Sarah's Feed
Aug 21, 2015

Argentine president presents law to prevent sale of state stakes in firms

BUENOS AIRES (Reuters) – Argentine President Cristina Fernandez said on Thursday she was sending a draft law to Congress making it harder for the government to sell state stakes in local firms, two months before elections seen bringing a more market-friendly leader to power.

With Fernandez barred from a third consecutive term, the two main candidates are her ruling party’s Daniel Scioli and the PRO opposition party’s Mauricio Macri. Both are expected to move away from her interventionist policies, to varying degrees.

Aug 13, 2015

Argentine welfare programs create bedrock of support for president

LA MATANZA, Argentina, Aug 13 (Reuters) – Catalina Benitez,
a single mother of four, used to cry whenever heavy rain flooded
her squalid, one-room shanty house on the outskirts of Buenos
Aires, rotting her furniture and overflowing the latrine.

Now, thanks to a government housing scheme in slums, she is
the proud owner of a two-floor brick house with running water,
electricity and a proper sewage system.

Jul 27, 2015

Bolivia is tripling the size of its subway in the sky

LA PAZ, July 27 (Reuters) – Bolivia already has the largest
urban cable car system in the world. Now the booming country is
tripling the size of the network and will soon have nine lines
whizzing above the administrative capital of La Paz.

The Andean city of 1.8 million has long struggled with
chaotic transport. Minibuses and taxis with handwritten signs in
their windscreens pick up passengers randomly along winding,
congested routes.

Jul 22, 2015

Investors see green shoots in barren Argentine real estate market

BUENOS AIRES, July 22 (Reuters) – Argentina is still
struggling with a dearth of hard currency and mortgages but with
a change of government later this year, investors at home and
abroad are positioning themselves for a real estate market
revival they say is already taking root.

Real estate sales tanked in recent years due to stagflation
and capital controls introduced by President Cristina Fernandez
in 2011.

Jul 10, 2015

Shun gangs, have hope, Pope tells inmates at violent Bolivian jail

SANTA CRUZ, Bolivia (Reuters) – Saying he too had made mistakes and sinned, Pope Francis on Friday urged inmates at one of Latin America’s most violent prisons to shun gang violence and exhorted guards to treat them with dignity.

“The man standing before you is a man who has experienced forgiveness. A man who was, and is, saved from his many sins,” the pope told hundreds of prisoners and their children on a visit to a place one long-time inmate likened to “Sodom and Gomorrah”.

Jul 10, 2015

Pope calls for new economic order, criticizes capitalism

SANTA CRUZ, Bolivia (Reuters) – Pope Francis on Thursday urged the downtrodden to change the world economic order, denouncing a “new colonialism” by agencies that impose austerity programs and calling for the poor to have the “sacred rights” of labor, lodging and land.

In one of the longest, most passionate and sweeping speeches of his pontificate, the Argentine-born pope also asked forgiveness for the sins committed by the Roman Catholic Church in its treatment of native Americans during what he called the “so-called conquest of America.”

Jul 9, 2015

Poor, hungry, cannot be ignored, pope says in Bolivia

SANTA CRUZ, Bolivia (Reuters) – Pope Francis, at a Mass for hundreds of thousands of people in Bolivia, said on Thursday that everyone had a moral duty to help the poor, and that those with means could not wish that they would just “go away.”

The 78-year-old pontiff, on the fifth day of his three-nation tour of South America, is showing a few signs of fatigue but generally appears to be holding up well despite stark changes in altitude and temperature.

Jul 9, 2015

Bolivia’s Morales doubtful of full diplomatic ties with U.S. soon

SANTA CRUZ, Bolivia (Reuters) – Bolivian President Evo Morales said on Thursday he wanted to restore full diplomatic relations with the United States but doubted this would happen soon, even after the recent rapprochement between Washington and former Cold War enemy Cuba.

Morales, a prominent member of South America’s leftist bloc, told Reuters in an interview he had sought a meeting with U.S. President Barack Obama but had not received a response.

Jul 8, 2015

Inside Palmasola prison, Pope Francis will find inmates rule

SANTA CRUZ, Bolivia (Reuters) – Guards only secure the perimeter of Palmasola, Bolivia’s most notorious prison. Inside each unit, murderers, drug traffickers and rapists make the rules and run a lucrative criminal economy.

Money can buy inmates everything: a cell, a shower, drugs, protection, prostitutes and prime “real estate” as large as two-story houses, from which to run a business or simply live relatively well.

Jul 6, 2015

Bolivia eyes bond sale but U.S. rate hike uncertainty a snag

LA PAZ, July 6 (Reuters) – Bolivia may issue up to $1
billion in international bonds this year to help finance new
state-run industries and roads, but uncertainty over when the
United States will raise interest rates is complicating timing,
its economy minister said.

Luis Arce said the Andean nation wanted to broaden its
industrial base to add more value to natural resources already
being exploited and tap new mineral reserves. This would help
ease Bolivia’s dependency on gas exports and reduce its
vulnerability to global commodity prices.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
    • Contact Sarah

    • Follow Sarah