Ortega says the Bank of ALBA will give loans to members without conditions to pay for development or social projects.
Iranian President Mahmoud Ahmadinejad’s Latin America trip, a whirlwind four-nation tour that began in Venezuela on Jan. 8, is now taking him to the inauguration of Nicaraguan President Daniel Ortega. The trip is his fifth visit to the region since 2007 and has prompted alarm in some corners of the United States that Iran is using the region as a staging ground to attack US interests.However, many who study Iran’s relationship with Latin America, in particular Venezuela, say fear of an Iranian threat in the Americas is overblown, at least at this point. Here are four reasons why:
Iranian President Mahmoud Ahmadinejad and Venezuelan President Hugo Chavez poked fun at the US for its worry about the possibility of Iranian nuclear weapons.
Taiwan courts continued recognition as an independent country from select Latin American nations, while Iranian president Mahmoud Ahmadinejad tries to bolster ties to regional allies.
Seven Monitor correspondents reflect on the world's hot spots. In this installment, Sara Miller Llana says Latin America has economically boomed this year as the US and Europe struggle.
Back in Panama to serve more prison time, ex-dictator Manuel Noriega might be surprised how little the regional neighborhood has changed, writes guest blogger Mike Allison.
The blocking of observers at Nicaragua election sites and a strange pattern of results at the unobserved sites raises serious questions about the victories of Daniel Ortega and his party.