LatinNews Daily - 21 June 2018

Development: On 20 June the index provider MSCI upgraded Argentina from the status of frontier market to emerging market.... Read More

Development: On 20 June Venezuela’s main opposition coalition, Mesa de la Unidad Democrática (MUD), declared that it does not recognise the election of Diosdado Cabello as the new president of the national constituent assembly (ANC).... Read More

Colombia: The European Union (EU) and Spain have signed a new agreement with the Colombian government under which they have agreed to help finance an economic development plan for Colombia’s southern Nariño department.... Read More

Development: On 19 June the monetary policy committee of Brazil’s central bank (BCB) held the Selic, its benchmark interest rate, at its record low of 6.5%.... Read More

*Brazil’s labour ministry has reported that 33,659 new formal jobs were created in the country in May.... Read More

Development: On 20 June the Nicaraguan government led by President Daniel Ortega formally invited representatives from the Inter-American Commission on Human Rights (IACHR), the United Nations (UN), and the European Union (EU) to investigate the violence that has erupted in the country since April, and which has led to the deaths of hundreds of people in anti-government protests.... Read More

Costa Rica: President Carlos Alvarado and Finance Minister Rocío Aguilar announced the launch of a new 10-point action plan aimed at tackling tax evasion and helping address Costa Rica’s fiscal deficit.... Read More

Development: On 20 June the authorities in Mexico’s western state of Michoacán reported that Omar Gómez Lucatero, an independent mayoral candidate running in the 1 July general election, was shot dead by unidentified gunmen.... Read More

*The Mexican confederation of industrial chambers (Concamin) and the national freight chamber (Canacar) have released a new the report entitled ‘Strategic agenda on the impact of insecurity in the freight area’, which highlights the effects that public insecurity is having on the freight sector and the national economy and proposes measures to address the problem.... Read More

Uruguay: The central bank (BCU) has decided to intervene in the local currency market.... Read More