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Bolivia's president to seek third term to expand social reforms LA PAZ: Bolivia's President Evo Morales will run for re-election in October to press on with his promise of expanding social reforms in the Andean nation, the vice president of the ruling party said on Monday.The former coca farmer became Bolivia's first indigenous leader in 2006. Morales, 54, is lauded by supporters as a champion of the poor committed to easing the country's grinding poverty.Historically one of South America's most unstable countries, Bolivia has enjoyed relative prosperity and calm since Morales came to power. Gross domestic product per capita doubled between 2005 and 2011."Our president and vice president are confirmed as candidates for re-election," Concepcion Ortiz, vice president of the ruling Movement Towards Socialism (MAS), said."Social organisations across the country have said that he has to go for re-election."Copyright AFP (Agence France-Presse), 2014 ...

Brazil could see record fertilizer consumption in 2014- analyst SAO PAULO: Brazil could use a record amount of fertilizer this year, more than 32 million tonnes, even as low international grain prices decrease the incentive for agricultural expansion, an analyst said on Monday. Many farmers in the world’s top soybean exporter bought fertilizers early in the year when there was a favourable price ratio with soybeans and corn, said an analyst. “There is a lot of fertilizer that was purchased with anticipation and ...
BRICS to create development bank, 'mini-IMF' FORTALEZA: Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions.Brazilian President Dilma Rousseff hosts the leaders of Russia, India, China and South Africa in Fortaleza on Tuesday before talks with South American leaders the next day in Brasilia.The summit will mark the first face-to-face meeting between India's new Hindu nationalist Prime Minister Narendra Modi and Chinese President ...
Mexico president signs telecoms reform rules into law MEXICO CITY: Mexican President Enrique Pena Nieto on Monday signed into law new rules for the telecommunications and broadcasting industries that are designed to curb the power of billionaire Carlos Slim's America Movil and broadcaster Televisa.The legislation, approved by Congress last week, fleshes out a constitutional reform that Pena Nieto pushed through Congress last year to spur greater competition in the telecommunications market that is dominated by Slim."This reform will promote greater competition, more and ...
Pope urges protection of Central American migrant children MEXICO CITY: Pope Francis called on Monday for urgent action to protect and care for the tens of thousands of unaccompanied children migrating from Central America and Mexico to the United States.In a letter read by the Vatican envoy to Mexico, the pope said "such a humanitarian emergency demands as a first urgent measure that these minors be protected and duly taken in."Papal envoy Christophe Pierre read the letter, dated July 11, at a conference ...
Exiles mark tugboat disaster with fireworks off Havana KEY WEST: Cuban exiles said on Sunday they set off fireworks from a flotilla off Havana to commemorate an incident 20 years ago in which 37 people died fleeing the island in a tugboat.The exiles, who returned early Sunday to Key West, Florida, said they could see the lights of the Cuban capital when they set off the barrage of 85 skyrockets at about 9:30 pm Saturday (0130 GMT)."We can say mission accomplished," said Ramon ...
Peru's Humala eyes more reforms to spur faster growth LIMA: Peru's President Ollanta Humala said on Saturday he plans policy changes to boost domestic demand and offset tumbling mining exports that have dragged growth to its weakest pace in five years.Depressed global mineral prices and softer demand for commodities from China have been eating away at Peru's growth rates that topped 6 percent annually for much of the past decade.The government has said it will revise down its forecast of 5.7 percent GDP growth ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln