Latin American economies as a whole are recovering nicely from the global economic downturn but “cheap and abundant external finances raise the risk of a boom-bust cycle”, said Nicolas Eyzaguirre, IMF Western Hemisphere Department Director.
A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap.
Argentina’s Deputy Economy Minister Roberto Feletti said the Government “will not accept economic policies to be dictated” by the International Monetary Fund (IMF) and added that country's statistical information is “trustworthy and solid.”
Leaders from the Union of South American Nations, UNASUR are scheduled to meet May 3 and 4 in Buenos Aires with President Cristina Fernández de Kirchner acting as host and Ecuador’s Rafael Correa as temporary chairman.
Uruguay is currently harvesting what is considered a record crop of soybean the ever expanding oil seed that as in neighbouring countries is taking over land from other exploitations and has made Mercosur the world’s leading producer and exporter.
Angry protestors from Argentina marched Sunday on to the bridge linking with Uruguay to express their disenchantment with the recent international court judgement on the pulp mill dispute, which confirmed the mill does not pollute and there’s no sufficient evidence for re-location or damages’ compensation as demanded by Argentine environmentalists.
In the Malvinas issue, the rule of the law has been shadowed by the logics of power, said Argentine ambassador before United Nations Jorge Arguello during the presentation Sunday of a book titled “The Malvinas question in the Bicentennial”.
Chile and Argentina agreed Friday an ample cooperation in military issues including the design and manufacturing of a joint aircraft for their respective air forces and the training of a rapid deployment force in support of United Nations peace missions.
Argentine industrial output surprised market expectations in March, powered by an increase in auto production, the latest sign of a strong rebound in Latin America's number three economy.
Economy Minister Amado Boudou said that the Argentine Government “will not accept any conditions” on its economic policies, allegedly rejecting an eventual revision of its accounts by the International Monetary Fund (IMF).