International
Argentina names new economy minister after surprise resignation
AFP
Argentina appointed economist Silvina Batakis as its new economy minister Sunday after Martin Guzman, the architect of a debt restructuring deal with the IMF, unexpectedly resigned.
President Alberto Fernandez appointed the 53-year-old Batakis, “a renowned economist” who was economy minister for Buenos Aires province from 2011 to 2015, the president’s spokesperson announced on Twitter.
The center-left leader had held consultations all day Sunday to find a replacement for Guzman, who was tasked with renegotiating a $44 billion debt with the International Monetary Fund that Argentina insisted it could not afford to repay.
The original debt of $57 billion — the last tranche of which Fernandez declined after succeeding his liberal predecessor Mauricio Macri, who had solicited the loan — was the largest ever issued by the IMF.
Guzman was praised for having stopped Argentina, Latin America’s third-largest economy, from defaulting with the deal finalized in March.
But he was regularly challenged by the Peronist Justicialist Party, the major force in the Frente de Todos (Everyone’s Front) ruling coalition, embodied by the still-influential Cristina Kirchner, the country’s vice president and president from 2007 to 2015.
Batakis’ appointment appears to be a signal of growing power of Kirchner’s faction in the center-left coalition.
She was economy minister for Buenos Aires province, with a 15 million-strong population, under then-governor Daniel Scioli.
Scioli was vice president under president Nestor Kirchner, and close to his wife, Cristina Kirchner.
In addition to commitments to the IMF deal, which included provisions to contain inflation and reduce the budget deficit from three percent in 2021 to parity by 2025, Batakis will have to contend with chronic inflation.
Agricultural powerhouse Argentina has been in economic crisis for years, with inflation of more than 60 percent in the last 12 months.
International
UN warns Venezuela earthquakes could affect up to 6.76 million people
Up to 6.76 million people could be affected by the devastating earthquakes that struck Venezuela on June 24, according to an assessment released by the International Organization for Migration (IOM), a United Nations agency.
The organization said the projections are based on available population data and damage assessments, and include up to two million people living in Caracas, the country’s capital.
The estimates highlight the potentially massive humanitarian impact of the disaster, the IOM warned.
Entire buildings collapsed in La Guaira, a coastal area north of Caracas, following the powerful twin earthquakes that reached magnitudes of 7.2 and 7.5 on Wednesday.
The national death toll has risen to 920, while rescue teams continue searching for people trapped beneath the rubble in coastal regions and other affected areas.
UN humanitarian chief Tom Fletcher told AFP on Friday that more than 50,000 people were reported missing.
The IOM also revealed that it worked with Microsoft’s artificial intelligence laboratory on an initial satellite mapping analysis, which showed that 31.5% of buildings in the town of Catia La Mar had suffered damage.
Authorities and international rescue teams continue operations as Venezuela faces one of its largest humanitarian emergencies in recent years.
International
United Nations Coordinates Relief Efforts as Venezuela Death Toll Rises After Twin Quakes
United Nations Secretary-General António Guterres on Thursday expressed his condolences to the people of Venezuela following the two devastating earthquakes that struck the country and highlighted the ongoing coordination between UN humanitarian teams and interim President Delcy Rodríguez.
Speaking during the UN’s daily press briefing, spokesperson Stéphane Dujarric said Guterres was deeply saddened by the loss of life and widespread destruction caused by the disaster.
“The Secretary-General is deeply distressed by the loss of life and the widespread devastation caused by the earthquakes that struck Venezuela yesterday. He extends his heartfelt condolences to the families of the victims and wishes a speedy recovery to those injured,” Dujarric stated.
Venezuela was struck on Wednesday by two powerful earthquakes measuring 7.2 and 7.5 in magnitude. According to official figures, the disaster has left at least 164 people dead and 971 others injured.
Dujarric noted that preliminary reports indicate significant damage across several states, including the capital, Caracas. Numerous casualties have been reported, while other individuals remain trapped beneath collapsed structures or are still missing.
“Critical infrastructure has been damaged and essential services have been disrupted,” the spokesperson said.
The United Nations confirmed that its humanitarian team remains in close contact with interim President Delcy Rodríguez and other relevant authorities as emergency operations continue.
To support relief efforts, the UN has established a coordination center in Caracas and is assisting local authorities to ensure that humanitarian aid reaches affected communities as quickly and efficiently as possible.
Guterres also welcomed the expressions of solidarity and offers of assistance from countries around the world that responded following news of the disaster, underscoring the importance of international cooperation in addressing the humanitarian emergency.
International
OAS Secretary General Pledges Regional Assistance Following Venezuela Quake Disaster
The Secretary General of the Organization of American States (OAS), Albert Ramdin, said on Thursday that the “hemispheric community” stands ready to provide “full support” to Venezuela and its people following the powerful earthquakes that struck the country overnight, leaving at least 164 people dead and nearly 1,000 injured.
Speaking at the conclusion of the OAS General Assembly, Ramdin expressed solidarity not only with Venezuela but also with Colombia, Curaçao and Aruba, where the tremors were also felt.
“Above all, our thoughts are with these peoples,” he said during his remarks.
Ramdin noted that while many details about the disaster are still emerging, countries across the hemisphere are prepared to assist Venezuela as it responds to the crisis.
“Much remains unknown at this stage, but the hemispheric community will be ready to support the people of Venezuela during this very difficult time,” he stated, reiterating the organization’s commitment to helping those affected.
According to updated information released by the Venezuelan government, the powerful earthquakes have been followed by at least 30 aftershocks. Authorities have also reported extensive structural damage, including numerous building collapses in La Guaira, the area considered hardest hit by the disaster.
Rescue efforts are currently focused on La Guaira, where emergency teams continue searching for survivors trapped beneath the rubble as officials assess the full extent of the damage.
-
International4 days agoCristiano Ronaldo Makes History as First Player to Score in Six World Cups
-
International5 days agoUNHCR Urges U.S. Deportation Agreements to Uphold Asylum Rights and International Law
-
Central America3 days agoEl Salvador and Chile Mark 150 Years of Relations With Expanded Bilateral Cooperation
-
International2 days agoOAS Secretary General Pledges Regional Assistance Following Venezuela Quake Disaster
-
International3 days agoWHO Expects Deadly Hantavirus Outbreak on Cruise Ship to End by July 2
-
International2 days agoUnited Nations Coordinates Relief Efforts as Venezuela Death Toll Rises After Twin Quakes
-
International5 days agoMbappé Ties Klose on All-Time World Cup Scoring List After Brace Against Iraq
-
International4 days agoU.S. Proposes Higher Citizenship Fees and Limits on Immigration Fee Waivers
-
International3 days agoBill Gates Says Jeffrey Epstein Made “Veiled” Threats Over Extramarital Affairs
-
Central America4 days agoCosta Rica Launches Largest Police Operation in History, Dismantles Major Drug Cartel
-
Central America5 days agoAncient Maya Ceremonial Site Reveals New Clues About Preclassic Ritual Practices
-
International16 minutes agoUN warns Venezuela earthquakes could affect up to 6.76 million people

























