The governments of Argentina and Brazil are in talks to release water from the giant Itaipu Dam with a view to topping up the Parana River, where ebbing levels are conspiring against a US$ 20-billion-a-year crop export business.
Below normal rains in the Parana-Paraguay water basin is hampering grain transport through waterways in Argentina as the water level of the river has dropped significantly, Bolsa de Comercio de Rosario, or BCR, said in a report.
The World Bank Board of Directors today approved a US$ 35 million emergency loan to support the Argentine government efforts to minimize the impact of the COVID-19 pandemic on the health system through the procurement of medical supplies and equipment. This financing forms part of a World Bank fast track package of up to US$ 14 billion to help countries cope with the health and economic impacts of the COVID-19 pandemic.
Agriculture ministers from various South American countries participated in a video conference on Monday, March 23, to discuss harmonization of standards and ensure the smooth flow of goods and food supplies throughout the region during the Coronavirus pandemic.
The World Bank Board of Directors approved a new US$ 300 million operation to support Argentina’s efforts to strengthen its social protection system and minimize the impact of the crisis on the most vulnerable families.
Mercosur country members agreed on Wednesday to share information and statistics on the coronavirus evolution as part of a common strategy destined to combat the pandemic, which included facilitating the return of ex-pats and ensuring the movement of goods among the block.
The number of Coronavirus cases tested positive are increasing significantly, in the exponential leg of the process, in Mercosur country members and in Chile. Brazil reported the first death, a 62 year old man in Sao Paulo with a medical record of high pressure and diabetes.
By David P. Michaels (*) - Luis-Alberto Lacalle Pou, Uruguay’s recently inaugurated President, faces one of the most significant challenges in Uruguay’s recent history.
It was a March sunny Sunday in Montevideo, and for the solid democracy of Uruguay, business as usual. An outgoing center government was replaced by a center-right coalition that emerged victorious from the runoff last November. Despite fifteen years in office, three mandates, Luis Lacalle Pou, 46, is the new president for the next five years and for the first time with a woman vice president, notary Beatriz Argimón.
A center right president took office in Uruguay on Sunday, promising to crack down on crime and tighten government finances after a 15-year string of left-leaning governments. Luis Lacalle Pou, a 46-year-old surfing enthusiast and son of a former president, narrowly won the election in November, 37.000 votes, in his second try for the top office.