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Economy & Business - October 2007 (ISSN 1741-4431)
ECUADOR: Correa raise oil taxes
President Rafael Correa signed a decree on 4 October jacking up taxes on windfall oil profits to 99%. This tax is likely to increase government revenues by between US$600m and US$700m over a full year. The economy minister, Fausto Ortiz, said that this extra money would reduce the budgeted borrowing requirement for 2008. Ortiz said that he expected to cut the borrowing requirement by US$1.9bn.
- What's wrong with Chile?
- MEXICO: How will the coming crisis in the US affect Mexico?
- BRAZIL: Invited to the top table
- ARGENTINA: What will Cristina do?
- CHILE: Central bank holds rates
- URUGUAY: The anti-inflation strategy
- PARAGUAY: IMF bullish
- BOLIVIA: Economy grows 3.15%
- COLOMBIA: Oil export problems
- ECUADOR: Correa raise oil taxes
- VENEZUELA: Cautious budget
- PERU: Bothered by dollar weakness
- COSTA RICA: State sector problems
- EL SALVADOR: Rural problems
- CUBA: Energy problems
- DOMINICAN REPUBLIC: General strike points to problems<
- GUATEMALA: Officials smug one year on from Bancafé debacle
- HONDURAS: IMF accuses government of extravagance
- NICARAGUA: Ortega hails IMF deal
- PANAMA: Oil bill up, but manageable
- OIL: Mexico takes a risk
- REGION: Fibre optics in the Andes
- PRIVATISATION: Banamex and friends win Aeroméxico
- REMITTANCES: UN recognises importance of remittances
- DEBT: US and Costa Rica rush through debt for nature deal