economy
In Maputo, the “Garden for Sculptors” behind the Museu Nacional de Arte on Avenida Ho Chi Minh has become a kind of prison yard for Mozambique’s various Ozymandiases, a semi-public dumping ground where colonial monuments now crumble quietly away. A marble European baroness reclines in thick robes, the grasses growing up around her base.
As cyber-currency magnates promote bitcoins festooned with hypnotic barcodes, spare a thought for the officially non-existent nation of Somaliland. Its 3.8 million inhabitants insisted that something more inspirational adorn their country’s equally tenuous global tender and bankroll its quest for global recognition. So they went with goats, sheep and the often petulant dromedary camel.
I was born in Brazil and lived there until I was 13 years old. If you have never been to Brazil during World Cup time, it will be hard for you to envision what it’s like. The collective mind of a nation stops dead on its track, and 200 million fans (we say the national squad has 200 million coaches) put on their yellow jerseys and pray our squad will bring us glory.
Sitting on some of the world's largest untapped oil and natural gas reserves, the region is experiencing a surge in investment and construction. Five-star hotels are dotting the skyline and luxury condo complexes with names like "American village" are opening on the outskirts of the city.
Reforms to Mexico's energy sector were signed into law late last year. The legislation proceeded rapidly from President Enrique Peña Nieto's announcement of the reforms in August, to the negotiations among the major political parties during the fall, to voting in both houses of Congress, resulting in a majority of the 31 state legislatures changing the Constitution. For the first time in 75 years private participation will be permitted in Mexico's energy sector, not only in oil and gas, but also in electricity and power generation.
In 2013, Indonesia hosted the Asia Pacific Economic Cooperation (APEC) leadership meeting. Established in 1989, APEC has 21 member states that are committed to promoting trade and economic cooperation in the region. The summit was overshadowed by the absence of President Obama, who canceled his trip to manage the partial U.S. government shutdown.
President Barack Obama brimmed with optimism after he met with Colombian President Juan Manuel Santos in the White House last December. Obama lauded Colombia’s “tremendous progress” over the past decade and praised Santos for his peace talks with the Revolutionary Armed Forces of Colombia (FARC). He commended Santos’ efforts on human and labor rights, and hailed the “success” of the U.S.-Colombia Free Trade Agreement.
Britain is to spend £1.8bn on the economic development of poor countries next year, more than double the amount spent in 2012-13, the international development secretary announced as part of a "radical shift" in policy that focuses on making it easier to do business in these states.