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Latin American Economy & Business - December 2018
Leader
Creating economic development and growth strategies to deal with migration and change in Central America
The current migration crisis in Central America is tied to missing economic reforms and strategies disconnected from the chronic problems in the region.... Read More
Regional Economy Review
Roberto Campos Neto, the treasury director for the Americas at Santander bank, will take over the reins at Brazil’s central bank once his appointment is confirmed by congress.... Read More
Joaquim Levy, the World Banks’s Chief Financial Officer, has been appointed to head the Brazilian state development bank, BNDES.... Read More
Faced by widespread opposition, the government of President Iván Duque has abandoned plans to widen the scope of value-added tax (VAT).... Read More
The IMF concluded its second review of the US$56.3bn stand-by agreement with Argentina on 26 November, paving the way for disbursement of a US$7.6bn tranche of the loan.... Read More
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Prospects for the successful passage of a tax reform proposal are much more encouraging than they were several weeks ago.... Read More
The economic crisis in Argentina has caused Spanish bank BBVA to trim back its forecasts for GDP growth in Uruguay in 2018 and 2019, although it argues that the smaller country is less exposed to the ups and downs in Argentina than it used to be.... Read More
Individual sanctions on some senior Venezuelan officials have been in place for several years, but there are indications that US President Donald Trump is considering extending these to certain Cuban officials, who the US government suspect of providing advice and support to the Venezuelan government.... Read More
Contrary to previous battles with above-target inflation, the current policy dilemma facing the Jamaican authorities is how to prevent inflation from falling back below the 4%-6% target band, which prompted a Consultation Clause with the IMF as part of the government’s borrowing agreement earlier this year.... Read More
As this issue went to press the leaders of the United States, Mexico, and Canada were due to sign the new USMCA treaty, replacing the North American Free Trade Agreement, on 30 November at the G20 summit in Buenos Aires.... Read More
Regional Business Review
Roberto Castello Branco, the new CEO of Brazil’s oil giant Petrobras, is the third University of Chicago-trained economist to join the new government.... Read More
Brazil’s meat exporters are eyeing President-elect Jair Bolsonaro’s plans to relocate the South American country’s embassy in Israel from Tel Aviv to Jerusalem with unease.... Read More
Incoming President Andrés Manuel López Obrador (AMLO) is giving Mexico a taste of his own particular brand of participatory democracy – a series of ‘consultations’ on a wide range of projects and proposals.... Read More
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- Creating economic development and growth strategies to deal with migration and change in Central America
- Brazil: Campos Neto takes over at Brazil’s central bank
- Brazil: World Bank’s Levy Returns to Run BNDES
- Colombia: U-turn on VAT leaves a hole in the budget
- Argentina: The hard slog
- Economic Highlights
- Costa Rica: Brighter prospects for tax reform
- Uruguay: Lower growth predicted
- Cuba-Venezuela: Trump considers sanctions on Cuban officials
- Jamaica: The inflation conundrum
- Mexico: Trade issues still cloudy as USMCA launches
- Brazil: Investors Welcome New Petrobras CEO
- Brazil: Brazil’s exporters fret over Jerusalem embassy move
- Mexico: Public consultations rattle the markets