The presidents of Argentina and Brazil said on Thursday that an agreement is imminent on a free trade agreement between the European Union and Mercosur. Brazil's President Jair Bolsonaro and Argentina's Mauricio Macri expressed confidence that the deal would soon be signed as they met in Buenos Aires for talks.
The Government of Paraguay reported that approximately 40,000 people have been displaced since March as a consequence of the recent floods in the country.
US Secretary of State Mike Pompeo held talks on Saturday with Paraguay's President Mario Abdo Benitez as part of a four-nation tour of Latin American allies focusing heavily on Venezuela and countering China's economic reach.
Civil defense officials have reported that heavy rains in northeastern Brazil have killed at least three people and displaced 3,600, while apparently unrelated flooding far to the south in Paraguay has forced some 20,000 people from their homes.
South American countries on Friday launched the Forum for the Progress of South America (Prosur), a new regional bloc which seeks the “integration and strengthening of the region.”
Argentina, Chile, Paraguay and Uruguay re-launched their bid to host the 2030 World Cup following a meeting of their presidents in Buenos Aires on Wednesday. The four national presidents committed to creating a local organizing committee with a representative from each country to coordinate with CONMEBOL, South American football's governing body.
Paraguay's President Mario Abdo Benitez Friday welcomed Venezuelan dissident acting President Juan Guaidó, saying the latter represented hope for his people. Abdo added Nicolás Maduro's tyranny must end.
Jair Bolsonaro paid tribute to the former dictators of Brazil and Paraguay this week at a ceremony to celebrate the Itaipu hydroelectric dam. The Brazilian president, who has spoken previously of his admiration for the military dictatorship that ruled his nation from 1964 to 1985, praised former Paraguayan dictator Alfredo Stroessner as a man of vision.
Argentina, Chile, Paraguay and Uruguay are to submit a joint bid to host the 2030 World Cup, Chile's President Sebastian Piñera announced on Thursday. Argentina, Paraguay and Uruguay had already submitted a joint bid to host the centenary edition of football's most prestigious tournament, but Piñera said on Twitter that those countries' presidents had agreed to Chile's participation in the joint candidacy.
Intense rainfall in northeast Argentina and neighbouring areas in Mercosur members has caused devastating floods, amplifying the economic burdens of Argentina's recession. Over 5,000 people have evacuated the region, and millions of hectares of crops have been sent underwater.