Latin America

BANK OF THE SOUTH IS FORMALIZED

by News Agencies

29 September 2009

Presidents of Argentina, Brazil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela signed on September 26th. the foundational document on the sidelines of the Africa-South America Summit in Margarita Island, Venezuela, last night, after almost four years of attempts to form a regional financial institution. More

MANAGING CRISIS IN JAMAICA AND CUBA

by Robert Buddan

8 September 2009

In Cuba, the economy is the top priority and food security is regarded as nothing less than a matter of national security. In Jamaica, the economy is the priority, although winning by-elections seems to come close More

WHICH IMF DO YOU WANT?

by Roberto Bissio

2 September 2009

Technical or political, friendly or heated, these debates have explored all the aspects of the tumultuous relationship between the IMF and Latin America, except for one: What Fund do we want? How should we reform the Fund, if we could? More

BEYOND THE WORLD CREDITORS’ CARTEL

by Dariush Sokolov

20 August 2009

In Latin America and elsewhere, the IMF may be re-emerging-but in a changed landscape. More

BALTIC ECONOMIC INSTABILITY THREATENS TO SPREAD TO SWEDEN

by Jordan Shilton

17 June 2009

The uncertainty over Latvia’s economic future has provoked concerns in ruling circles throughout Europe. Concerns are particularly acute in Sweden. Estimates suggest that Swedish-based banks have outstanding credits totalling 500 billion kronor (nearly €50 billion) to the Baltic countries. More

SOUTH AMERICAN TRADE AND CURRENCY VOLATILITY

by Tony Phillips

9 June 2009

Latin America is rich in real terms, however its financial infrastructure is primitive. This means that many national and international transactions pass unnecessarily via northern financial centers, sometimes requiring two hard currency conversions from buyer currency to dollar to seller currency. More

CHALLENGES AND POSSIBILITIES: LEARNING FROM ALBA AND THE BANK OF THE SOUTH

by Martin Hart-Landsberg

22 May 2009

Three trends are highlighted : the failure of neoliberalism, the growing crisis of the East Asian model, and South American efforts to shape as well as advance an alternative development vision. It concludes with a brief discussion of responses to the challenges generated and possibilities afforded by these trends, highlighting six lessons for those working to build a more egalitarian, democratic, and sustainable world More

CHINA WILL LEND ECUADOR USD 1 BILLION FOR ENERGY INVESTMENTS

by Stephan Kueffner

6 April 2009

China will lend Ecuador $1 billion for investments in the oil, refining and electricity industries, Economy Minister Diego Borja said. More

THE ECONOMIC CRISIS FRUSTRATES LATIN AMERICA’S EFFORTS TO ESTABLISH THE BANK OF THE SOUTH

by César Muñoz Acebes

18 March 2009

Argentina, Brasil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela signed, at the end of 2007, the foundational act of the Bank of the South, but still continue working in a draft of the constitutive agreement. More

MONEY SENT FROM WORKERS TO LATIN AMERICA IS EXPECTED TO DROP

by Miriam Jordan

16 March 2009

After a decade of growth, remittances to Latin America and the Caribbean began to slow in 2008, according to the Inter-American Development Bank, as countries that attract large numbers of migrant workers, including the U.S., Spain and Japan, slid into recession. And this year, remittances to the region are likely to drop for the first time since the bank began tracking annual flows in 2000. More

LATIN AMERICA FACES THE GLOBAL CRISIS

by Claudio Katz

3 March 2009

The capitalists of Mexico, Brazil, and Argentina receive the assistance that should be allocated for the destitute. The social-liberal and neo-developmentalist governments all follow statist programs on behalf of the rich and powerful and do not coordinate their anti-crisis policies. More