The administration of President Dilma Rousseff will hand out 17 billion Reais (8 bn dollars) in cheap loans for home appliance purchases it was announced this week, a further attempt bolster Brazilians' buying power as an anemic economy and high inflation erode its approval rating.
The Nicaraguan Congress has approved a proposal to have a canal built linking the Pacific and the Atlantic Oceans. A Hong Kong-based company has been granted a 50-year concession to build the waterway, which will rival the Panama Canal.
An Argentine court sentenced former President Carlos Menem to seven years in prison for smuggling weapons to Croatia during the Yugoslav civil war of the 1990s, and to Ecuador. Last year Menem was acquitted along with 17 other defendants, but the Cassation Court convicted 12 of them and urged the judges to change the verdicts.
Finding the optimal balance between macroeconomic policies to stimulate domestic demand in the short term and structural reforms to enable faster growth over the longer run, remain as the main challenges for the Latinamerican economies, according to the latest report from the World Bank.
The following piece was written by Andrew Ayre, British High Commissioner in Georgetown, Guyana and published in StabroekNews from Guyana.
Chile and the UK held a round of defense talks in London at the end of May as part of the defense and security agreements between the two countries. The talks took place at the Ministry of Defense and were hosted by the UK Minister for International Security Strategy, Dr. Andrew Murrison.
Technical groups from Paraguay and Mexico advanced on Wednesday talks for the creation of an Economic complementation Accord in the framework of the Latam Integration Association, ALADI, which is considered the “step previous to a full free trade treaty”, reported from Asuncion Paraguay’s foreign ministry.
Peruvian president Ollanta Humala said he favoured the incorporation of the United States as observer to the Alliance of the Pacific, a free trade, pro-business and open market group made up of Chile, Colombia, Mexico and Peru.
President Barack Obama welcomed Peruvian counterpart Ollanta Humala to the White House on Tuesday, in Washington's latest effort to meet a deadline to seal a Trans-Pacific Partnership trade deal. Humala praised the Obama administration for its open attitude in addressing strategic issues.
The Argentine government ratified that open and simultaneous primary elections, ahead of October’s mid term election, as established by law in the electoral calendar, will be held next August 11, despite the current wave of injunctions against a reform of the Magistrates Counsel (responsible for naming, sanctioning and firing judges) which contemplates the election of its members by universal suffrage on the same dates.