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Weekly Report - 1 September 2011 (WR-11-35)
PERU: Castilla presents bold but balanced budget
“Growth with social inclusion is not a cliché but a state policy.” This was the message from Peru’s economy and finance minister, Luis Miguel Castilla, this week after he presented details of a draft budget proposal which calls for a substantial increase in spending on social programmes, as well as the education and health sectors, while preserving a rainy day fund should the global economic slowdown impact the country. The ratings agency Standard & Poor’s gave Castilla, and the administration of President Ollanta Humala, the thumbs up this week by lifting Peru’s credit rating by one notch.
- Casino fire shocks Calderón into declaring national mourning
- MEXICO: Lujambio drops out of PAN race
- TRACKING TRENDS
- VENEZUELA: How will the new strategic gold sector work?
- COLOMBIA: Santos embraces new tool
- BOLIVIA: A landmark ruling
- PERU: Castilla presents bold but balanced budget
- TRACKING TRENDS
- CHILE: Piñera makes final concession
- BRAZIL: The PT and the press
- URUGUAY: Revamping the ruling party
- PARAGUAY: Familiar name takes over interior ministry
- TRACKING TRENDS
- PANAMA: Ruling alliance implodes
- HONDURAS: Drugs and the land conflict
- The wider reaction to Gaddafi’s demise
- Quotes of the week