The Mount Hudson volcano, located in southern Chile, maintained its activity on Friday following the eruption earlier in the week. A 1991 eruption of the Hudson send volcanic ash spewing over thousands of kilometres and as far east as the Falkland Islands.
Foreign direct investment, FDI, in Argentina fell 30% in the first six months of this year, while the whole of Latin America and the Caribbean received 54% more, the United Nations Economic Commission for Latin America said in a report on its website.
Chile said on Wednesday it was evacuating residents from around the Hudson volcano in the country far south after it spewed a jet of steam a kilometre into the air and seismic activity triggered an avalanche.
Latin America’s economy is forecasted to grow between 3.5% and 4% this year, which is less than previous estimates before the current global financial crisis, said World Bank representative for the region, Pamela Cox.
The World Bank has offered a 3 billion dollars line of credit to Peru, backing President Ollanta Humala's plans for anti-poverty initiatives and sustained economic growth, a regional vice president said this week.
Latin America is in a good financial situation, but the problems currently being suffered by the US and Europe poses a threat, according to the region’s banks federation, FELEBAN.
The UN General Assembly called on Tuesday for the 20th straight year on the United States to lift its trade embargo against Cuba, as the communist-run island dismissed as fraudulent US moves to ease some restrictions.
In spite of global financial volatility during the first half of 2011, foreign direct investment (FDI) in Latin America and the Caribbean continued to grow maintaining the 2010 trend, according to a Tuesday release from the UN Economic Commission for Latin America and the Caribbean, ECLAC, in Santiago de Chile.
Uruguayan expatriates are returning at an average of 350 per month which is three times the 2010 rate, but his only refers to those that have formally requested advice and assistance from the country’s Foreign Affairs ‘Return and Welcome Office’.
A new study released by the Inter-American Development Bank (IDB) argues that countries in Latin America and the Caribbean (LAC) should turn their attention to Korea, a fast-growing economy that offers numerous opportunities for bilateral trade and investment.