LatinNews Regional Monitor: Brazil & Southern Cone - 03 December 2018

Development: On 1 December, Brazil’s President-elect Jair Bolsonaro reaffirmed his criticism of environmental protection policies which he sees as being detrimental to the country’s agricultural industry and national sovereignty.... Read More

* Brazil’s national statistics institute (IBGE) has released third quarter economic growth, which show that seasonally-adjusted GDP grew 0.8% quarter-on-quarter in July-September 2018.... Read More

Development: On 1 December Argentina’s President Macri closed the G-20 summit of world leaders in Buenos Aires.... Read More

* Shinzo Abe has become the first Japanese prime minister to visit Paraguay.... Read More

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

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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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

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