Latin America Could Turn to Russia, China in Wake of Trade Split With US

The governments of some Latin American countries have signaled that they are ready to “break their dependence” on the United States; Russia and China could play a key role in the region, Venezuelan political analyst Ernesto Wong told Sputnik Mundo. In an interview with Sputnik Mundo, Venezuelan political analyst Ernesto Wong said that in Latin America,Continue reading “Latin America Could Turn to Russia, China in Wake of Trade Split With US”

Uruguay and Chile, least corrupt countries in LAC region says Transparency International

In Latin America, Uruguay leads with a ranking of 21, followed by The Bahamas and Chile both in 24th place, and Venezuela figures at the bottom. Over two-thirds of the 176 countries and territories in this year’s Corruption Perceptions Index fall below the midpoint of a scale spanning 0 (highly corrupt) to 100 (very clean),Continue reading “Uruguay and Chile, least corrupt countries in LAC region says Transparency International”

China Seizes Opportunities in Latin America

China has big plans for Latin America—plans that seem to reflect China itself: massive and ambitious. There are plans for a $10 billion, 3,300-mile-long transcontinental railroad snaking through the jungles of the Amazon river basin and over the highest mountain range in Latin America, linking the Atlantic shore to the Pacific. There’s talk of aContinue reading “China Seizes Opportunities in Latin America”

India Looks to Boost Access to Latin America, Eyes $100 bn in Trade

In a bid to ease hurdles and open up access to new frontiers, the government aims to enhance connectivity with Latin American (LatAm) countries — a move which will ease the long-standing demand of various nations. Trade volume could easily go up to $100 billion. Sources in the government told FE, “At the recently concludedContinue reading “India Looks to Boost Access to Latin America, Eyes $100 bn in Trade”

Will Latin America Regain Prosperity in 2017?

Developments in the United States and China will impact Mexico and South America differently, experts say. Latin America’s major nations are hoping that 2017 will be the year that they finally recover from the lingering impact of weak commodity prices. For the fourth consecutive year, Latin America’s exports contracted in 2016, according to a reportContinue reading “Will Latin America Regain Prosperity in 2017?”

Brazil Sets Record Trade Surplus of $48 Billion

Brazil’s trade surplus soared to a record U.S. 47.69 billion, the country’s trade ministry’s statistics revealed on Monday. Amid political turmoil, a recession and a weaker real, exports boomed as imports were slashed in 2016. The previous record of $46.45 billion was in 2006, Reuters reported. Brazil’s new record was more than double 2015’s tradeContinue reading “Brazil Sets Record Trade Surplus of $48 Billion”

Why China is Cosying up to Latin America

Just days after Donald Trump’s victory in the US election, President Xi Jinping (習近平) set off for Latin America – his third trip to the region since taking office in early 2013. Beijing has laid out a new road… BY CARY HUANG Beijing has laid out a new road map for its relations with LatinContinue reading “Why China is Cosying up to Latin America”

Europe in Latin America

The EU’s development cooperation has achieved several successes in Latin America and is respected accordingly. European development cooperation has a long tradition in Latin America and has a good reputation. In the past two decades, the EU has signed trade agreements with different countries and groups of countries in the region, including Mexico, Chile, CentralContinue reading “Europe in Latin America”

IDB Backs Paraguay Agriculture, Economic Program

Paraguay will improve the competitiveness of its farm and livestock sector and its economic integration, particularly in the east of the country, with a road upgrade and conservation project backed by a $90 million loan approved by the Inter-American Development Bank (IDB). The beneficiaries will be users of the highway grid, especially small- and medium-sizeContinue reading “IDB Backs Paraguay Agriculture, Economic Program”

Agreement Between BNDES and IDB foresees US $ 2.4 Billion for Infrastructure

Investment Resources can be used to finance sustainable energy sectors and in micro and small enterprise projects The National Bank for Economic and Social Development (BNDES) approved this week a US $ 750 million loan for the Sustainable Energy Finance Program. The project focuses on increasing alternative renewable energy participation –  wind, solar and biomass –  the Brazilian energyContinue reading “Agreement Between BNDES and IDB foresees US $ 2.4 Billion for Infrastructure”