Vice-president Nicolas Maduro said on Thursday that Venezuela is willing to have the ‘best possible relations’ with the US government as long as these are based on respect and equality. He added that it was President Hugo Chavez who instructed the newly named Foreign minister Elias Jaua on the issue.
Latin America and the Caribbean will experience stronger economic growth, despite ongoing uncertainties at international level (particularly difficulties faced by Europe, the United States and China), according to new estimates released Tuesday in Santiago de Chile, by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
IMF Managing Director Christine Lagarde on a five day tour of Latin America is expected to outline the lender’s reversal of its decades-old opposition to capital controls, even as Brazil says the new position doesn’t go far enough.
Economics and finance experts said Latin American must address structural reforms as part of the essential process to consolidate as an economic power and look after the Asian market.
Argentine President Cristina Fernandez criticized international organizations which she described as ‘predators’ and called for the region to create its own mechanisms to settle litigations among South American countries.
Latinamerican countries most of which recognize Palestine as a free and sovereign state, helped this week with their votes to elevate the status of the Palestine Authority to “non member observer” which was approved this week by an overwhelming majority of the UN General Assembly.
Dengue continues to claim lives in Latin America with over 400 deaths and nearly 161.000 infection cases according to this year’s reports from the different countries.
Brazil, Bolivia and Chile had the best ‘business climate’ in Latin America during October according to the Economic Climate Index, ICE from the Brazilian think-tank Getulio Vargas Foundation, FGV.
The XXII Ibero-American summit which takes off Friday in the city of Cadiz will be focused on the Euro zone crisis and the need to boost investments in Latin America of which Spain can become the “vertebrate axis” said Spanish Foreign minister Jose García Margallo.
By Hector Timerman - Foreign Minister Héctor Timerman underlined Argentina’s struggle against paying ‘vulture funds’ in an article written for US newspaper Huffington Post about how Latin American and Africa are affected by these funds.