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Economy & Business - June 2004
DOMINICAN REPUBLIC: AES calls government's bluff
AES, one of the power-generating companies in dispute with the government, called its bluff and cut off electricity supplies on 22 June because, AES said, it has not been paid. The company supplies 229MW to the national grid which is already between 600MW and 700MW short of what is needed. The government reckons that demand is around 1,500MW a day. It claims that when everything is going well the industry can
generate just over 1,100MW.
- Better than forecast
- What's happening in 2004?
- Finance minister raises growth forecast
- BRAZIL: Government asserts itself
- ARGENTINA: Recovery on again
- CHILE: Corbo sticks to low interest rate policy
- PARAGUAY: IMF criticises breaks for business
- URUGUAY: Recovery gathers strength
- BOLIVIA: Optimism from central bank
- VENEZUELA: Braced for the referendum
- COLOMBIA: Steady
- ECUADOR: Oil exports jump
- PERU: Economy re-rated
- COSTA RICA: Fiscal reform finally approved
- CUBA: Sol Melía raises profits by 27%
- DOMINICAN REPUBLIC: AES calls government's bluff
- EL SALVADOR: Saca gets FMLN support for budget
- GUATEMALA: Fiscal compromise to cost at least Q1bn
- HONDURAS: Good harvest
- NICARAGUA: Inflation jumps
- PANAMA: Blockages
- PRIVATISATION: Congress alleges oil privatisation in Mexico
- BUSINESS: CVRD looks north
- USDA optimism at odds with local figures
- METALS: Chile's copper exports double, but prices stable
- COMMODITIES BRIEF
- ARGENTINA: Bondholders ask for more