Mercosur

• Wednesday, September 25th 2002 - 21:00 UTC

  “Elections can be advanced”

  Following the growing paralysis of his administration and with international credit totally non existent and the country in the verge of defaulting with multilateral organizations such as the IMF, Argentine president Eduardo Duhalde admitted to Brazilian television that “presidential elections scheduled for next March can be advanced for December or January”, but this depends on the Judiciary branch.

• Wednesday, September 25th 2002 - 21:00 UTC

  Markets for Argentine produce

  Economy Nobel Prize winner Joseph Stiglitz in a long column published in the Financial Times said that Argentina needs the opening of foreign markets if the country is to recover its real economy.

• Tuesday, September 24th 2002 - 21:00 UTC

  Sheep are coming back in Patagonia

  Following the devaluation of the Argentine currency and the strong world market for wool and lamb, Patagonia sheep farmers are again enthusiastic and timidly beginning to invest.

• Tuesday, September 24th 2002 - 21:00 UTC

  Claims of hake licensing “irregularities” in Argentina

  A report from the University of Buenos Aires, UBA, on 25 years of fisheries licensing with the identification of serious “irregularities”, and which apparently has disappeared, has been requested by a Justicialista Senator from the province of Chubut.

• Tuesday, September 24th 2002 - 21:00 UTC

  Duhalde rejects advancing election

  President Eduardo Duhalde administration rejected once again demands to advance the Argentine general election for next December, instead of March 2003 as scheduled in the official electoral calendar.

• Monday, September 23rd 2002 - 21:00 UTC

  New low record for Chilean peso

  The Chilean currency opened this Monday with a new record low, 750 pesos to the US dollar, after a week of constant depreciation of the peso. Last Friday September 20th the US dollar was selling in Santiago for 743 pesos, a 1,4% jump in one just week since market operations had begun at 729 pesos to the US dollar Monday September 16th..

• Monday, September 23rd 2002 - 21:00 UTC

  Budget to emphasize “social expenditure”

  Chile's 2003 national budget will be “austere” but more resources are to be destined to health, education and combating extreme poverty it was announced by the presidential spokesman last week.

• Monday, September 23rd 2002 - 21:00 UTC

  Sheep farming lost 300 million US dollars

  Sheep farming that is gradually beginning to recover in Uruguay lost during the last decade approximately 300 million US dollars.

• Thursday, September 19th 2002 - 21:00 UTC

  Argentina expects 3% growth in 2003

  Budget estimates for 2003 anticipate the Argentine economy will grow 3%, annual inflation should not surpass 45% while debt payments to multilateral financial organizations will be equivalent to 4 billion US dollars.

• Thursday, September 19th 2002 - 21:00 UTC

  Investment retraction

  Argentina and Brazil were the two countries most affected by the retraction of investments in Latinamerica which began in 2001 and extended into the first half of 2002.