Critics of the democratically elected government of Cristina Fernandez de Kirchner have compared her strategies for dealing with the vulture funds to those of the military government that invaded the Falkland Islands, but the CFK administration fires back that the holdouts are “mobsters;” some observers think the dispute should end up in the Hague, and
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The Economic Climate Index fell to its lowest point since July 2009, when the region suffered the effects of the international economic crisis.
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At the Council of the Americas meeting held in Guatemala investment opportunities in that country were presented. In the forum presenters stressed the importance of the integration of Central America to facilitate trade, investment needs in infrastructure, connectivity and human capital.
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The administration of President Luis Guillermo Solís has set an ambitious goal to create 217,000 jobs and integrate more workers into the formal sector during the next four years. The business community, however, does not share the president’s enthusiasm.
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Guatemalan municipalities with higher rates of poverty are most likely to have had lower rates of public investment over the past five years. Guatemala also ranks among the ten most vulnerable countries to climate change worldwide.
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The trajectory of the Peruvian economy over the last decade has been impressive, based on imitating the Chilean experience. And even though not all is well in the land of the Incas, it is still looking better than Chile.
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Signs of self-sustaining recovery in some advanced economies are offset by slowing growth in emerging markets.
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Brazil’s central bank kept the key interest rate (the Selic) unchanged, while Chile’s central bank cut the country’s benchmark interest rate.
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Economy minister Axel Kicillof reminded the vultures that they never actually lent Argentina a cent, while insisting that a stay from Judge Thomas Grisea is necessary to give his government time to work out a deal. The Brazilians looked on with anxiety, the Uruguayans called out the U.S. for its less than objective role, and
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Landlocked Paraguay has become the new “soybean king” with a harvest of over 9 million tons.
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