Mexico, Colombia, Chile and Peru plan to work with the World Bank to launch a new bond to cover losses in the event of extreme weather, Peru's finance minister said.
South Korea and Chile agreed on Wednesday to bolster substantive bilateral partnerships in various sectors on the basis of their free trade agreement (FTA). Korean foreign minister Kang Kyung-wha and his Chilean counterpart Roberto Ampuero held talks on the sidelines of a regional meeting of the World Economic Forum (WEF) in Hanoi, according to Kang's ministry.
Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.
Foreign Secretary Boris Johnson concluded a five-day charm offensive in South America on Wednesday by expressing interest in a trade agreement with Chile and other countries in the so-called Pacific Alliance. Johnson extended a trip to a G20 foreign ministers’ meeting in Buenos Aires to include a tour of Peru, Argentina and Chile, seeking closer ties with all three countries.
Embattled President Pedro Pablo Kuczynski has offered his resignation to Peru's congress ahead of a scheduled vote on whether to impeach the former Wall Street investor on corruption charges, according to a presidential aide. If congress accepts the resignation, power would transfer to Vice President Martin Vizcarra, who is serving as Peru's ambassador to Canada.
Eleven Asia-Pacific countries have just signed the trade pact formerly known as the Trans-Pacific Partnership. Although the US pulled out last year, the deal was salvaged by the remaining members, who signed it at a ceremony in the Chilean city of Santiago.
The Peruvian president announced on Sunday night that he granted a medical pardon to jailed former strongman Alberto Fujimori, who was serving a 25-year sentence for human rights abuses, corruption and the sanctioning of death squads. President Pedro Pablo Kuczynski released a statement on Christmas Eve saying he decided to free Fujimori for “humanitarian reasons,” citing doctors who had determined the ex-leader suffers from incurable and degenerative problems.
During his visit to Chile and Peru, Pope Francis will honor the country’s religious roots and underline the plight of indigenous men and women. The Vatican said the pope will be in Chile Jan. 15-18, visiting the cities of Santiago, Temuco and Iquique. He then will fly to Peru and, from Jan. 18-21, he will visit Lima, Puerto Maldonado and Trujillo.
Lawmakers in Peru initiated proceedings to impeach President Pedro Pablo Kuczynski, who refuses to resign after being accused of failing to disclose decade-old payments from a Brazilian company embroiled in Latin America’s biggest corruption scandal. In a brief session, 27 of 130 members of congress put forward a request to consider removing the former Wall Street banker for “permanent moral incapacity”. Lawmakers could summon Kuczynski to defend himself before congress as early as next week.
Peru's Renato Tapia admitted discussing World Cup qualification with Colombia captain Radamel Falcao during their match on Tuesday night but denied making a pact. Falcao, who plays his club football for French Ligue 1 side Monaco, was seen in discussion with Peruvian players with his hand covering his mouth towards the end of the 1-1 draw in Lima.