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Latin American Economy & Business - March 2019

Leader
Venezuela has just suffered one Latin America’s longest power cuts...
Regional Economy Review
The Venezuelan healthcare system has collapsed in recent years as a severe economic crisis has struck a nation that was previously one of the wealthiest in the region...
If there is a race on in Latin America to halt or even reverse carbon emissions, Costa Rica wants to be the first across the line...
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On 3 December 2018, Costa Rican President Carlos Alvarado’s pivotal tax reform was approved by congress after months of union strikes, protests, and violent confrontation...
Brazil’s Economy Minister Paulo Guedes has warned that a watered-down version of the government’s much-vaunted pension reform would present a threat to future generations...
A decision by the European Union (EU) on 12 March to add ten jurisdictions to its blacklist of territories using widespread tax avoidance schemes has been widely criticised in the Caribbean...
The peso is still under pressure, interest rates are sky-high, and inflation is heading in the wrong direction...
On 11 March, the International Monetary Fund (IMF) confirmed that it had approved a US$4.2bn credit package for Ecuador...
Regional Business Review
The purchase of 200 electric buses for the public transport network in Santiago de Chile is part of a wave of trade and investment deals between the two nations...
A two-day conference held in late February aimed at securing investment commitments from foreign firms has exceeded expectations, according to Colombia’s investment agency, ProColombia...
Any uncertainty over whether the controversial construction of a new oil refinery would go ahead appears to have been laid to rest in mid-March, with the release of bidding documents ahead of a planned auction for stakes in the project...

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