Alvaro Uribe, President of Colombia, has always been a preacher of foreign investment as a fundamental economic policy that would help fuel the country’s growth.
But there is a major reason he wants to promote Colombia as a foreign investment destination so passionately. The Colombian economy shrank 0.5% during the second quarter [...]
With the aim of increasing international trade, 22 emerging and developing countries, including seven Latin American nations, signed an agreement to reduce tariff barriers by 20% on a minimum of 70% of the products they regularly trade among themselves.
The list of signatories, who met on the sidelines of the World Trade [...]
After the Venezuelan government announced an audit of three private banks “behind closed doors”, Hugo Chávez announced that he would merge the three institutions to create a new State bank called Bicentenario.
This, reported AFP, brings the total number of organizations audited by the executive branch in the past two weeks, as a [...]
Far from the earthquake unleashed on international markets by Dubai’s request to defer payment of its multi-million dollar debt, the two major stock exchanges in Latin America, Mexico City and Sao Paulo finished November with significant gains in what was the first month world economies began to show signs of recovery [...]
The economic climate improved in all Latin American countries between July and October 2009, reports the latest joint quarterly study drawn up by the Brazilian Economy Institute, the Institute for Economic Research at the University of Munich (Ifo) and the Getulio Vargas Foundation (FGV), which also underscored the recoveries underway in [...]
Argentina’s economy will lag other countries in the region, expanding between 2% & 2.5% next year and recovery will be “much slower” in the post 2008 crisis than in previous years when the country enjoyed growth rates of 6% to 7%, according to economist Nouriel Roubini.
Speaking in a teleconference with Buenos Aires, Roubini [...]
Colombian coffee exports in the last two months of the year are unlikely to surpass 1.6 million 60-kilogram bags, Colombia’s National Coffee Exporters Association, Asoexport.
Asoexport President Jorge Lozano told Dow Jones Newswires that based on the latest figures for production, which have shown no signs of a recovery from weather problems, it’s no longer realistic [...]
Colombia & India signed a bilateral agreement for the promotion and protection of investment in New Delhi on Tuesday to encourage reciprocal business ventures between the two nations. The agreement with India is a move by Colombia to break into the Asian market.
The Minister for Commerce, Industry and Tourism, Luis Guillermo Plata, [...]
I’ll bite. Uruguay’s beef and energy sectors are steps ahead.
While it may not fit everyone’s definition of an emerging market, Uruguay sounds like a dynamic place. The country’s Investment Promotion Agency and other investment officials recently presented a program in New York highlighting the country’s investment potential, which I attended via a nearly flawless live [...]
The number of tourists travelling to Colombia’s major cities continued to rise significantly in the first half of 2009, despite serious security concerns & despite the global economic crisis.
The country’s three biggest cities, Bogota, Medellin & Cali, are suffering a soaring crime rate resulting from the ongoing fight between criminal gangs over the control over [...]