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LatinNews Daily - 08 June 2018

Main Briefing
Development: On 7 June the Argentine government and the International Monetary Fund (IMF) announced that they had reached new Stand-By agreement under which the IMF will provide Argentina with a US$50bn credit line.... Read More
Andean
Development: On 7 June, the Consejo Gremial Nacional (CGN), Colombia’s largest economy-wide business association, declared its support for the presidential candidacy of Iván Duque of the right-wing Centro Democrático (CD) party.... Read More
Peru: Peru's President Martín Vizcarra has sworn-in Carlos Oliva as his new economy & finance minister, replacing David Tuesta, who stepped down earlier this week after just two months in the post amid the growing rejection of the government’s decision to increase the consumption tax (ISC) rate on some products to help shore up the public finances.... Read More
Brazil
Development: On 7 June, Brazil’s supreme electoral court (TSE) ordered Facebook to remove ‘fake news’ about presidential hopeful Marina Silva from environmental party Rede Sustentabilidade (Rede).... Read More
* Brazil has auctioned off concessions for three 'pre-salt' oil blocks for R$3.15bn (US$830m), which was roughly in line with government expectations.... Read More
Central America & Caribbean
Development: On 7 June, Guatemala’s attorney general, María Consuelo Porras Argueta, announced the launch of an investigation into the authorities’ response to the eruption of the Fuego volcano on 3 June which has left 109 dead on the latest figures from the national institute of forensic sciences (Inacif).... Read More
Nicaragua: US Secretary of State Mike Pompeo has announced the imposition of US visa restrictions on “individuals responsible for human rights abuses or undermining democracy in Nicaragua”.... Read More
Mexico
Development: On 7 June, Ricardo Anaya, the presidential candidate of the Por México al Frente Right-Left opposition coalition, accused Mexico's ruling Partido Revolucionario Institucional (PRI) of spreading false rumours against him.... Read More
* Mexico has filed a formal complaint before the World Trade Organisation (WTO), requesting the initiation of WTO dispute consultations against the US regarding the US imposition of steel and aluminium import tariffs.... Read More
Southern Cone
Uruguay: Uruguay’s economy & finance minister Danilo Astori has presented a legislative bill which would increase budget spending until 2020 by an additional Ur$4.7bn (US$150m).... Read More

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