As Ecuador's Parliament prepares to cross-examine President Guillermo Lasso Tuesday during his impeachment trial, the Organization of American States (OAS) Monday called for all guarantees of due process to be offered to the head of state.
After a group of retired military officers made dubious statements, Colombian President Gustavo Petro said this weekend that a situation like the one Peru went through is unlikely to happen in his country and that he feared no coup d'état.
The Nicaraguan regime of President Daniel Ortega and his Vice President wife Rosario Murillo ordered new arrests of journalists and activists for treason, it was reported this week. The country's judiciary also banned a group of 25 lawyers and notary publics from practicing because they were stripped of their Nicaraguan citizenship.
The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.
Ecuador and China signed a free trade agreement (FTA) whereby the South American country will have access to a market of 1.4 billion people, it was reported in Quito on Wednesday. It was the second such pact signed under the administration of President Guillermo Lasso, following the one reached with Costa Rica.
Colombian President Gustavo Petro wants his country to have more professional armed forces and thus bring the compulsory military service to an end, it was reported Wednesday in Bogota. The head of state also insisted on further funding the activity. In September last year, then Interior Minister Alfonso Prada had spoken about the government's plan to replace mandatory military service with a voluntary one. In the last five years, 460,113 young people between 18 and 24 years of age served compulsorily in the Armed Forces.
Ecuador's President Guillermo Lasso might be removed from office after the National Assembly approved Tuesday by 88 votes in favor of a motion to call for his impeachment for the alleged crime of misappropriation of public funds, it was reported in Quito.
Venezuelan authorities Sunday flew back 115 migrants who were stranded in northern Chile through the Plan Vuelta a la Patria (Return to the Homeland Plan), it was announced by Caracas. The Foreign Ministry said on Twitter that: “115 Venezuelan men and women are happily returning to their homes thanks to a new day of the Plan Vuelta a la Patria,” an initiative in force since 2018.
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.