LatinNews Regional Monitor: Brazil & Southern Cone - 15 May 2018

Development: On 14 May, Brazil's state-run oil company Petrobras confirmed it had filed an injunction against eight Brazilian banks who are accused of market manipulation.... Read More

*Assuming that Brazil's jailed former president Lula da Silva (2003-2011) cannot run, ultra-right deputy Jair Bolsonaro from the Partido Social Liberal (PSL) is the frontrunner in this year’s general election according to the latest poll by CNT/MDA.... Read More

Development: On 14 May Argentina’s treasury minister, Nicolás Dujovne, told assembled news agencies in the country’s seat of government Casa Rosada that he was hopeful a Stand-By Arrangement (SBA) could be agreed with the International Monetary Fund (IMF) more swiftly than the standard timeframe of six weeks.... Read More

Uruguay: The president of Uruguay’s central bank (BCU), Mario Bergara, has said that the BCU is unconcerned by the sharp depreciation of the Uruguayan peso against the US dollar in recent days, and argued that this is not yet producing significant inflationary pressures in Uruguay.... Read More