Archive for November, 2011

ECLAC: Latin American Poverty at Lowest in 20 Years

Poverty in Latin America, often seen as one of the world’s most unequal regions, has dropped by 17 percentage points over the past 20 years, according to a report published Tuesday by the Economic Commission for Latin America and the Caribbean, ECLAC. ECLAC said in its report, Social Panorama of Latin America 2011, […]

Yanacocha suspends Conga gold project amid continuing protests

Yanacocha suspends Conga gold project amid continuing protests

Yanacocha has suspended its $4.8 billion Conga gold mine project in Cajamarca, as protests by regional leaders and peasant farming communities have continued to build up.  In a joint press conference at the government palace with Prime Minister Salomon Lerner Ghitis, the senior vice-president for South America of Newmont-Yanacocha, Carlos Santa Cruz, said the company’s […]

IMF Head in Peru, Meets President Humala

IMF Head in Peru, Meets President Humala

The head of the International Monetary Fund, Christine Lagarde, was in Lima Monday where she met President Ollanta Humala, on her first stop of a three-country tour in Latin America.  Prior to her meeting with Humala, Lagarde had met with Finance minister Luis Castilla and Central Bank president Julio Velarde. In […]

Peru Looks to Decrease Coca Cultivations by 20 Percent

Peru Looks to Decrease Coca Cultivations by 20 Percent

Peru’s new anti-drug plan will involve reducing the number of hectares used to grow coca leaves by 20 percent to 48,000 hectares, a government official said Monday. The five-year plan was created by Peru’s anti-drug agency Devida and submitted to President Ollanta Humala’s cabinet for approval. Ricardo Soberon, the head […]