism Chile and the National Economic Development Agency (CORFO), the promotion aims to increase the number of Brazilian tourists visiting Chile by 30%.
Tuesday, November 3rd 2009 - 08:03 UTC
OAS plans to reincorporate Honduras and lift sanctions next week

The Organization of American States, OAS, is planning an extraordinary general assembly for next week to approve the reincorporation of Honduras in anticipation of the country’s presidential election November 29th, according to Chilean minister of Foreign Affairs, Mariano Fernández.