Day: June 25, 2020

Chile’s lithium miners consume 65% of Atacama region’s water

Nearly 65% of the water in Chile’s Salar de Atamaca region is used to pump out brines from drilled wells. This has caused groundwater depletion and pollution, forcing local quinoa farmers and llama herders to migrate and abandon settlements. It has also contributed to environment degradation, landscape damage and soil contamination, warned a report from the United Nations Conference on Trade and Development.

Latin American will contract 9.4% and leaders ask IMF, IDB, World Bank for support

The International Monetary Fund has projected a 9.4% contraction of the GDP, worse than the 4.2% estimated in April. In a teleconference, the presidents of nine Latin American countries -including Chile- discussed with the senior executives of the IMF, the World Bank and the Inter-American Development Bank ways to handle the impact of the Covid-19 pandemic. The Latin American leaders asked for more solutions, including a “possible restructuring” of debt.