Showing off new energy after cancer treatment, Venezuela's President Hugo Chávez hosted Latin American leaders on Friday to create a new regional body that pointedly excludes the United States and Canada.
Chile and Uruguay are the least corrupt countries in Latinamerica, while Paraguay and Venezuela are at the other extreme, according to the latest ‘Corruption Perceptions’ Index’ from Transparency International released this week.
While the economic crisis relentlessly ravages Europe and the United States, Latin American countries anxiously wait on the sidelines. The crisis could dampen the regional trend of solid growth during the past decade.
Poverty and indigence in Latin America and the Caribbean are at their lowest in twenty years according to the latest report from the UN Economic Commission for Latin America and the Caribbean, ECLAC, released on Tuesday in Chile.
IMF chief Christine Lagarde who this week will be visiting Latinamerica said that Brazil, Mexico and Peru, like to many other countries in the region have done remarkably well over the past few years and can provide some lessons to the advanced countries.
Union of South American Nations, Unasur, Economy and Finance ministers will be meeting next Friday November 25 in Buenos Aires to address the current international crisis and advance in a common agenda. The meeting will also include Central bank presidents and governors.
The Inter-American Development Bank (IDB), the World Tourism Organization (UNWTO) and the government of Ceará, Brazil, will bring together international and national experts to debate the impact of tourism on development, social inclusion, and regional integration in the Americas.
Brazilian economic activity dipped in the third quarter despite a slight rise in September, according to central bank data on Thursday. The central bank's IBC-Br economic activity index fell 0.32% in the third quarter.
The Latin American economy has entered a declining phase and will further slow down in coming months according to a report from the Brazilian think-tank Getulio Vargas Foundation, FGV.
The Mexican president underlined the strategic importance of Uruguay since it is the only Mercosur member that has a free trade agreement with Mexico, thus making it the ‘strategic partner’ of Mexico in Mercosur.