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...Milei’s party lacks a majority in both houses of congress, which could block some of his fiscal measures, and powerful labour unions oppose his plans....
...Other countries from Africa, the Caribbean and Central America, including Senegal, Chad, Jamaica, the Bahamas and Belize have also said they will send manpower....
...A currency union that covered all of Latin America would represent about 5 per cent of global GDP, the FT estimates....
...Rico....
...Henry, who is stranded in Puerto Rico, did not attend the summit....
...He was last seen in public on Friday in Nairobi, though Puerto Rico’s government confirmed on Tuesday that he was in the US territory....
...Henry, stranded in Puerto Rico after the airport closure prevented his return from overseas, agreed earlier this month under heavy diplomatic pressure to resign and hand power to the transitional council...
...to the US territory of Puerto Rico....
...A group including financial sector and union representatives monitored reform efforts, scrambling the story that the IMF was policing harsh reforms from afar....
...Moussa Faki, chair of the African Union Commission, said Israel’s offensive was the “most flagrant” violation of international law and accused Israel of wanting to “exterminate” Gaza’s inhabitants....
...Milei said he planned to host a “summit of Latin America support” for Ukraine later this year, marking a sharp difference with other regional leaders such as Brazil’s Luiz Inácio Lula da Silva and Mexico...
...“The US is the world’s biggest consumer of stuff; China is the world’s biggest producer of goods,” said Robin Brooks, former chief economist at the Institute of International Finance....
...Last year the gallery was accepted into the Swiss edition of Art Basel for the first time, and at Art Basel Miami Beach it will show a series of paintings by Puerto Rican artist Radamés “Juni” Figueroa....
...Prime Minister Ariel Henry remains in hiding in Puerto Rico while Caricom, the 15-member Caribbean Community, has called an emergency meeting in Jamaica for later today and invited the US, UN and Brazil....
...But as it happens there was one section — digital and data — that some of America’s Asia-Pacific partners seemed vaguely keen on....
...He faces fierce opposition on the streets in a country with a long history of mass protest by labour unions, which are dominated by the long-ruling leftist Peronist movement....
...Bastitta is building the most audacious project yet to lure Argentines tired of high taxes and chronic economic instability over the water to a country often dubbed the Switzerland of Latin America....
...Inflation is tracking in the triple digits and is likely to accelerate in the coming months, international reserves are at critically low levels with net international reserves in negative territory, and...
...benefactor, the Soviet Union, at the end of the cold war....
...The blue-chip swap rate, a free-floating exchange rate for international investors who buy stocks and bonds, has continued to weaken to more than 780 pesos to the dollar on Friday....
...She said Latin America and the Caribbean were natural partners for Europe in a “new international order based on multilateralism, democratic values . . . and social development and sustainable growth.”...
...What Argentina really needs, according to Alberto Ramos, chief Latin America economist at Goldman Sachs, is a rapid and dramatic fiscal adjustment, an independent central bank and wide-ranging structural...
...China meanwhile made development finance loans totalling $136bn to Latin America and the Caribbean from 2005 to 2022. Some leaders invited may also prove problematic for the EU....
...Investors and economists like the pro-business thrust of Milei’s ideas but many worry about his ability to implement them in a country with a large welfare state and strong labour unions....
...In this view, it’s always outsiders who are to blame for Puerto Rico’s plight, whether it’s the speculators who sold the islands to mainland tourists as “America’s Playground” or investors who saw the territory...
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