
Panama’s Electoral Committee declared opposition candidate Juan Carlos Varela as the winner of Sunday's election and the country's next president: he captured 39% of the vote with more than 80% of ballots counted. In Panama there is no run-off and no re-election so president Ricardo Martinelli nominated his successor and completed the ticket with his wife, Marta Linares de Martinelli.

Uruguay's dairy industry has overtaken Argentina as the main supplier of milk to Brazil, according to Globo Rural, a Brazilian site which specializes in farming news. Brazil's imports were globally 60% Argentine milk and the rest, 40% from Uruguay, but now Uruguay has moved to over 50%, meaning Argentina is losing ground in Latam largest economy and leading Mercosur partner, Anibal Schaller manager of the Milk Industry Center, admitted to Globo Rural.

IMF Director for the Western Hemisphere Department Alejandro Werner has once again called on Latin America to embark upon economic reforms, claiming that the “least difficult” phase of economic growth is now over.

Uruguayan authorities have revealed how marijuana will be produced and sold legally in the country following the approval of the bill last December. Licensed pharmacies will sell the drug for approximately one US dollar a gram with consumers allowed 40g a month.

A clear majority of Uruguayans, 61% believe Argentina is the less friendly country, according to a March 13/23 public opinion poll, with 1.013 interviews in Montevideo and the main urban locations in the rest of the country.

The OAS Electoral Observation Mission has arrived in Panama, led by former Peruvian Congresswoman and presidential candidate Lourdes Flores Nano, for the final deployment of the 56 international experts and observers ahead of Sunday's general elections.

President Dilma Rousseff said on Wednesday she will seek re-election in October, even though some are calling for the return of her popular predecessor president Lula da Silva. Rousseff, who belongs to Lula's Workers Party and was his protegée, said she hoped to have the support of all the parties allied with her government.

Asked at a press conference on Wednesday why the Argentine Government had appeared to be against his appointment to the Falkland Islands, while also attempting to vilify him as someone who had previously opposed the right to self-determination of the inhabitants of another small island community, the newly-arrived governor, Mr Colin Roberts CVO, said that he was mystified by the logic and “would welcome illumination”.

Argentina and Brazilian officials agreed to continue meeting regularly to solve as soon as possible bilateral trade problems mainly those referred to the auto industry. On Tuesday Argentine Finance minister Axel Kicillof and Industry minister Deborah Giorgi met their Brazilian counterparts, Guido Mantega and Mauro Borges in Brasilia.

Latin American and Caribbean countries are estimated to grow an average 2.7% in 2014 as the region's main economies have limited dynamism according to ECLAC's Updated Economic Review of Latam and the Caribbean 2013, released on Tuesday.