Argentine president Cristina Fernández de Kirchner and her Venezuelan counterpart Hugo Chávez underlined the significance of the Union of South American Nations (UNASUR) during his one day visit to Buenos Aires. Chavez is on a tour of the region that also includes Uruguay, Bolivia and Colombia.
The Latin American Development Bank, IDB, plans to help Latin American countries “de-dollarize” their economies by providing more financing in local currencies, said bank President Luis Alberto Moreno.
Latin America can help solve the global food crisis by expanding farm production, the World Bank said this weekend, and Colombia said it was on board with plans for an 'agricultural revolution'.
The Inter-American Development Bank approved 12.136 billion US dollars in new operations in 2010 and made 10.341 billion in loan disbursements from its ordinary capital, according to its latest annual report issued over the weekend.
Ultra nationalist former military officer Ollanta Humala has knocked out former president Alejandro Toledo as the leading candidate for Peru’s tightest presidential campaign in recent history.
The Inter-American Development Bank Group expects to more than double its annual financing to companies in Latin America and the Caribbean over the next four years, a move that will help the Group fulfill its mission to promote development though the private sector in the region.
The March 9 earthquake and tsunami destroyed most of Japan’s profitable salmon industry, but Japan’s loss may be Chile’s gain. <br />
The catastrophe directly hit the main fishing areas in the provinces of Aomori, Iwate, Miyagi, Fukushima, Ibaraki and Chiaba, destroying 20% of the salmon industry and completely shutting down fishing ports.
Colombian Defence minister Rodrigo Rivera said that the FARC guerrilla movement is surrounded and with its operational capacity very diminished and limited, because of the current policy from the administration of President Juan Manuel Gomez.
Latin American policy makers should withdraw fiscal and monetary stimulus to prevent their economies from overheating before turning to capital controls to limit foreign currency inflows, said Nicolas Eyzaguirre, the International Monetary Fund Western Hemisphere director.
Venezuelan President Hugo Chavez begins Monday a tour of four South American countries to strengthen ties and to analyze existing accords, the Bolivarian revolution leader said on Sunday.