Long regarded as Latin America's best-governed country, Chile has been tarnished lately by allegations of corruption and the mismanagement of public funds says The Economist under the title Not so shiny in its latest edition.
Uruguay ranked fourth in the best country in Latin America to do business listing, according to the second annual Latin Business Index from Latin Business Chronicle. The index has Chile again at the top and Venezuela at the bottom of the 19 countries list.
Peruvian President Alan Garcia said on Friday taxes on oil and natural gas exports could help fund global efforts to combat climate change and promote reforestation of the Amazon River basin.
Leaders from Latin America, Europe and the Caribbean wrapped up a one-day summit in Lima promising to tighten trade ties even as some Andean nations balked at signing new free-trade agreements.
Chilean government spokesperson Francisco Vidal on Thursday disclosed an increased relief package for victims of the ongoing Chaitén Volcano eruptions. The announcement comes in response to allegations that Puerto Montt residents have been overcharging displaced Chaitén residents for rent.
Peru has created its first environment ministry, on the eve of a joint Latin American and European Union summit expected to focus on climate change.
Latin American and European leaders are gathering in Lima, Peru on Friday for a much publicized summit which is scheduled to address climate change, high food prices and poverty. However an issue not included in the agenda could break into the meeting: Colombia's raid on a rebel camp inside Ecuador last early March.
Several Chilean wine makers have recently disclosed plans to increase their investments in Argentina, a country also well-known for the alcoholic beverage.
Venezuelan President Hugo Chávez said he hopes relations with the United States will improve substantially when the devil and Mr Danger President George W. Bush leaves the Oval Office in January.
With just a few hours before the Lima, Peru, Latinamerican/Caribbean European Union leaders' summit Venezuelan president Hugo Chavez is picking up arguments with Spain's president and Germany's Chancellor.