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LatinNews Regional Monitor: Brazil & Southern Cone - 17 May 2018

From LatinNews Daily
Development: On 16 May, the board of directors for the legislative assembly in Brazil's southern state of Minas Gerais (ALMG) launched impeachment proceedings against state governor Fernando Pimentel from the leftist Partido dos Trabalhadores (PT).... Read More
*The supreme court (STF) justice in charge of the ‘Operation Car Wash’ corruption investitaitons, Edson Fachin, has authorised an investigation into irregular transfers from holding company J&F Investimentos to members of Brazil's ruling Movimento Democrático Brasileiro (MDB) party.... Read More
Development: On 16 May, Argentina's President Mauricio Macri said the country's exchange rate crisis was over and assured Argentines he would negotiate an “intelligent agreement” with the International Monetary Fund (IMF) to reduce the fiscal deficit.... Read More
Uruguay: The central bank (BCU) has released a new report in which it estimates that the country’s GDP increased by 2% in the first quarter of the year.... Read More

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