Colombia’s winning presidential candidate Juan Manuel Santos called on Conservatives and Radicals to join in a national unity government to address the problems of poverty and terrorism.
Peruvian defence minister Rafael Rey recently paid his Chilean counterpart Jaime Ravinet and Chile’s President Sebastián Piñera a visit, a meeting which showed that although the two countries continue to squabble over maritime border issues, bilateral relations are still intact.
The Inter American Development Bank, IDB, is ready to disburse 10 billion US dollars in loans to Latinamerica during fiscal 2010, said the bank’s president Luis Moreno.
The United Nations Economic Committee for Latinamerica and the Caribbean, Cepal, anticipates that growth in the region will be less than in previous years because of the economic downturn in developed countries but the tendency should not influence Brazil, the region’s largest economy.
Colombia’s former Defense Minister Juan Manuel Santos won more than double the votes of his closest rival in Sunday’s presidential election though failed to secure a majority of ballots needed to avoid a runoff in three weeks.
By David Gallagher
(Ed. Note: Gallagher, a columnist for the conservative daily El Mercurio, is a man of many parts. He's British and Chilean, former Oxford professor of Spanish and Russian, author of the classic Modern Latin American Literature (1973), economist, investment banker, international business consultant, and father to children living on three continents.
(In this column he remarks that the “previous government”—that is Michelle Bachelet’s — “privileged imagery over reality.” One example: to celebrate a significant date, Bachelet cut the ribbon on a new hospital empty of equipment but filled with patients who were actually actors and who pretended to be ill for the press.)
According to the 2010 World Ranking of Mercer's Quality of Life, Buenos Aires, Montevideo and Santiago are the best major cities in South America to live although they compare poorly with the top ten mostly from Europe, Canada, NZ and Australia.
Colombia goes to the polls Sunday in unusual circumstances for its recent history, with a technical tie between the top two presidential candidates who lead the pack of six contestants.
International Monetary Fund (IMF) praised Peru as a clear example of how to enforce the right economic policies since its GDP this year is expected to grow 5 to 7%.
South America must recover its military dissuasive capacity so it can say ‘no’ when necessary said Brazilian Defence minister Nelson Jobim following a meeting this week in Montevideo with his Uruguayan counterpart Luis Rosadilla.