Bolivia's oil company YPFB announced Sunday that with the arrival of at least 50,000 cubic meters of diesel from Brazil and Paraguay this week, the fuel shortage would be solved for the time being to meet domestic demand. The State-run organization explained that the supply problems stemmed from bad weather at the Chilean port of Arica, which prevented the unloading of fuel from four ships.
Venezuelans are heading to the polls today in a highly anticipated presidential election that could end a quarter-century of Chavismo. The nation faces a crucial decision between maintaining the current government under President Nicolás Maduro or opting for change led by opposition candidate Edmundo Gonzalez, supported by political leader Maria Corina Machado.
Leftwing governments in South America seem to have turned their backs on Venezuelan ruler Nicolás Maduro after he forecasted last week that his country would be heading for a bloodbath if he failed to win Sunday's presidential elections.
US Southern Command Chief General Laura Richardson called on leaders in her country to devise some Marshall Plan in Latin America replicating the one enacted in post-World War II Europe, which is highly necessary to neutralize Chinese and Russian influence in the region.
In the week prior to Venezuela's elections, Uruguayan Foreign Minister Omar Paganini insisted that it is time to defend democracy in that country so that the people can freely choose their government. He also called for the process to be held in peace and hoped that the votes would be counted with transparency. After that, he wished the outcome would be accepted by all those involved.
Brazilian President Luiz Inácio Lula da Silva expressed alarm at Venezuelan President Nicolás Maduro's recent remarks suggesting potential violence if he loses the upcoming election. Speaking in an interview with international news agencies, Lula condemned Maduro’s statements, which included threats of a “bloodbath” and “civil war,” as dangerous and unacceptable.
The Bolivian Government of President Luis Arce Catacora is taking bold steps to keep the exchange rate between the local currency and the US dollar from soaring any further, Planning Minister Sergio Cusicanqui said Sunday. In view of the speculative scenario of the US currency, it is necessary to examine what is happening and take other measures from the Government, the minister explained.
Uruguay, Argentina, Costa Rica, Guatemala, and Paraguay Friday signed a declaration expressing these countries' concern over the mounting “harassment and persecution” the Venezuelan regime of President Nicolás Maduro is exerting on opposition leaders ahead of the July 28 elections which most pollsters foresee he is bound to lose.
Bolivia’s President Luis Alberto Arce announced on X a massive discovery of a natural gas field, “the largest find in the country since 2005”. Bolivia’s state-owned hydrocarbons company YPFB described it as the biggest gas find in nearly two decades and could become the country’s third-largest producing field.
According to the latest issue of the International Monetary Fund's World Economic Outlook (WEO) report, Argentina's Gross Domestic Product (GDP) is expected to fall 3.5% in 2024, which represented a setback from the 2.8% predicted back in April. Regarding next year, the IMF kept the 5% growth projection unchanged.