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Peru invests in massive irrigation project to bring fresh water to its arid west coast

Next year, the Olmos Irrigation Project will start pumping billions of gallons of water onto a nearby 170-square-mile patch of desert in the Olmos Valley near the Pacific coast. The $500 million project is the most ambitious yet in a handful of massive irrigation works that are turning large swaths of Peru’s…

Chilean Housing Prices Higher due a strong well managed economy

Global Property Guide Unlike many other countries around the world, Chile’s housing market did not suffer the ill effects of the global financial crisis and new reports show that house prices are strong, particularly in the capital of Santiago. The Chilean real estate market experienced only a marginal slip during the worst of the…

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…