As investment levels are cut back, the oil price environment should be leveraged to encourage integration efforts in the region that would improve conditions for investment, even in a price-constrained environment. Countries that are net importers of energy should take advantage of this time to invest in renewable energy, since budgets might allow for this type of spending at the moment.
This week's likely top stories: Colombia to resume peace talks with FARC once hostages are released; Mercosur and Pacific Alliance convene to discuss regional cooperation; Uruguayans return to polls on Sunday to elect president; Panama courts Walmart for its regional distribution center; Goldcorp to inaugurate Cerro Negro mine in Argentina.
We should be doing everything we can to promote the view across Latin America that friendship with the United States is acknowledged, valued and rewarded by Washington. Sending an ambassador to Peru would be an important, and timely, next step to take.
The presidents of Chile, Colombia, Mexico, and Peru—which together represent 36 percent of Latin America’s GDP—begin arriving in Cali, Colombia, today for the seventh Pacific Alliance Summit.
The most controversial outcome of last month’s second CELAC (Community of Latin American and Caribbean States) summit in Santiago, following close on the heels of the first EU-CELAC meeting, was the decision in Santiago to appoint Cuban President Raúl Castro to the chairmanship of the 33-member regional body.
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