The Inter American Development Bank’s (IDB) board agreed to a 70 billion US dollars capital increase, an amount that should allow the organization to lend 12 billion a year, bank President Luis Alberto Moreno said during the annual meeting in Mexico.
Brazil and the community of Latin American countries are the only ones with the ability to influence the Cuban government’s position on human rights and media freedom, says a letter addressed to Brazilian president Lula da Silva by Reporters Without Borders.
Denmark’s Minister of Development and Cooperation Sören Pind announced Friday that Latinamerica would be eliminated from the Danish International Development Agency economic aid programs, which in 2008 totalled almost 100 million US dollars concentrated in “vulnerable and fragile” zones.
With less than a week for the election of a new Organization of American States Secretary General, OAS, international analysts consider as “almost certain” the re-election of Chile’s Jose Miguel Insulza, although they do not discard a last minute “artificial” or protest candidate.
Marking a break from established policy, the Chilean government is considering the opposition’s proposal to increase the mining royalty tax. Government ministers are currently studying the implications of a tax increase, the money from which would be used to aid in earthquake reconstruction.
Haiti will need 11.5 billion US dollars to rebuild after the devastating earthquake in January, the country's government estimates. The amount is a rough estimate of money required for a complete overhaul of the impoverished country, officials say.
The president of the European Parliament has sharply condemned Cuba for arresting a group of women, all of them relatives of political prisoners, who were demonstrating in Havana on Wednesday.
Relatives of two sisters who died in the Feb. 27 tsunami are suing Chilean government agencies they claim are responsible for the absence of an adequate tsunami warning.
The Chilean government has updated the death toll from the Feb. 27 earthquake, saying 700 people lost their lives during or following the quake. Interior Minister Rodrigo Hinzpeter said just over 500 are confirmed dead, with another 200 missing.
Chile’s new president Sebastián Piñera will make his first international visit next month when he attends the Nuclear Safety Summit in Washington, responding to an invitation from U.S. President Barack Obama.