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Uruguay: From Crisis to Opportunity

Through 2005-2010, a range of World Bank initiatives effectively supported Uruguay’s successful efforts to consolidate economic and social recovery from a crisis in 2001-2002, which in turn drove down poverty rates, bolstered health reforms, and significantly reduced the national debt. The Bank was also instrumental in helping Uruguay eliminate foot—and—mouth…

Uruguay is Going Green, Diversifying its Energy Mix using Windfarms

Uruguay is quickly turning into a leader in Latin America in terms of using its wind resources to fuel the economy. And it is using the revenue stream from carbon credits to catalyze the investment, the World Bank announced today. A 10 MW wind farm built at Sierra de los Caracoles in Maldonado (eastern Uruguay) became the second…

Chile Wine Country Uncorked

Chile has long been a wine producing country since the first European settlers arrived in the mid-16th century. The original vines were brought by Catholic missionaries – of course they needed wine for sacramental purposes – via Peru, California and directly from Spain. For centuries, Chilean wine was limited to a domestic market due to its poor quality, but in the…

Chile says “Instead of changing the world through revolution, we can change the world through innovation”

Start-Up Chile is a program created by the Chilean Government, executed by Corfo via InnovaChile, that seeks to attract early stage, high-potential entrepreneurs to bootstrap their startups in Chile, using it as a platform to go global. The end goal of the accelerator program is to convert…

Reasons to Invest in Rio de Janeiro Brazil now

  Reasons to Invest in Rio de Janeiro Brazil now       Brazil was awarded grade status in 2008 by Moody’s and Standard & Poor which have positioned the country on a foreign investment fast track attracting billions of dollars of foreign investment every year. A stable economy, falling interest rates and rising tourism are just some of…

A New Pope with Three Firsts – First South American Pope Ever – Jesuit – Habemus Papus

Three firsts for the new Pope: Argentine, Jesuit and his election by fellow cardinals was announced by twitter. Jorge Mario Bergoglio, is a theological conservative with a strong social conscience, and a modest man who declined the archbishop’s luxurious residence to live in a simple apartment and travel by public…