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Tag: Latin America

News

Why is Argentina’s economy such a mess

Why is Argentina’s economy such a mess?

Rampant inflation, a booming black market for US dollars and crippling debt – welcome to Argentina, one of the world’s most dysfunctional economies. How did it end up like this?

Guyana worries about Suriname

Guyana worried about Suriname

Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana’s Vice President Bharrat Jagdeo during an October 12 press conference. Jagdeo was asked to respond to reports about Guyana being used as a “negative example” of how to govern an oil industry. In his…
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Che Guevara

The Truth about Che Guevara

In the 1960s, for the United States, the greatest threat was just 90 miles south of Florida, Cuba and the communist dictatorship established by Fidel Castro and his proxy Che Guevara. Che Guevara was a scholar, philosopher, writer, teacher, healer, revolutionary, mass murderer, psychopath. So who was the real Che Guevara? Hosted by Colin D.…
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Petrobras production hits 3.98 million barrels a day – CEO

Petrobras production hits 3.98 million barrels a day – CEO

Production at Brazil’s state-run Petrobras hit close to four million barrels a day in this quarter, according to its chief executive officer, Jean-Paul Prates.  In a post on X (formerly Twitter), Prates said Petrobras began producing oil in 1953 with just shy of three thousand barrels a day.  “Today, @petrobras produces more than a thousand…
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Guyana alerts int’l partners on reports of Venezuela military mobilization near border

Guyana alerts int’l partners on reports of Venezuela military mobilization near border

The government of Guyana has issued a statement expressing its concern over reports of increased military activities and troop mobilization by Venezuelan forces in proximity to the country’s borders. In response to these developments, Guyana has taken steps to address the situation, including informing its international partners and taking measures to safeguard its sovereignty. The…
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protectionisme

EU begins applying the Carbon Mechanism on seven imports with surcharges to 20% to 35%

With the adoption of the Carbon Border Adjustment Mechanism (Cbam), Brussels subjects imports of seven inputs to surcharges of 20% to 35% if production exceeds its environmental limits The European Union has been proactive in pressuring its trading partners to adhere to its domestic greenhouse gas emissions reduction goals, primarily rooted in protectionism. First, with…
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Training South American Diplomats

Training for South American Diplomats successfully completed

In September, a group of 16 junior diplomats from South America arrived at the Clingendael Institute for a three-week diplomatic training programme. The course focused on strengthening their diplomatic skills, deepening their knowledge on relevant regional and international issues, and familiarising the diplomats with policies in the Netherlands and the EU.  The training was divided…
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China's weaker economy means problems for commodity supplier countries from Latin America

China’s weaker economy means problems for commodity supplier countries from Latin America

“Growth in China is projected to be 5.1% in 2023, faster than the 3.0% in 2022,” the World Bank said The World Bank cut its economic growth forecast for China for 2024, citing continued difficulties in the domestic market including the property crisis and a fading rebound from the re-opening this year. Slower Chinese gross…
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Suriname’s oil-driven development dilemma

Suriname’s oil-driven development dilemma

The carbon negative South American country bides its time ahead of potential oil boom The FDI angle: In early June, Suriname’s state-owned company Staatsolie hosted an energy, oil and gas summit in the capital, Paramaribo. The aim was to “bring Suriname to the attention of the world” and promote investment into the country’s nascent offshore…
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French Total planning to drill for gas off shore Tierra del Fuego

French Total planning to drill for gas off shore Tierra del Fuego

The US$ 700 million project is expected to produce some 10 million cubic meters of natural gas per day, representing 8% of Argentina’s total production France’s Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November.  The US$ 700 million…
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