LatinNews Daily - 26 September 2018

Development: On 25 September US President Donald Trump used his speech before the United Nations General Assembly (UNGA) to call on the international community to do more to help “restore democracy in Venezuela” and undermine the “repressive regime” led by President Nicolás Maduro... Read More

Venezuela: Venezuela’s opposition-controlled national assembly (AN) has approved a resolution saying that it will not recognise any agreements signed by the state-owned oil firm, Pdvsa, that had not been previously approved by the legislature.... Read More

Development: On 25 September, Brazil’s President Michel Temer gave the opening speech at the United Nations General Assembly’s (UNGA) general debate, in which he criticised isolationism, intolerance, and unilateralism.... Read More

* Samar Maziad, senior analyst on Latin America at international credit ratings agency Moody’s Investors Service, said that Brazil’s next president will have to continue with the current government’s package of economic reforms, or risk compromising growth and negatively affecting the country's credit rating.... Read More

Development: On 25 September Guatemala’s President Jimmy Morales reiterated his call for the United Nations (UN) to name a new commissioner of the UN-backed International Commission against Impunity in Guatemala (Cicig) to replace Iván Velásquez.... Read More

Costa Rica:  Rodrigo Cubero, the president of Costa Rica’s Central Bank (BCCR), and the finance minister, Rocío Aguilar, have announced that the BCCR will purchase C$498.8bn (US$862m) worth of treasury bonds, issued by the finance ministry.... Read More

Development: On 25 September, Mexico’s federal security forces took over control of public security in port city of Acapulco, Guerrero state, and relieved the local municipal police force of its duties amid accusations that it had been infiltrated by criminal organisations.... Read More

* Mexico’s future deputy finance minister, Gerardo Esquivel, has said that considering the current political and economic climate Mexico should perhaps rethink its focus on the US and look more towards its southern neighbours and Spain.... Read More

Development: On 25 September the president of Argentina’s central bank (BCRA), Luis Caputo, resigned for “personal reasons”.... Read More

Chile: Chile’s President Sebastián Piñera has presented his executive’s proposal for the state budget for 2019 for a total of US$73.4bn – up 3.2% on this year's budget.... Read More