With the country risk at its lowest and favourable trade prospects following the signing of the free trade agreement with United States, Chile's peso is appreciating and the price of the US dollar in Chilean money markets falling, a downward tendency that promises to continue.
Felipe Quisque leader of Bolivia's main peasants' organizations anticipated more social agitation for next April with the purpose of deposing interim president Carlos Mesa who took office this week after a month long of riots that forced the resignation of Gonzalo Sanchez de Lozada.
World Trade Organization Director General Supachai Panitchpakdi addressing the 21 leaders of the Asia-Pacific Economic Cooperation, APEC summit meeting in Thailand, called for a strong political commitment with the resumption of the failed global trade negotiations.
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Top marks for President Kirchner; Mending fences with investors.
With the arrival of the Chilean cruise Mare Australis and 132 visitors the most southern city of the world Ushuaia in Argentine Tierra del Fuego, officially inaugurated this week the 2003/04 cruise season.
New Bolivian President Carlos Mesa Gisbert is to announce on Sunday his cabinet which is to be composed of non-politicians who he feels are the only ones able to put an end to the crisis which cost the job of his predecessor.
Vice-president Carlos Mesa is Bolivia's new president following the resignation letter of president Gonzalo Sánchez de Lozada. Bolivian Congress in a special night session accepted the resignation letter and voted in Mr. Mesa 84 to 26 votes.
Argentina and Brazil's presidents Nestor Kirchner and Luiz Inacio Lula da Silva committed their countries this Thursday in Buenos Aires to the political consolidation of Mercosur with the purpose of strengthening a joint position before the world and ratified that trade negotiations involving United States must recognize the regional block.
Argentina will propose a round of South-South trade negotiations, an initiative which is a virtual challenge to current discussions in the framework of the World Trade Organization, WTO but condemned to failure by the protectionist policies of United State, European Union and Japan.
Argentine and Brazilian presidents have sent two special envoys to Bolivia to help find a solution to the political and social crisis that has left a toll of dozens of protestors killed, virtually paralyzed all economic activity and has the country in the verge of an institutional meltdown.