LatinNews Regional Monitor: Brazil & Southern Cone - 31 August 2018

Development: On 30 August, the sale of three regional subsidiaries of Brazil’s state-owned electricity company Eletrobras was concluded at a public auction in the city of São Paulo.... Read More

* Brazil’s central bank (BCB) has announced that it will intervene in the local currency market to contain the depreciation of the Real against the US dollar.... Read More

Development: On 30 August Uruguay’s economy & finance minister, Danilo Astori, called for calm and said that the economic and financial crisis that is currently affecting neighbouring Argentina will not be replicated in Uruguay.... Read More

Argentina: Argentina’s central bank (BCRA) has increased its benchmark interest rate from 45% to a record high 60% in a bid to stem capital flight from the country.... Read More

According to Luis Almagro, the general secretary of the Organization of American States (OAS), the stream of Venezuelans fleeing their country could turn out to be “the greatest exodus in the history of the Western Hemisphere”.... Read More

Brazil’s President Michel Temer signed a decree on 28 August authorising the deployment of the armed forces along the Venezuelan border in the northern state of Roraima.... Read More

It was not a good week for Argentina’s top two political protagonists.... Read More

Chile’s supreme court began hearings this week to consider a request for the dismissal of national prosecutor Jorge Abbott, formally accused of negligence by a group of 10 deputies from the left-wing opposition Frente Amplio (FA).... Read More

CHILE | Growth expanding.... Read More

Uruguay’s foreign minister Rodolfo Nin Novoa signed a memorandum of understanding in China last week incorporating his country into the ‘One Belt and One Road initiative’ (OBOR).... Read More