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LatinNews Daily - 30 August 2018

Main Briefing
Development: On 29 August Argentina’s President Mauricio Macri announced that his government has asked the International Monetary Fund (IMF) to give it a new advance of the US$50bn credit line it secured with the organisation to help restore market confidence in the Argentine economy.... Read More
Andean
Development: On 29 August the Bolivian police announced that two cocaleros (coca producers) had died during clashes between local residents and officials carrying out coca eradication efforts in La Asunta municipality, La Paz department.... Read More
Peru: Peru’s naitonal executive has sent down to the legislature its draft budget for fiscal year 2019 for PEN168.407bn (US$51.14bn), up 6.95% on the previous year.... Read More
Brazil
Development: On 29 August, four of Brazil’s thirteen presidential candidates in the 7 October general election took part in an event organised by the national agriculture confederation (CNA) in Brasília, during which they criticised protectionism and defended the importance of free trade for the expansion of the country’s agroindustry.... Read More
* Brazil’s President Michel Temer indicated in a radio interview that his government might consider restricting the arrival of Venezuelan migrants in the country, through the use of a ticketing system.... Read More
Central America & Caribbean
Development: On 29 August the United Nations Office of the High Commissioner for Human Rights (OHCHR) called on the United Nations Human Rights Council and “the broader international community” to take “concrete action” in response to the continued political crisis in Nicaragua.... Read More
Nicaragua: Nicaragua’s central bank (BCN) has released the latest statistics on inflows of remittances to the country which show that in July these reached US$124.4m, up 1.6% on the same month the previous year.... Read More
Mexico
Development: On 29 August, Ricardo Gallardo, the coordinator of Mexico’s leftist opposition Partido de la Revolución Democrática’s (PRD) party in the incoming new legislature, announced the breakup of the Por México al Frente opposition coalition that contested the 1 July general election.... Read More
* Mexico’s central bank (Banxico) has revised down its 2018 economic growth predictions for the domestic economy from 2%-3% to 2%-2.6%.... Read More
Southern Cone
Uruguay: Uruguay’s central bank (BCU) has intervened in the local currency market for the first time since June to stem the appreciation of the US dollar against the Uruguayan peso.... Read More

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