Latin America

• 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 - 10:46 UTC

  Record inflow of international tourist to Mexico in the first quarter

  

  The number of international tourists to Mexico in the first quarter rose to a record high of 10.6 million, a 12.6% increase year-on-year, said the country's tourism ministry on Sunday.

• Thursday, May 17th 2018 - 08:59 UTC

  Angry Nicaraguan students call Ortega “murderer” and demand his resignation

  

  Angry Nicaraguan students taunted President Daniel Ortega with shouts of “murderer” as he spoke on Wednesday at a Catholic church-organized event aimed at negotiating a solution to weeks of deadly protests that have challenged his rule.

• Monday, May 14th 2018 - 08:34 UTC

  Nicarguan army sides with protests, calls for an end to violence

  

  Nicaragua's military called for a halt to violence that has rocked the country during weeks of protests and a deadly crackdown by police and supporters of President Daniel Ortega's government. In a statement late Saturday, the army also expressed solidarity with families of those who have died — more than 60, according to a human rights group.

• Saturday, May 12th 2018 - 07:31 UTC

  Falklands' Premier Oil figures commissioning three FPSOs in next seven years, reports GlobalData

  

  South America, including the Falkland Islands, has the highest number of planned and announced floating production, storage, and offloading units (FPSOs) to be commissioned by 2025, according to a report by GlobalData. World wide 74 planned and announced FPSOs are set to become operational for the outlook period between 2018 and 2025.

• Saturday, May 12th 2018 - 06:35 UTC

  Uruguay ratifies Inter-American Convention against All Forms of Discrimination and Intolerance

  

  Uruguay on Friday deposited at the headquarters of the Organization of American States (OAS) in Washington DC, the instrument of ratification of the Inter-American Convention against all Forms of Discrimination and Intolerance, becoming the first state to ratify it. Uruguay is also the only one that has ratified all the binding legal instruments of the inter-American system.

• Wednesday, May 9th 2018 - 07:32 UTC

  Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF

  

  Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.

• Wednesday, May 9th 2018 - 07:16 UTC

  UK appoints Trade Commissioner for Latin America and the Caribbean

  

  The United Kingdom's International Trade Secretary, Dr Liam Fox, named a new Trade Commissioner to champion British trade with Latin America and the Caribbean, as the UK prepares for future trade agreements with countries around the world.

• Wednesday, May 9th 2018 - 07:10 UTC

  Latin American (and global) currencies hit by strong dollar and Trump's policies

  

  The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.

• Tuesday, May 8th 2018 - 08:32 UTC

  Pence calls on Maduro to suspend sham elections and asks OAS to suspend Venezuela

  

  US Vice President Mike Pence on Monday urged Venezuela to suspend a divisive May 20 election he denounced as a “sham,” as Washington slapped fresh sanctions on Nicolas Maduro's regime. In an address to the Organization of American States, Pence slammed the upcoming presidential vote -- boycotted by the opposition and branded illegitimate by much of the international community.