Central Bank Says Chile's Economy to Grow at 4.4% in 2010

According to a recent study by economists from Chile's central bank, after contracting during the first three quarters of 2009, the country's economy is expected to rebound in the fourth quarter, and hit a 4.4% growth level in 2010.

Peru, World's Largest Asparagus Exporter, Hosts Conference for International Companies

Peruvian companies like IQF del Peru S.A., Agroindustrias Aib S.A. and Tal S.A. will play host to an international conference for asparagus producers, held today in Lima. After beginning to export the green vegetable in the 1990s, Peru has emerged as the world's second largest asparagus producer, after China, and largest exporter, with annual export receipts topping US$450 million.

IMF Announces View that Asian Demand Will Boost Economic Growth in Latin America

At a press conference in Santiago, Chile, Nicolás Eyzaguirre, the Director for the Western Hemisphere at the International Monetary Fund (IMF), told reporters that Asian demand for natural resources would boost exports and spur growth in Latin American countries like Peru, Chile, Venezuela, Colombia, Bolivia, and Argentina.

Pero's Nuevo Sol Seen as Most Stable Currency in Latin America

Peru's economy, which is expected to grow at 6% in 2009, is boosted by strong exports, and an exchange rate policy that according to statements made to local press sources by central bank president Julio Velarde, has made the country's currency, the Nuevo Sol, the most stable in Latin America.