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Latin American Economy & Business - December 2018

Leader
The current migration crisis in Central America is tied to missing economic reforms and strategies disconnected from the chronic problems in the region...
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...
Joaquim Levy, the World Banks’s Chief Financial Officer, has been appointed to head the Brazilian state development bank, BNDES...
Faced by widespread opposition, the government of President Iván Duque has abandoned plans to widen the scope of value-added tax (VAT)...
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...
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Prospects for the successful passage of a tax reform proposal are much more encouraging than they were several weeks ago...
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...
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...
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...
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...
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...
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...
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...

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