Brazil is determined to exercise the full weight of its political and economic strength in Mercosur during the coming six months with the purpose of a more effective decision making system and by insisting that joint trade talks with third countries are the only viable mechanism.
Headlines:
Duhalde on the campaign trail; Mr. Lavagna's promises and warnings; Another IMF mission in Buenos Aires; Official unemployment 22%
Headlines:
Brazil is the most stable economy; Serious rival for Lula; Petrobras record production
After being deemed mentally unfit for trial due to dementia, former dictator Augusto Pinochet resigned from his lifelong seat in the Chilean senate, officials reported Thursday.
Mexico promised on Thursday to vouch for the trustworthiness of Argentina, which is mired in depression, in dealings with the United States and other leading economies
Chile's Finance Minister Nicolás Eyzaguirre lowered the country's annual estimated growth from 3,5 to 3,2% as direct consequence of international factors, particularly the Argentine and Brazilian situation.
Although the final results will not be forthcoming for several weeks, poll estimates indicate former president Gonzalo de Sánchez Lozada won the first round of Bolivia's election with Manuel Reyes Villa trailing closely behind with less than a point difference, ( 21% and 20%), but both distant from the 50% plus one needed to take office next August 6th.
In a short address to the country Argentine president Eduardo Duhalde announced national elections will be advanced from September 2003 to March 2003, with compulsory, simultaneous and open primaries for all parties to nominate candidates next November.
Headlines:
Green light from the US Treasury; A more sober Argentina; Foreign investment in Chile collapses; Warning from The New York Times
The International Monetary Fund, IMF, said today that negotiations with Argentina regarding credit assistance have received a renewed thrust and anticipated several missions will be travelling to Buenos Aires to support the new situation.