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IMF Declares Brazil the Economic Powerhouse of Latin America
Brazil’s economic stature as the powerhouse of Latin America in 2023 is firmly established by the International Monetary Fund (IMF), outpacing Mexico and Argentina. The IMF’s World Economic Outlook forecasts Brazil’s GDP at an impressive $2.13 trillion, significantly ahead of Mexico’s $1.81 trillion and Argentina’s $621.83 billion. The Global Financial Stability Report adds context, highlighting […]
Uruguay’s Defense Minister Unveils Plans for Naval and Radar Upgrades
Uruguay’s Defense Minister Armando Castaingdebat has unveiled plans for significant military upgrades. The announcement, made alongside President Luis Lacalle Pou, includes the construction of two Offshore Patrol Vessels (OPVs) and the implementation of a new radar network. The OPV project, valued at €82.37 million ($14.71 million), involves a contract with Spanish shipyard Francisco Cardama. These […]
Conflict in Mozambique’s Cabo Delgado continues despite death of rebel leader
The conflict in Mozambique’s Cabo Delgado continues despite the death of rebel leader Bonomade Machude Omar. Mozambican researchers have expressed doubt that the killing of Omar will mark the end of the conflict in Cabo Delgado. He cited the ongoing sociopolitical causes of the conflict and the potential emergence of a more radical leader. Mozambique’s […]