Contributions from Carin Zissis
After months of debate, Mexico’s Congress overwhelmingly approved energy reform with the goal of ending a production slump. The reforms strengthen the authority of Pemex’s management, amongst other changes. But some analysts wonder if the new laws go far enough.
In a move that draws Beijing closer to Latin America, China joined the Inter-American Development Bank and agreed to support $350 million in development projects. The Asian giant's hunger for Latin American commodities has made it the region's second largest trading partner.
After months of political turmoil, supporters of President Evo Morales and opposition leaders reached compromises on several areas of a draft constitution, which the electorate will vote on in a January referendum.