{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='PANAMA: LEADERS ARRIVE FOR 12TH RIO GROUP ANNUAL SUMMIT' data-url='/boclips/videos/5c54be1dd8eafeecae1392ec' data-video-url='/boclips/videos/5c54be1dd8eafeecae1392ec' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nPANAMA: LEADERS ARRIVE FOR 12TH RIO GROUP ANNUAL SUMMIT\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eSpanish/NatThe economic crises in Asia and Russia are casting a long shadow over a meeting of Latin American nations.Regional leaders have already begun gathering on the Panamanian isthmus for their 12th Rio Group annual summit, which...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eSpanish/Nat\u003cbr/\u003eThe economic crises in Asia and Russia are casting a long shadow over a meeting of Latin American nations.\u003cbr/\u003eRegional leaders have already begun gathering on the Panamanian isthmus for their 12th Rio Group annual summit, which begins on Saturday.\u003cbr/\u003eTalk of world market worries is expected to dominate the one-day session.\u003cbr/\u003eThis year's meeting of Latin American leaders comes at a crucial moment for their economies.\u003cbr/\u003eColombia this week became the first country in the region to devalue its currency, indicating that the crisis in emerging markets is spreading to Latin America.\u003cbr/\u003eBut with leaders cautious about doing anything which might further shake investor confidence, no new policy statements are expected.\u003cbr/\u003eA spokesman for the summit said the leaders would try to agree on a common statement about the economic crisis, which has caused stock markets and currencies to plummet across Latin America.\u003cbr/\u003eBut the economy wasn't the only issue under discussion.\u003cbr/\u003eSOUNDBITE: (Spanish)\u003cbr/\u003eThe issue of Bolivia's access to the sea. And I think this is the best scenario because Panama has always supported us, I repeat, always. And we Bolivians are very grateful to the Panamanians for this permanent, sincere and honest support.\u003cbr/\u003eSUPER CAPTION: Hugo Banzer, President of Bolivia\u003cbr/\u003ePeru's Alberto Fujimori was one of the early arrivers.\u003cbr/\u003eHe said Latin American states must act in \"an integral manner\" to make sure that each does what is can to stay financially healthy.\u003cbr/\u003eNations must curb inflation and promote growth while carefully managing their foreign debt, he said in a press conference late Thursday.\u003cbr/\u003ePresident Eduardo Frei of Chile and Ernesto Perez Balladares of Panama signed an agreement which will give Chilean businessmen the opportunity to invest in business adjacent to the Canal.\u003cbr/\u003eThe two presidents also signed a joint declaration to work towards a free trade agreement between their nations.\u003cbr/\u003eThis is the 12th summit of the Rio Group.\u003cbr/\u003eEight nations - Colombia, Mexico, Panama, Venezuela, Argentina, Brazil, Peru and Uruguay - founded the group in Rio de Janeiro in 1986. \u003cbr/\u003eBolivia, Chile, Ecuador, and Paraguay joined later.\u003cbr/\u003ePresident Fujimori of Peru and President Jamil Mahuad of Ecuador held a closed-door meeting.\u003cbr/\u003eThe two leaders were trying to jump-start peace talks and reach a settlement to their long-standing border dispute before the end of the year.\u003cbr/\u003eColombia's new leader, Andres Pastrana, was also trying to defuse a conflict -- Colombia's three-decades old war with leftist insurgents.\u003cbr/\u003eHe was engaged in talks with President Fidel Castro of Cuba who once financed Colombia's rebels and may still have the ability to influence them to give up their struggle.\u003cbr/\u003eSOUNDBITE: (Spanish)\u003cbr/\u003ePresident Castro and I have had a lengthy discussion which dealt with various issues. We did it with all of the presidents who are in a position to act as intermediaries. It's a long process, peace. First of all we need the cooperation of the international community and then we need cooperation in the economic sense of the word to consolidate the plan we wish to carry out.\u003cbr/\u003eQ: And patience as well...\u003cbr/\u003eA: That's the most important thing: a great deal of patience!\u003cbr/\u003eSUPER CAPTION: Andres Pastrana, President of Colombia\u003cbr/\u003eThe Peruvian and Ecuadorian presidents threw a press conference after their closed-door meeting.\u003cbr/\u003eAfter arriving on Thursday, Fujimori told reporters his goal was to \"to sign a global and definite (peace) agreement in Brazil sometime this year.\"\u003cbr/\u003eBut it was difficult to gauge from his guarded comments how much had been achieved in Friday's meeting.\u003cbr/\u003eThe second presidential meeting, a meeting which was direct and frank, and as always addressed issues in the most transparent way possible with the intention of achieving what all Peruvian and Ecuadorian citizens desire: peace.\u003cbr/\u003eSUPER CAPTION: Alberto Fujimori, Peruvian President\u003cbr/\u003eThe Peru-Ecuador conversations have thus far stolen the limelight at the summit of the Group of Rio.\u003cbr/\u003eBut talk of world market worried is expected to dominate Saturday's session.\u003cbr/\u003e Panama City, Panama - September 4 1998\u003cbr/\u003e1. Presidential Eduardo Frei of Chile arriving at Tocumen Airport\u003cbr/\u003e2. Frei greeting dignitaries\u003cbr/\u003e3. President Hugo Banzer of Bolivia arriving\u003cbr/\u003e4. SOUNDBITE: Hugo Banzer, President of Bolivia\u003cbr/\u003e5. President Alberto Fujimori arriving\u003cbr/\u003e6. Frei signing bi-lateral agreement with Ernesto Perez Balladares of Panama\u003cbr/\u003e7. Exterior Hotel Miramar where conference being held\u003cbr/\u003e8. Fujimori and President Jamil Mahuad of Ecuador meeting to discuss their border dispute\u003cbr/\u003e9. Pastrana at Miramar Hotel\u003cbr/\u003e10. SOUNDBITE: Andres Pastrana, President of Colombia\u003cbr/\u003e11. Fujimori and Mahuad news conference\u003cbr/\u003e12. SOUNDBITE: Alberto Fujimori, President of Peru\u003cbr/\u003e13. 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003efidel castro, panama, ecuador, business, economy, free trade, central america, peru, brazil, colombia, international trade, south america, chile\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv 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