Headlines:
Bush signs fast track trade bill;
Uribe tells Colombians not to expect miracles; Bolivia Swears In New Leader; O'Neill, S. American Executives Meet
Uruguay is to repay Washington later this week after receiving a loan package in the same amount from the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank (IDB).
Visiting U.S. Treasury Secretary Paul O'Neill on Monday praised the economic policies of President Fernando Henrique Cardoso's administration and said Washington supports Brazil's efforts to obtain additional aid from the IMF
Headlines:
Bolivia: Sanchez Losada confirmed president
Uruguay: Waiting for Mr. O'Neill
Brazil: Ciro growing and growing?
Uruguay on Sunday received a short-term loan of up to $1.5bn from the US and imposed limited restrictions on bank withdrawals in an effort to avert a collapse of its once-vaunted financial system.
Chilean President Ricardo Lagos has announced that he would not travel to Bolivia to attend presidential inauguration ceremonies because of a simmering internal conflict there over the Bolivian government's tentative plans to export natural gas to North America via Chile
Perhaps because of its size, tiny Uruguay spends an awful lot of its time being compared with other countries.
For its solid financial system and uneventful political scene Uruguay was long referred to as the Switzerland of South America. Equally hopeful, its finest beach resort, Punta del Este, has been described as the continent's own Saint-Tropez.
In the eve of his tour of Mercosur member countries, US Treasury Secretary Paul O'Neill personally apologized to Brazil, Argentina and Uruguay in three separate statements, following last week's remarks when he said that foreign aid to these countries ended in secret Swiss accounts.
Headlines:
Fisheries Show in Uruguay; Whales are back;
Chile, Fuel prices hike; Bullish unemployment;Latinamerica:
Record unemployment
Headlines:
Uruguayan banks closed; O'Neill apologizes to Brazil; Agriculture out again?; Brazil appeals to IMF