Hand in hand with UN Environment and the Inter-American Development Bank (IDB), the People’s Bank of China (PBoC) disembarked in the Argentine capital to prompt this country to adopt and promote the agenda of so-called green finance, which supports clean or sustainable development projects and combats climate change.
Development in Argentina in the second half of the 19th century and the first half of the 20th century was closely tied to that of the railway. The eighth largest country in the world, Argentina’s economy grew through exporting agricultural and livestock products, and the railways were key to founding centres of population and transporting goods to the ports.
Two new nuclear power plants, to cost 14 billion dollars, will give a new impetus to Argentina’s relation with atomic energy, which began over 60 years ago. President Mauricio Macri made the announcement from China, the country that is to finance 85 per cent of the works.
In January 2008, Rosana Galliano was shot to death in Exaltación de la Cruz, a rural municipality 80 km from Argentina’s capital, Buenos Aires. Her ex-husband, José Arce, who was sentenced to life in prison, had hired hitmen to kill her.
What at first was terrible news that outraged a large proportion of Argentine society, who see the conviction and imprisonment of dictatorship-era human rights violators as an irrevocable achievement for democracy, became a cause for celebration a week later.
Since a US Energy Information Administration (EIA) report announced in 2011 that Argentina had some of the world’s biggest shale oil and gas reserves, the dream of prosperity has been on the minds of many people in this South American nation where nearly a third of the population lives in poverty.
Argentina and the United Arab Emirates (UAE) agreed Friday Mar. 17 to explore the possibility of this South American country receiving investment from the Gulf nation, particularly tourism and health, while they pledged to strengthen bilateral relations and increase trade.
Is it possible to spend 5.2 billion dollars to clean up a river which is just 64-km-long and get practically no results? Argentina is showing that it is.