Bolivia has lost the opportunity, at least for a decade, of selling natural gas to United States and Mexico, following a similar 20 year agreement reached by Indonesian suppliers with North American buyers.
For the first time in decades Latinamerica will end 2003 with a trade surplus and next year all the economies of the region should expand. However income per capita remains below the 1997 level and 44% of the population live in poverty, according to the latest preliminary report from the Economic Commission for Latin America, CEPAL, a regional United Nations office.
The summit of the Americas that will be taking place next month in Mexico could turn into the appropriate scenario for a Latinamerican return to the United States agenda, according to analysts in Washington.
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Duhalde abandons politics or becomes arbitrator?; Kirchner's popularity remains strong. Argentine economy booming. Unemployment stands at 16,3%. Support for Patagonian coal mines. Patagonia Stock Exchange.
Bolivia's caretaker president Carlos Mesa said in Montevideo that his landlocked nation will never give up its claim to at least a piece of the Pacific coastline lost to Chile following the Pacific war of 1879. Mr. Mesa also appealed to Brazil to use its diplomatic influence to help resolve the dispute.
The Brazilian Senate approved this week another crucial piece of legislation for the Luiz Inacio Lula da Silva administration, an overhaul of the taxing system in one the world's countries with most uneven wealth distribution.
The United States consumer price index dropped 0,2% last November bringing the annual rate of underlying inflation to 1,1%, the lowest since 1966, according to the latest Commerce Department release.
Honduras, Guatemala, El Salvador and Nicaragua reached this week a free trade agreement with the United States, reported the Office of the U.S. Trade Representative (USTR) in Washington.
Luiz Inácio Lula da Silva made a resounding defence on Thursday of orthodox economic policies during his first year as Brazil's president, in spite of the worst performance of the economy in at least five years.
Néstor Kirchner, Argentina's president, yesterday attacked the International Monetary Fund for the second time in a week after the IMF suggested it would postpone a $330m (?268m, £188m) disbursement that had been expected before Christmas.