LatinNews Daily - 17 May 2018

Development: On 16 May Margarita Zavala, an independent presidential candidate in Mexico’s 1 July general election, announced that she was withdrawing her candidacy.... Read More

Development: On 16 May Bolivia's President Evo Morales met representatives from Chuquisaca department.... Read More

Ecuador: Ecuador's President Lenín Moreno has sworn-in new cabinet members.... Read More

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 a national dialogue began between the Frente Sandinista de Liberación Nacional (FSLN) government led by Nicaragua's President Daniel Ortega and the opposition and civil-society groups.... Read More

Central America... Read More

*Mexican energy firm Hokchi Energy, a subsidiary of Argentina’s Pan American Energy, has announced that Mexico’s national hydrocarbons commission (CHN), the energy sector regulator, has approved its US$2.5bn development plan to exploit the ‘Hokchi’ oil field located in the Gulf of Mexico.... 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