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Regime calls massive pro-Chavez rally in Caracas  CARACAS: Venezuela's leftist leadership called Monday for a massive show of support for ailing President Hugo Chavez in Caracas on January 10, the day he is supposed to be sworn in to a new six-year term.   "All of Venezuela will come here in front of the Miraflores presidential palace, the people supporting our president, the people supporting comandante Chavez -- in an overwhelming manner, the people in the street," said National Assembly speaker Diosdado Cabello.   Cabello, who also heads Chavez's United Socialist Party of Venezuela, said heads of state and government also were expected to attend the giant rally. Uruguay's President Jose Mujica confirmed that he will be in Caracas.   The call came as the government faced rising criticism over plans to indefinitely delay Chavez's inauguration if he is too sick to be sworn in.   The Catholic church waded into the controversy with a veiled warning to the government that it would be "morally ...

Chile December economic growth to be lower than November SANTIAGO: Chile's economic growth will ease in December following a 5.5 percent expansion in November, Finance Minister Felipe Larrain said on Monday after the central bank released November's stronger-than-expected growth figure.   Center>Copyright Reuters, 2013 ...
Key political risks to watch in Mexico MEXICO CITY: Mexico's new president, Enrique Pena Nieto, has vowed to push through wide-reaching fiscal and energy reforms this year to boost economic growth, while seeking to forge peace after years of extreme drug-related violence.   Following are the main political risks to watch in Mexico.   REFORMS   After taking over from his conservative predecessor, Felipe Calderon, on Dec. 1, Pena Nieto proposed a balanced budget for 2013 and has outlined plans to spur more competition in key industries and ...
Brazil inmates train cat for prison break  BRASILIA: A cat trained by prisoners to deliver cell phones and tools to dig tunnels was caught at a jail in northeastern Brazil after sneaking in with forbidden items strapped to its body.   "An agent saw the cat and went to look at it closely because something about it seemed wrong," Marcelo Avelino, the head of the prison guards' union, told the O Globo newspaper.   The agent found a bag tied to the animal's body filled with ...
Venezuela assembly chief re-elected in show of unity  CARACAS: Venezuela's National Assembly re-elected the ruling party's Diosdado Cabello as speaker Saturday, in a display of unity as President Hugo Chavez battles cancer in Cuba.   With a show of hands, the Chavez-controlled assembly reaffirmed Cabello in the position in a closing of the ranks by the ruling United Socialist Party of Venezuela amid reports of an internal fight for power.   "We will never defraud the people and we will get on our knees to defend the ...
Ecuador inflation rate 4.16pc in 2012 QUITO: Ecuador's consumer prices rose 4.16 percent last year, the government of the South American OPEC nation said on Saturday, below its forecast of 5.14 percent.   That was lower than the 5.41 percent recorded in 2011, but above the 3.33 percent seen in 2010.   The success at keeping price increases in check was a big part of the country's robust economic performance last year.   Ecuador's economy is likely to have expanded by about 5 percent in 2012, President ...
Venezuela assembly meets amid Chavez health crisis CARACAS: Venezuela's National Assembly meets Saturday to elect its leadership in a session that also is expected to thrash out the country's political future as President Hugo Chavez battles cancer in Cuba.   The elections will be a key political test for its current leader Diosdado Cabello, the regime's number three and a perceived rival for power with Vice President Nicolas Maduro, Chavez's handpicked successor.   Both men have denied persistent reports of a power struggle between them and ...

 



 
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln