At least 27 miners were killed Saturday in a mine fire in Arequipa, Peruvian authorities confirmed.
In a debt for nature swap, Credit Suisse has announced buying Ecuadorian bonds worth US$1.6 billion. With Ecuador in severe financial turmoil, the bonds were trading well below face value as investors considered non-repayment to be likely. Effectively, Ecuador has now bought its own debt back at a knock-down price via a fresh loan from Credit Suisse.
According to a Moody's Analytics report published this week, Latin America will lose productivity to climate change if it does not take swift action. The document titled Latin America under the risk of climate change explained that governments, companies, and financial institutions should adopt preventive measures to reduce carbon emissions, in order to mitigate eventual damages caused by climate change.
Despite this week's report by the Inter-American Commission on Human Rights (IACHR) condemning the killings of demonstrators, Peru's one-house Congress Friday decided to shelve the case against President Dina Boluarte and several cabinet members, it was reported in Lima.
The Inter-American Commission on Human Rights (IACHR) filed a report this week mentioning extrajudicial executions in Peru and using the word “massacre” in reference to police repression against demonstrators following the impeachment of then-President Pedro Castillo Terrones on Dec. 7.
The Government of Brazil has confirmed it will host a Summit in Brasilia on May 30 to relaunch Unasur. President Luiz Inácio Lula da Silva's initiative will be called Meeting of Presidents of South American Countries and “aims to promote a frank dialogue among all, aimed at identifying common denominators, discussing perspectives for the region and reactivating the South American cooperation agenda in key areas, such as health, climate change, defense, combating illicit transnational corporations, infrastructure, and energy, among others,” according to Itamaraty Palace.
Colombian President Gustavo Petro was welcomed with honors in Madrid by King Felipe VI and jeered at by Vox opposition lawmakers who left the Spanish Congress when the South American leader was to deliver his message. The South American head of state also denounced the United Kingdom's “invasion” of the Falkland Islands, and those of the United States in Santo Domingo, Grenada, and Panama.
Ecuadorian President Guillermo Lasso Wednesday issued an executive decree ordering the Armed Forces to carry out immediate operations nationwide to confront and counteract terrorist individuals and organizations, it was announced.
Agriculture has taken its toll on Latin American forests, particularly in South America's two largest countries. Argentina reached 444,535 hectares deforested to prioritize crops and cattle feeding.
The Government of Colombia and the National Liberation Army (ELN) guerrilla group Tuesday resumed peace talks in Havana, Cuba, while President Gustavo Petro is on a tour of Spain.