Colombia is in the midst of a mining boom, with high commodities prices and Chinese demand placing its nascent mining sector at the center of the country’s economic development model. The challenge for Colombian President Juan Manuel Santos is to capitalize on the sector’s promise, while avoiding some of the environmental and social challenges that have impacted other South American mining countries, such as Chile and Peru. These challenges are particularly salient for newcomers like Colombia, whose mining sector is slowly taking off. Excluding oil, mining now accounts for 30 percent of the country’s foreign investment and 24 percent of [...]
Argentine officials have been ratcheting up the pressure on Spanish-owned oil company YPF-Repsol, demanding increased investment in hydrocarbon production against a backdrop of declines in output that have made Argentina one of the fastest-growing import markets for natural gas. The threat of a similar scenario with oil has the government on the offensive against the nation’s top energy company. The gas shortage is reverberating throughout the rest of the economy, driving import restrictions to shore up the trade balance and tighter currency controls to ensure the availability of dollars for purchases of foreign gas. Looking forward, the government’s posture on [...]
An agreement setting the maritime boundaries between the Bahamas and Cuba took effect last month, capping a multi-year negotiating process. In an email interview, Martin Pratt, director of research at the International Boundaries Research Unit at Durham University, discussed the Cuba-Bahamas boundary agreement. WPR: What is the background of the maritime border dispute between Cuba and the Bahamas, and what impact has it had on bilateral relations? Martin Pratt: I think the term “dispute” is probably a bit strong in this context. The Bahamas and Cuba have overlapping maritime jurisdictional entitlements, which means that it has been necessary to agree [...]
