Colombia

The region is growing slowly, and inflation is diverging across countries: Colombia and Argentina are fighting rising prices, Brazil has broken through the ceiling of its target range, and Mexico is staying within its band. What do the latest data from the IMF and central banks show? Which currencies are under pressure? And where is the region headed?

The Big Picture

The prerequisites for the emergence of a political crisis in Venezuela arose several years ago as a result of the collapse of the economic system. The acute phase of confrontation has began in January, when the current president of the country, Nicolas Maduro, refused to comply with the demands of the opposition, which constitutes a majority in the National Assembly, about resigning and went for a second presidential term. The state leader announced his intention to continue to fulfill his duties until 2025.

The exposition of the museum, which is located in the building of the state bank of Colombia, you can see the figures made of pure gold. They are very similar to beautiful birds. Their size is only from one to four centimeters. Scientists have discovered them during the scientific and archeological expeditions, during excavations of the burials of the leaders of Indian tribes. Presumably, they were used as decorations in the form of brooches. But there is also a hypothesis that these are ancient amulets. Researchers dated them to the fifth century BC.

Colombia's foreign debt in July has risen up to 107.681 million US dollars, reaching 33.3 % of the Gross Domestic Product (GDP) – highest in the country since 1995, reported on Tuesday the Central Bank of the country.

In its report on Financial Markets, Bank of the Republic has informed that the percentage of total external debt to GDP has increased by 7.6 % in July compared with the same month of 2014, when the entire public and private indebtedness has reached 25.7 % of GDP.

External debt includes both public and private debt on the country.

Attorney General Alejandro Ordóñez said that the policy of persecution and systematic attacks against thousands of Colombians forcibly deported is a "crime against humanity".

The Attorney General of Colombia, Alejandro Ordóñez, had asked the ICC (International Criminal Court) to capture President of Venezuela Nicolas Maduro and other officials of his government.

The Mèrida Initiative was planned by the U.S. and Mexican authorities as a program that would satisfy all skeptics. It was expected that the Initiative would please Mexicans who see the “new U.S. expansion” in everything; and the representatives of the Washington establishment who want to justify these fears at the expense of humanitarian intervention; and those who strongly believe that the drug trafficking is the exclusively Mexican internal problem that the USA should not intervene into. However, after four years the Mèrida Initiative failed to meet these expectations.

At all times, people have been moving from one place to another in search of a better life regardless of their nationality or skin color. Someone escaped from oppressions, someone tried to start a new life in a new place from a clean slate, for some people change of place meant enrichment, glory, and honor. Some people had to change their residence against their own will: as a punishment people were not sent to prison, but to exile, forever.

Central America is not a major drug transit route, but a victim of violence and corruption that it generates. It also sees increased production and consumption of prohibited substances, according to a report published today by the UN.
"Security problems related to drug business, including high levels of violence, money laundering, corruption and other illegal activities, are issues which pressing the countries of Central America and Caribbean," says the INCB a autonomous body within the UN system.

President Nicolas Maduro denounced, that his opponents, with US support, are trying to infiltrate Colombian paramilitaries to generate violence and chaos in Venezuela.
On national radio and television Maduro called the people, the military and police forces to be vigilant and to prevent an armed attack from Colombian infiltrated paramilitary forces in Zulia, Tachira and Apure.

It's hard to imagine the 21st century without millions of vehicles, any kind you can think of. Dozens of design companies, hundreds plants throughout the world are working night and day to make transportation for a modern man as comfortable, safe, and fast as it can get. Ask anyone, and they will be ready to name the most famous automotive concerns and the latest luxury models of "iron horses". However, not many really know where is the initial "incubator" for the professionals able to make their dreams come true - at first as a design drawing, and then as a powerful machine.