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Uruguay heads for 5th straight year of economic growth

Topics:economy
After the disastrous economic crisis in 2002, Uruguay has completely turned its economy around, registering the fourth straight year of growth. Last year the economy expanded by 7% and the coming year's forecast is at least 4.5%, says the economy minister.

Uruguay News Digest Uruguay sees '07 growth above 4.5 pct (Reuters)
Posted: 03/26/07 05:34 by Kali

Ecuador to use oil funds to open line of credit

Topics:economy
According to top government officials, Ecuador will utilize its oil funds to obtain a $250 million dollar line of credit, which will then be delivered to farmers and shop owners to assist them in developing their businesses.

Ecuador News Digest Ecuador to tap into oil funds for credit line (Reuters)
Posted: 03/26/07 05:10 by Giovanni

Ecuador wants to pay loans after renegotiation

Topics:economy
Ecuador Economy Minister Ricardo Patino, says that his country will not ask for total debt forgiveness from the lender, and has requested the Inter-American Development Bank to renegotiate the country's loans.

Ecuador News Digest Ecuador says seeks to renegotiate IADB loans (Reuters)
Posted: 03/25/07 08:13 by Giovanni

Forex rules eased by Malaysia

Topics:economy
New measures to liberalize Forex trading in the ringgit, have been announced by Malaysia's central bank. Following an optimistic report about the outlook for the coming year, it was decided to take the measures.

Malaysia News Digest Malaysia's central bank eases forex rules (Yahoo News)
Posted: 03/23/07 07:52 by Kali

Foreign residents to be taxed

Topics:economy
An immigration bill which will impose an annual immigration tax of 25 U.S. dollars on every foreign resident in Costa Rica, is to be submitted to the Legislative Assembly, saidPublic Security Minister Fernando Berrocal.

Costa Rica News Digest Costa Rica gov't to submit immigration bill to legislature (Peoples Daily Online)
Posted: 03/23/07 05:49 by Alain
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