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Funding woes force UN to slash rations for Syrians: official GENEVA: The United Nations will have to slash food rations to four million Syrians by 40 percent in October due to a shortage of funds, despite better access to areas in need, a senior UN aid official said on Wednesday.John Ging, director of operations at the UN Office for Coordination of Humanitarian Affairs, said in an interview that the "break in the pipeline" means greater hunger as a fourth winter of the Syrian civil war sets in. A record 4.1 million people in Syria received rations in August as more convoys were able to cross front lines and borders from Turkey and Jordan, the UN's World Food Programme (WFP) said this month."In October, WFP will be able to deliver 60 percent of what they have been delivering. In November it will be down to 40 percent," Ging told Reuters in Geneva after attending an unannounced meeting on humanitarian aid to ...

Rousseff dips in latest poll amid likely dead heat RIO DE JANEIRO: Latest opinion polls ahead of Brazil's presidential election next month Tuesday saw incumbent Dilma Rousseff and ecologist challenger Marina Silva still virtually neck and neck.But the former shed two percent as an Ibope poll gave her 40 percent of voter intentions while Silva remained on 43 in a likely run-off. But the contest is on course for a dead heat given a two percent margin of error.The poll showed Rousseff, 66, garnering ...
Brazil judge orders accounts frozen of ex-billionaire Batista RIO DE JANEIRO: A Rio de Janeiro judge on Tuesday ordered the bank accounts of former billionaire businessman Eike Batista frozen after authorities charged him with stock market manipulation, media reports said.Federal prosecutors last week filed criminal charges against Batista and embarked on moves to freeze an estimated 1.5 billion reais ($635 million) of assets, including properties, though the move is still pending.Saturday, the Rio de Janeiro prosecutor's office had revealed it was charging Batista ...
Venezuela faces default fears as LatAm economic woes mount CARACAS: Despite sitting atop the world's largest oil reserves, Venezuela's government is facing mounting concerns about its solvency, prompting a downgrade that has added to Latin America's recent economic bad news.Venezuela owes more than $6.4 billion in debt payments in October, equal to one-third of its total declared hard currency reserves.The overall economic picture is also bleak, with Venezuelans hit by chronic shortages of basic goods, annual inflation of more than 60 percent and a ...
First domestic case of chikungunya in Brazil: ministry BRASïLIA: Brazil's authorities on Tuesday reported the first domestically contracted cases of the mosquito-borne chikungunya virus, prompting the government to announce it was stepping up attempts to control the disease.The joint disease, which causes high fever and painful arthritis, is endemic to Africa and south Asia but has been moving north as well as west.Brazil's cases emerged in Oiapoque municipality in the northern region of Amapa, bordering French Guiana, where cases have also been reported.The ...
Colombia may pre-finance 2015 borrowing needs NEW YORK: Colombian Finance Minister Mauricio Cardenas said on Monday the government could start early to pre-finance some of its estimated $3 billion in 2015 borrowing needs by tapping international capital markets before year-end. "We are now thinking for next year. We may pre-finance some of the needs for 2015, but that depends on the markets, that depends on the assessment whether it is better to come to the markets with a bond issue this ...
Peru's Humala abruptly replaces his finance minister with key adviser LIMA: Peru's President Ollanta Humala replaced his influential finance minister with the ministry's chief adviser late on Sunday in a surprise shake-up that comes amid the worst economic slowdown in five years. Incoming Finance Minister Alonso Segura said his priority would be to consolidate reforms already underway in Humala's government, with an eye toward jump-starting economic growth. Segura said the global minerals exporter's economy would likely expand by less than 4 percent this year - ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln