Latin American policy makers must be prepared to use interest rate cuts and consider fiscal measures to protect their economies in the event that the global economy stalls, the International Monetary Fund said.
The value of goods exported from Latin America and the Caribbean will grow by 27% in 2011, which is similar to that of last year according to a report presented in Santiago, Chile, by the Economic Commission for Latin America and the Caribbean (ECLAC).
The Brazilian cities of Sao Paulo (19) and Rio do Janeiro (26), together with the Venezuelan capital Caracas (47) and Bogotá (57) Colombia, figure among the most expensive cities in Latin America, according to a bi-annual rating from the Swiss bank, UBS.
The FEI (International Equestrian Federation) and the World Animal Health Organization (OIE) will jointly host a conference in Guadalajara, Mexico on 24 October focusing on modernizing international movement of horses in South America.
The World Bank's chief economist for Latin America and the Caribbean said Monday that the bank is maintaining its 2011 outlook for the region's economic growth at about 4.5% despite concerns of a new global crisis.
The UK is showing a renewed interest in South America and has been successful in establishing cooperation with individual countries in spite of Argentina’s attempts to gather multilateral support for its claim on the Falkland Islands, according to World Politics Review.
South America’s top economic and monetary authorities will be meeting in Lima and later in Buenos Aires to agree on “joint and specific actions” to address the flush of global liquidity distorting regional currencies and of unsold manufactured goods threatening jobs and industry.
Latin America and the Caribbean will maintain the recovery that began in the second half of 2009, following the international economic crisis and are poised to grow 4.7% in 2011 with a strong boost from domestic demand, according to the latest report from the Economic Commission for Latin America and the Caribbean.
Clouds of ash spewing from Chile's Puyehue volcano again grounded flights at airports in Uruguay and Argentina, where a major football tournament is being held. Scores of local and international flights were delayed or cancelled in and out of Buenos Aires, regional airport authority Aeropuertos Argentina 2000 said on its website on Friday.
A new study has found that a Norwegian, who undertook a Kon-Tiki expedition to prove that Polynesians had South American roots, was partly right about his theory.
In 1947, late Thor Heyerdahl controversially claimed that Easter Island's famous statues were similar to those at Lake Titicaca in Bolivia.