EMerging Equity
Uruguay
Russia Interested In Integration Of Latin American Associations’ Into The Eurasian Economic Union (EEU)
Russia is interested in Latin American associations’ integration into the Eurasian Economic Union (EEU), Russian Foreign Minister Sergey Lavrov said on Wednesday, TASS news agency reports. “We welcome Columbia’s active role in promoting integration processes in the region, including in the framework of CELAC [Community of Latin American and Caribbean States], UNASUR [Union of South … Continue reading
What Does A Slowdown In China Mean For Latin America?
By The World Bank Growth in Latin America and the Caribbean (LAC) has become increasingly dependent on activity in China, partly as a result of heavy reliance on commodity exports. A 1 percentage point deceleration of growth in China has been associated with a 0.6 percentage point slowing of growth in the LAC region. Growth … Continue reading
A Big Step Forward for Bolstering Financial Inclusion – IMF
By David Marston, Era Dabla-Norris, and D. Filiz Unsal Economists are paying increasing attention to the link between financial inclusion—greater availability of and access to financial services—and economic development. In a new paper, we take a closer look at exactly how financial inclusion impacts a country’s economy and what policies are most effective in promoting … Continue reading
Ride With The President! Uruguay’s Mujica Picks Up A Young Hitchhiker
Hitchhiking on one of Uruguayan roads, a young man has snagged a truly amazing ride – in President Jose Mujica’s car. Imagine a situation: you are hitchhiking on the road. Suddenly a car stops and a couple inside tells you:“You can get a ride”. You look closer and see they are your president and his … Continue reading
Petrobras’s Lesson For Latin America
By Hana Fischer In the wake of the scandal surrounding Brazil’s state-run oil company Petrobras, we would do well to analyze the role of state enterprises in the Americas. Codenamed Lava Jato, or “car wash,” the investigation into Petrobras operations by police and public prosecutors revealed a colossal corruption scheme involving former top executives, construction companies, and … Continue reading
Latin America’s Soon To Be Entrepreneurial Hotbed
Best known for the austere lifestyle of its outgoing president, Jose Mujica, Uruguay is a small country of 3.3 million individuals nestled in between the two South American powerhouses of Brazil and Argentina. Uruguay has been long dependent on foodstuff exports to fuel its economy. While this country is still reliant on exports of these … Continue reading
Brazil, Uruguay Move Away From U.S. Dollar In Trade
Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart Alberto Grana. Both countries believe … Continue reading
