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LatinNews Regional Monitor: Brazil & Southern Cone - 18 June 2019

From LatinNews Daily
On 17 June, Gustavo Montezano, previously assistant secretary for privatisations and divestments in Brazil’s economy ministry, was appointed as the new head of the country’s national development bank (BNDES). ..
* Brazilian conglomerate Odebrecht has filed for bankruptcy protection, the company announced, citing “some debt maturity and judicial attacks which would bring significant losses to the company”...
On 17 June, Paraguay’s Justice Minister Julio Javier Ríos dismissed the national director of penitentiary establishments, Blas Martínez, and the director of the San Pedro de Ycuamandyyu prison in the San Pedro department, Wilfrido Quintana...
* Chile has issued its first sovereign 'green bond' for US$1.418bn, which expires in 2050. According to a finance ministry press release Chile has demonstrated its leadership in international finance and environmental concern by being the first country in the Latin American region to issue this type of bond. Finance Minister Felipe Larraín commented that “issuing our first green bond indicates our firm promise to advance actions for climate change”. Among other things, the press release also highlights the historically low interest rate of 3.53% and notes that over the next few weeks Chile plans to issue a new green bond in euros...

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