End of preview - This article contains approximately 624 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - September 2005
CENTRAL AMERICA: Whacked by high oil prices
The surge in oil prices is creating huge problems for Central America and the Caribbean. The only relief in prospect is Petrocaribe, President Hugo Chávez 's initiative to encourage Caribbean countries, and perhaps also Central American countries, to buy more oil from Venezuela. The scheme allows importers (slightly) easier terms the higher the oil price goes. The catch is that governments will be expected by the Venezuelans to support President Hugo Chávez 's anti-US posturing.
- The outlook for 2006
- What's going to happen in 2006?
- Central bank changes policy
- Central bank cuts rates as economy hums
- ARGENTINA: Government crows but worries mount
- URUGUAY: Accelerating again
- CHILE: Growth and inflation up
- PARAGUAY: Pushing for an IMF deal
- BOLIVIA: Benefit of a FTA with the US
- COLOMBIA: The damage done by the dollar slide
- ECUADOR: Trade booms
- PERU: Exports continue to rise
- VENEZUELA: Booming
- CENTRAL AMERICA: Whacked by high oil prices
- COSTA RICA: Living beyond its means?
- PANAMA: Trade deficit rises
- CUBA: More sugar problems
- DOMINICAN REPUBLIC: Oil prices and IMF worry government
- EL SALVADOR: Slower growth
- GUATEMALA: Exports and remittances march upwards
- HONDURAS: Coffee optimism
- NICARAGUA: IMF worries
- Latin Americans say no to EU's second banana offer
- OIL: Opec puts in a safety net
- Briefs
- Increasing research
- Brazil sets a benchmark