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Economy was 'disrupted' by death of Chavez:Venezuela CARACAS: The political uncertainty created by the death of Venezuela's Hugo Chavez, its socialist leader, disrupted the economy and will have an effect on the OPEC nation's economic growth figures, the president of the country's central bank said.Economists and business leaders are expecting the country's government to report a sharp slowdown in economic growth in the first quarter of 2013 as a result of less government spending and a shortage of hard currency that crimped imports."The illness of our supreme commander and his lamentable passing automatically disrupt the economy," Central Bank President Edmee Betancourt said late on Thursday. "The (economic) indicators are not what we wanted."The central bank has not yet released first-quarter gross domestic product data, which was due out in mid-May.The country's principal private industry group, Conindustria, this week said its members' sales and production in the first quarter dropped to levels near those of 2008, when Venezuela's ...

Venezuela threatens to end support for Colombia peace BOGOTA: Venezuelan opposition leader Henrique Capriles on Thursday denounced as "blackmail" a threat by Caracas to end support for Colombia's peace process with leftist rebels.President Nicolas Maduro's government threatened to withdraw its support from the peace talks after Colombian President Juan Manuel Santos met with Capriles on Wednesday at the presidential palace.A photograph of Santos and Capriles shaking hands triggered a swift and angry reaction from Caracas, which announced it was recalling its delegate to ...
Internet access limits not due to politics: Cuba HAVANA: A senior Cuban official denied on Wednesday that public access to the Internet was being limited in Cuba for political reasons, insisting it was due to "technological and financial" considerations.Cuba announced this week it is opening another 118 locations where people can surf the Web or check email for a fee, but for most Cubans there will be no access from their homes."At this moment, it's not possible to immediately generalize access to the ...
Brazil posted 0.6pc GDP growth in 1Q BRASILIA: Brazil posted below expectations GDP growth of 0.6 percent in the first quarter of 2013 compared with the previous one, and 1.9 percent compared with the same period of 2012, official statistics showed Wednesday.The Brazilian Institute of Geography and Statistics (IBGE) put the expansion over 12 months at 1.2 percent.Market analysts had projected growth of 0.8 or 0.9 percent in the first quarter while the Central Bank had forecast a 1 percent expansion.The biggest ...
Brazil IGP-M inflation slows to zero in May on wholesale prices SAO PAULO: Brazil's broadest price index showed zero percent inflation in May after a drop in wholesale food prices offset increases in other segments.The IGP-M index, which encompasses wholesale, construction costs and consumer prices, posted no changes from April, compared with a 0.15 percent gain in April, the private think tank Fundação Getulio Vargas said on Wednesday. Wholesale prices fell 0.30 percent from April, while consumer prices rose 0.33 percent.The index had been expected to ...
Peru's economy to grow 6 to 6.3pc in 2013 LIMA: Peru's finance ministry said on Tuesday that the economy will likely expand between 6 and 6.3 percent this year as the Andean nation's trade surplus is seen shrinking to $644 million on weaker mineral exports.The economy will likely grow between 6 and 6.5 percent in 2014, the finance ministry said in a report.Copyright Reuters, 2013 ...
Biden in Trinidad on LatAm, Caribbean swing PORT-OF-SPAIN: US Vice President Joe Biden arrived in Trinidad and Tobago Monday where he was to meet with other regional leaders on his 20-hour visit to the island nation.The US Vice President and his wife Dr. Jill Biden arrived at the Piarco International Airport at 8:25pm on Monday along with an entourage of 150 people.Biden was greeted by Prime Minister Kamla Persad-Bissessar, Attorney General Anand Ramlaogan and members of her Cabinet. He saluted an Honour ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln