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LatinNews Daily - 28 July 2017

Main Briefing
Development: On 27 July, Venezuelan political opposition sources indicated that they would not accept the last-ditch dialogue offer made by President Nicolás Maduro unless he first suspended his constituent assembly process, elections for which are due on 30 July...
Andean
Colombia: The central bank (Banrep) has cut its benchmark interest rate by 25 basis points (bps) from 5.75% to 5.50%...
Brazil
Development: On 27 July, the Brazilian government led by President Michel Temer announced it would divert R$2.2bn (US$700m) earmarked for infrastructure investment to essential services according to Planning Minister Dyogo Oliveira...
* The federal police have arrested the former head of two major state-owned companies, Aldemir Bendine, as part of the long-running ‘Operation Car Wash’ anti-corruption investigation...
Central America & Caribbean
Development: On 27 July, Nicaragua’s Frente Sandinista de Liberación Nacional (FSLN) government led by President Daniel Ortega strongly condemned the decision by the US House of Representatives Committee on Foreign Affairs to unanimously pass a bill known as the ‘Nicaraguan Investment Conditionality (NICA) Act of 2017’...
Central America..
Mexico
Development: On 27 July, the head of the government commission in Mexico City’s legislative assembly (ALDF), Leonel Luna Estrada, confirmed that the mayor of the Mexico City (CDMX) municipality of Tláhuac, Rigoberto Salgado, has been summoned to appear before the ALDF on 2 August to face questions over the allegations that he has links to local criminal groups...
* Mexico’s state-owned oil firm, Pemex, has reported that it has posted net profits of M$121bn (US$6.7bn) in the first quarter...
Southern Cone
Development: On 27 July, two new opinion surveys were published showing that Cristina Fernández, Argentina’s former president (2007-2015), leads the race for a seat in the federal senate in the province of Buenos Aires ahead of October’s midterm federal legislative elections...
Chile: The economy, development & tourism ministry has released new figures which show that 3.3m foreign tourists visited Chile in the first half of 2017, up 17.9% on the same period in 2016...

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