LatinNews Regional Monitor: Brazil & Southern Cone - 14 June 2018

Development: On June 13 Brazilian financial daily Valor Econômico published a survey by Boa Vista SCPC showing that relatively few local businesses expect an economic boost from the Fifa World Cup that begins in Russia today (14 June).... Read More

*General Walter Braga Netto, the military commander in charge of the federal seucrity intervention that has been taking place in Brazil’s Rio de Janeiro state since February 2018, announced that the withdrawal of the military from these duties would begin in October, with the whole process to be finished by June 2019.... Read More

Development: On 13 June Uruguayan teachers’ unions staged marches in the capital, Montevideo, in protest at the government’s proposed state budget.... Read More

Argentina: The finance ministry has announced that it plans to use US$7.5bn of the US$50bn credit line it has obtained from the International Monetary Fund (IMF) as part of a new Stand-By Agreement to sell US dollars in the domestic currency market in order to stabilise the value of the peso.... Read More