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June 24, 2013

EXCLUSIVE U.S. seeks more Latin American travelers
Latin American companies see a smoother visa process as crucial to growing U.S.-bound travel

More than 6,000 delegates convened in Las Vegas, Nevada in June for IPW, an annual convention organized by the U.S. Travel Association to promote inbound international travel to the United States. For companies that sell U.S.-bound travel from Latin America, the Visa Waiver Program was of particular interest, Latin Business Chronicle reports.





IMF: Latin America's golden decade has come to an end
Region will have to focus more on increasing savings rates and productivity, says director

Latin America's "golden decade" has come to an end, but the region will remain attractive as it will continue to deliver higher growth rates than the developed world, said Alejandro Werner, the International Monetary Fund's western hemisphere department director. This golden decade saw Latin America enjoy average gross domestic product growth of 4 percent annually, Business News Americas reports.





Bolivia to hold double bloc membership
"It will strengthen Latin American integration", says minister

Bolivia will join Mercosur without abandoning the Andean Community and will continue with negotiations for a cooperation and trade agreement with the European Union, announced in La Paz the Foreign ministers from Bolivia, David Choquehuanca (left) and Luis Almagro from Uruguay, who currently holds the group’s chair, MercoPress reports.





Peruvian government works to stimulate private investment  
IDB says country could maintain growth rate of 6 percent over the coming years

Peru has begun to stimulate foreign investments by identifying bottlenecks, thus ensuring the current economic expansion will continue, the Inter-American Development Bank said Sunday. The bank's representative to Peru, Fidel Jaramillo, highlighted the initiative to create a task force responsible for keeping track of major investment projects in the country, Bernama reports.




Chile presidential favorite says HidroAysen project not viable
Project is now expected to require over $8 billion in investment

Chilean presidential favorite Michelle Bachelet said on Sunday night she is against the planned 2,750-megawatt HidroAysen hydropower project, suggesting the controversial complex still faces an uphill battle. Opponents slam HidroAysen on the grounds it would harm pristine Patagonia's environment and tourism, Reuters reports.






  • Suspended Paraguay says it will not rejoin Mercosur Bernama
  • Venezuela to ease foreign exchange regime Reuters
  • Anti-mining protests resume in Peru Global Voices
  • Cuba reaffirms strong ties with Laos Bernama
  • Argentina is main obstacle for Mercosur, say Brazilian farmers MercoPress





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