Latin America

Wednesday, May 13th 2015 - 08:37 UTC
IDB 216m dollars loan for Uruguay to support construction of wind farms

The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.
Wednesday, May 13th 2015 - 08:29 UTC
Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.
Wednesday, May 13th 2015 - 08:21 UTC
Latam to debate controversial issue: 'post Washington Consensus' industrial policies

The Inter American Development Bank, IDB, has organized a seminar to discuss industrial policies in Latin America and the Caribbean in a post Washington-Consensus framework. Anemic economic growth in the region is in need of policy shot in the arm.
Wednesday, May 13th 2015 - 08:14 UTC
Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank.
Wednesday, May 13th 2015 - 08:05 UTC
Bolivia closer to Mercosur full membership; coming summit in Brasilia decisive

Bolivia is closer to becoming a full member of Mercosur following on Argentina's ratification of the Adhesion Protocol.
Tuesday, May 12th 2015 - 10:30 UTC
Ex US president Carter ends Guyana election monitoring trip after falling ill

Former United States President Jimmy Carter ended an election-monitoring trip to Guyana early and flew home on Sunday after falling ill, the Carter Center, his nonprofit organization, said in a statement. The Carter Center provided only sketchy information on Sunday about the condition of the 90-year-old former president.
Tuesday, May 12th 2015 - 08:51 UTC
Guyana voting in early election to end Executive/Legislative standoff

Guyana voted Monday in early elections pitting embattled President Donald Ramotar against an upstart opposition alliance seeking to unite voters across racial lines with its calls to end corruption.
Tuesday, May 12th 2015 - 06:18 UTC
Hollande in Havana ratifies support for Cuba and an end to the US embargo

French President Francois Hollande has urged an end to the US trade embargo of Cuba and envisioned a larger French role in Cuba's engagement with the West during the first visit by a French head of state to Cuba. Havana is in foreign policy talks with both the European Union and the United States amid intense world interest in Cuba following detente with Washington in December.
Monday, May 11th 2015 - 10:21 UTC
Castro praises Francis and promises “to turn to the Church again if the pope continues on this vein”

Cuban President Raul Castro has praised Pope Francis for brokering the restoration of relations between Cuba and the US, announced in December. At the end of a Sunday audience at the Vatican, Castro said he had thanked the Pope for his contribution for the historic rapprochement.
Monday, May 11th 2015 - 09:15 UTC
A bashed Bachelet expects to announce reshuffled cabinet this Monday

Chilean President Michelle Bachelet plans to announce a reshuffling of her Cabinet this Monday in a bid to restore her public image, which has been badly tarnished by corruption scandals, including one involving her son.