While this week's BRICS summit might have been off the radar of Western powers, the leaders of its five member countries launched a financial system to rival Bretton Woods institutions and held an unprecedented meeting with the governments of South America.
As Argentina starts to mend fences with the international financial markets, the emerging powers that make up the BRICS bloc invited it to their next summit. This could be a step towards this country’s reinsertion in the global map, after its ostracism from the credit markets since the late 2001 debt default.
Argentina finds itself in a strange position since the U.S. Supreme Court rejected its appeal Monday to take a case in which a small group of creditors is suing this country for full repayment: it is on the brink of default even though it is one of the countries in the world that has done the most to dig itself out of debt.
The U.S. Supreme Court’s decision to reject an appeal by the Argentine government will embolden aggressive “holdout” creditors, anti-poverty groups say, and make it far more difficult to arrive at debt-relief agreements for poor countries.
In the past 15 years, China has gone from being a relatively insignificant economic partner in Latin America to the number-one trading partner of some of the largest economies in the region.
The advertising department of Swiss agribusiness giant Syngenta was on a roll in early 2004 when it published a map that dubbed a large area of Argentina, Brazil, Bolivia, Paraguay and Uruguay the “United Republic of Soy”.
At the age of 22, Franco finally landed his first job, although he is not on any payroll and receives no labour benefits. He is part of Argentina’s informal economy, where one out of three workers are employed – a proportion the government aims to reduce by means of a new law.
The term “lynching”, which emerged in the United States and refers to vigilantism or a mob taking justice into its own hands, has now entered the vocabulary in a number of Latin American countries.
Just being young, dark-skinned, poor, and wearing a hood or cap exposes you to arrest as a suspected offender in the Argentine province of Córdoba. Arbitrary police detentions are based on the misdemeanour of “loitering”, meant to prevent crime but in fact a violation of constitutional rights.
While the magnificent samba schools of Brazil were getting ready for the grand carnival in Rio de Janeiro, a modest carnival troupe toured a small Argentine town to draw attention to an urban problem that has brought the central province of Córdoba to the brink of environmental disaster: garbage.
Argentine consumers have responded to calls on social networks to mobilise against price hikes that threaten the country’s major advances towards poverty reduction and greater social equality.
Residents of a town in Argentina have won the first victory in their fight against biotech giant Monsanto, but they are still at battle stations, aware that winning the war is still a long way off.
Record temperatures at the start of the southern hemisphere summer in Argentina have been accompanied by highs on the thermometer of social discontent, as consumption peaks left thousands without electricity and threw into sharp focus the failings of the privatisation of the power industry in the 1990s.
The ratification as Argentina’s army chief of an officer accused of involvement in crimes against humanity during the 1976-1983 dictatorship has revived the debate about the thin line between the moral and judicial responsibility of those let off the hook by an amnesty law for merely “following orders”.
Tired of the drought driving away their men and killing their livestock, the women of Guanaco Sombriana, a town in northern Argentina, have found a new source of income by using the seedpods of native trees that up to now merely provided shade in this arid landscape.