Lucio Gutierrez will be Ecuador's next president as the ongoing vote count indicated that his rival, multimillionaire Alvaro Noboa, will be unable to overcome his wide lead.
With 97.88 percent of the ballots counted, Gutierrez had 54.33 percent of the valid votes to Noboa's 45.67 percent.
Headlines: Corruption in Chile; IMF and Argentina try to sound optimistic; Lula in Mercosur summit
Others headlines: Toledo needs a new start; Lula sends a warning
Bolivian President Gonzalo Sanchez de Lozada has pledged to organize an Ibero-American Summit next year that will be as productive as the one that ended Saturday night in Playa Bavaro.
International Monetary Fund Managing Director Horst Koehler said this Friday in Berlin that the IMF is committed to reach an agreement with Argentina.
European Union and Mercosur delegates ended in Brasilia their eighth round of negotiations for the creation of an association agreement with not much hopes of convergence in the controversial issue of agriculture.
Latin American leaders gathered in a summit yesterday Friday 15th, discussing ways to ease poverty, fight drug trafficking and heal internal strife.
The World Bank confirmed this Thursday that it received a partial payment of 79,2 million US dollars from Argentina against a scheduled payment of 805 million US dollars that was due last October 15. However the World Bank said that it welcomes statements by government officials that Argentina remains committed to rectifying the situation as soon as possible.
Headlines: Defence Minister Summit; New methanol plant in Punta Arenas; Praise for Mexico and Chile; Lower tariffs; Hyper-corruption in Bolivia; Migration to Spain.