Development banks could provide up to 200 billion dollars in financing to help poor nations deal with shockwaves caused by the European sovereign debt crisis, World Bank President Robert Zoellick said on Tuesday.
Spanish media criticized harshly the latest Ibero-American summit in Paraguay last Saturday arguing that the non attendance of 11 of 22 leaders of the region can only be described as a failure of Madrid’s diplomacy and disrespect for the Spanish representatives.
Brazil’s net debt fell in September to its lowest level since 1997, as a 15% decline in the real last month boosted the value of the country’s near-record 353 billion dollars in foreign currency reserves.
The US Government confirmed that president Barack Obama is scheduled to meet privately with President Cristina Fernández on Friday. The meeting will take place in Cannes, France one day after the G20 Summit begins.
The worsening of the world crisis is a factor that plays in favour of advancing negotiations for the European Union and Mercosur cooperation agreement and strategic association, said Socialist Euro Deputy Luis Yañez from Spain currently visiting Montevideo.
Venezuela’s Hugo Chavez has ordered the expropriation of 290.000 hectares (716.590 acres) belonging to a British-owned company amid a disagreement over compensation for earlier takeovers of ranchland from the firm.
The Organization of American States, OAS, faces a financial ‘crisis’ warned Monday Secretary General Jose Miguel Insulza after country members approved the 2012 budget totalling 85.3 million dollars, with no increase over the current level of expenditure.
The full gamut of the Royal Navy's abilities was on show in the Solent last week, during a series of high-profile action-packed demonstrations. The Solent separates the Isle of Wight from mainland England and is the access to Southampton.
United States said on Monday it had stopped funding UNESCO, the U.N. cultural agency, following its vote to grant the Palestinians full membership.
The United Nations Educational, Scientific and Cultural Organization UNESCO voted on Monday to admit Palestine as a full member of the Paris-based agency.