Word: argentina
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...created. One of the most spectacular deals was the 750,000-acre acquisition of temperate rain forest in southern Chile by Doug Tompkins, who has headed the North Face and Esprit clothing companies. Tompkins spent some $15 million to acquire Pumalin Park, which stretches from the Chilean coast to Argentina. He is now buying land on the coast of Patagonia in southern Argentina to establish a reserve there. Other big private purchasers include Alan Weeden of New York City's Weeden Foundation, who has bought some 200,000 acres in South America and Africa, and Peter Buckley, a former...
...photovoltaic systems to bio-gas stoves that convert dung into fuel. More than a million rural homes in developing countries get electricity from solar cells. "The potential is enormous," says Anil Cabraal, an energy specialist for the World Bank, which has helped finance 500,000 residential solar systems from Argentina to Sri Lanka...
Once O'Neill saw South America's financial chaos up close during that quick tour of battered Brazil, Uruguay and Argentina, he wasn't so flip. Before he reached home, the Bush Administration surprised everyone by signing off on a $30 billion International Monetary Fund (IMF) rescue loan for Brazil, which began to restore stability. O'Neill gave tiny Uruguay $1.5 billion from the U.S. Treasury to stop a run on that country's banks. Now even profligate, bankrupt Argentina, which has sunk into bottomless recession through corruption and misguided policies, hopes to get in on the aid, though...
Bush's Latin America team argues that this is why it refuses to bail out unreformed kleptocracies like Argentina. Buenos Aires, said O'Neill, still lacks a "crystal-clear idea of the rule...
...Brazil, as the theory goes, too big to fail? We may never know, since whenever Latin America's largest economy gets in trouble, it also gets bailed out. Last year, the International Monetary Fund sent in $15 billion to protect Brazil from the aftershocks of Argentina's economic collapse. Last week, the IMF doubled up, putting together a $30 billion rescue package to both stabilize the troubled Brazilian economy and boost international faith in the rest of Latin America. The IMF hopes the package - its largest-ever in dollar terms - will break Brazil's downward spiral of plummeting currency values...