International
Thousands of Argentines protest soaring inflation
AFP
Thousands of Argentines brought central Buenos Aires to a standstill on Thursday in another massive protest against the South American country’s soaring inflation.
The “Federal march for work and salaries, and against hunger and poverty” was bolstered by thousands of people arriving from outside the capital, heeding the call from multiple unions and left-wing groups critical of center-left President Alberto Fernandez’s social policies.
Calls to protest have become more frequent since the start of the year, as the Argentine economy shows no signs of stemming its inflationary trend.
In the first four months of 2022, prices rose 23 percent, including a 6 percent jump in April, according to figures published Thursday.
Having already recorded inflation of over 50 percent in 2021, the current rate would surpass even the worst estimates of 60 percent by the end of the year.
Protesters are also angry at the government’s budgetary restraint, a necessity during debt renegotiations with the International Monetary Fund (IMF), which will see the country reduce its annual deficit from three percent of GDP in 2021 to zero by 2025.
Argentina’s left and far left have little clout at the ballot box but a great capacity to organize street protests.
They are vehemently opposed to repaying Argentina’s $44 billion IMF debt, and demand more generous social aid packages.
One of their main slogans is: “the debt is to the people.”
While the administration has tried to limit expectations of more aid, splits have begun to appear in the government coalition, with Vice President Cristina Kirchner, the former president, openly criticizing Fernandez.
“I don’t think we will honor all the expectations, all the confidence, all the hope that has been placed in us,” she said several days ago, in a veiled barb at the president.
In recent weeks, Fernandez boosted by 50 percent food vouchers for the poor, increased pensions for those working in the informal sector, and also hiked the minimum wage from 38,940 to 45,540 pesos ($319 to $373).
International
Ex-President accused of bid to establish dictatorship as verdict nears in South Korea
Prosecutors accused the former conservative head of state of leading an “insurrection” driven by a “thirst for power aimed at establishing a dictatorship,” during closing arguments presented this week.
They also argued that the 65-year-old former leader showed “no remorse whatsoever” for actions that threatened “the constitutional order and democracy.”
“At the time of sentencing, no mitigating circumstances can be taken into account, and a severe punishment is warranted,” prosecutors stated, as they formally requested the death penalty, which remains legally in force in South Korea, although no executions have been carried out since 1997.
A verdict in the case is expected next month.
The charges stem from the night of December 3, 2024, when Yoon Suk Yeol shocked the nation by unexpectedly announcing the imposition of martial law in a televised address and ordering troops to be deployed to the National Assembly.
Central America
U.S. and El Salvador maintain close partnership, embassy says
The Chargé d’Affaires of the United States Embassy in El Salvador, Naomi Fellows, said on Monday that relations between the two countries remain “very close” and that both governments continue to work together in several areas of shared interest.
Speaking at a press conference, Fellows highlighted the longstanding friendship between the United States and El Salvador, as well as the achievements reached through bilateral agreements.
“In terms of our relationship with El Salvador, it continues to be very strong, very close. We are partners on security issues, on economic development; partners on migration, and on many other matters,” she said.
Fellows added that the relationship remains solid and is expected to continue strengthening through joint actions and cooperation initiatives.
On security, she noted that the administration of U.S. President Donald Trump has underscored the results of the measures implemented by the government of President Nayib Bukele to improve public safety in the country.
Senior U.S. officials have visited El Salvador to observe firsthand the impact of the Territorial Control Plan, including tours of the Terrorism Confinement Center (CECOT).
Fellows also emphasized the strong personal ties between the two nations, pointing to family and friendship connections that link Salvadorans and Americans.
Central America
Taiwan’s $10 million donation after 2001 earthquakes allegedly diverted in El Salvador
Amid the national tragedy left by the earthquakes of January 13 and February 13, 2001, a controversial corruption scandal emerged that later implicated former presidents Francisco Flores and Elías Antonio Saca, as well as senior executives of the ARENA party.
Although there were efforts to conceal a scheme involving the misuse of public funds, subsequent investigations revealed that between October 2003 and April 2004 the government of Taiwan, led at the time by President Chen Shui-bian, delivered at least three checks totaling $10 million in donations to El Salvador. The funds were diverted and never recorded by the Technical Secretariat for External Financing, the government body responsible for coordinating and monitoring international cooperation resources.
The plight of more than 1.5 million earthquake victims prompted an outpouring of international solidarity. However, it also fueled ambitions among sectors that allegedly took advantage of the emergency to improperly appropriate resources intended to ease the suffering of those affected.
Part of the $10 million donation was earmarked for the construction of housing for residents of Las Colinas, one of the communities hardest hit by the 7.7-magnitude earthquake that struck on January 13, 2001, at 11:35 a.m. Plans also included the creation of a memorial park to honor the 525 victims buried by landslides.
At a press conference in January 2014, Alejandro Flores, president of the Las Colinas community board, stated that residents received some assistance from Taiwanese cooperation funds. However, he clarified that this support came from different resources and that the destination of the $10 million donation was never known to them.
Ex-President accused of bid to establish dictatorship as verdict nears in South Korea
U.S. and El Salvador maintain close partnership, embassy says
Taiwan’s $10 million donation after 2001 earthquakes allegedly diverted in El Salvador
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
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