The Minister of Latin American Affairs is in Montevideo, Uruguay for a meeting with government officials. The meeting concerns cyber-security issues possibly related to a recent U.S. court ruling in favor of plaintiffs suing the government of Argentina over bond payments to US holders of those bonds that Argentina defaulted on in 2001. The court ruled Argentina must pay all holders equally, not just those who negotiated reduced payments in 2005-6.
Coming on the heels of his trip to Paraguay 2 weeks ago, our Minister is definitely a man on the go. Later this week he will be in Brasilia, capitol city of Brazil; and will engage in discussions related to his work in the two other countries. Lots happening down south, especially now that investors have withdrawn investments in Brazil's booming economy. The devaluation of the currency against the dollar has caused concerns in financial markets, not the least because of the upcoming Olympic Games and the soccer World Cup Tournament. Urban unrest in Brazil has also given investors pause with future plans in South America's largest country and largest economy.
Updates will be posted as information arrives in the mayor's office.
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