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LatinNews Daily - 03 May 2018

Main Briefing
Development: On 2 May hundreds of anti-riot police (PNN) officers blocked student protesters from reaching certain parts of Nicaragua’s capital, Managua.... Read More
Andean
Development: On 2 May Peru’s unicameral national congress gave its vote of confidence to the new ministerial cabinet appointed by President Martín Vizcarra and led by Prime Minister César Villanueva.... Read More
Venezuela: The Executive Board of the International Monetary Fund (IMF) has issued a declaration censuring the Venezuelan government for failing to provide official macroeconomic data.... Read More
Brazil
Development: On 2 May, Brazil’s federal congress agreed to free up R$1.5bn (US$424m) in loan guarantees to cover defaults from Mozambique and Venezuela.... Read More
*The number of new vehicles sold in Brazil increased by 21.3% in the first four months of 2018 to 762,849 units, up from 628,861 units during the same period last year, according to Brazil’s federation of automobile dealers (Fenabrave).... Read More
Central America & Caribbean
Central America... Read More
Mexico
Development: On 2 May Enrique Ochoa Reza, the president of Mexico’s ruling Partido Revolucionario Institucional (PRI), announced that he was stepping down, and would be replaced by René Juárez Cisneros.... Read More
* Mexico’s central bank (Banxico) has released new figures which show that remittances in the first quarter of 2018 reached US$7.035bn – higher than what was received in the same period last year, which totalled US$6.64bn.... Read More
Southern Cone
Development: On 2 May, Argentina's cabinet chief, Marcos Peña, said President Mauricio Macri would veto a bill that is being promoted by the opposition in the natioinal congress that seeks to stop increases in natural gas and electricity tariffs.... Read More
Uruguay: Uruguayan exports amounted to US$785m in April 2018, down 0.2% on the same month in 2017 according to figures from Uruguay’s official exports and investment promotion agency, Uruguay XXI.... Read More

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