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LatinNews Regional Monitor: Andean Group - 25 March 2019

From LatinNews Daily
On 22 March, the presidents of Chile, Colombia, Brazil, Peru, Ecuador, Argentina, and Paraguay, along with a representative from Guyana, launched the new regional bloc: the Foro para el Progreso y Desarrollo de América Latina (Prosur)...
On 23 March, Ecuador staged local and municipal elections, as well as a contest to designate new members of the powerful state body Consejo de Participación Ciudadana y Control Social (CPCCS)...
* The US has sanctioned the Venezuelan Economic and Social Development Bank (Bandes) and five of its subsidiaries (Banco Bandes Uruguay, Banco de Venezuela, Banco Universal, Banco Bicentenario del Pueblo, and Banco Prodem)...
From Latin American Economy & Business
Venezuela has just suffered one Latin America’s longest power cuts...
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...
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On 11 March, the International Monetary Fund (IMF) confirmed that it had approved a US$4.2bn credit package for Ecuador...
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...

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