LatinNews Daily - 04 July 2019

Panama’s new president, Laurentino Cortizo, held his first cabinet on 3 July.... Read More

On 3 July, the Inter-American Commission of Human Rights (IACHR) urged the Venezuelan state to investigate the “probable acts of torture” that naval officer Rafael Acosta Arévalo was subjected to before his death.... Read More

* The Inter-American Development Bank (IDB) has approved a US$300m loan to Ecuador, with a repayment period of 20 years, a six-year grace period, and an interest rate based on Libor.... Read More

On 3 July, Brazil’s Environment Minister Ricardo Salles met with the Norwegian and German ambassadors to Brazil, Nils Gunneng and Georg Witschel, to discuss the Amazon Fund, which supports projects that tackle deforestation.... Read More

* Brazil’s state-owned oil company Petrobras has begun the process to launch a tender offer to reduce its stake in Petrobras Distribuidora SA (BR), Brazil’s largest fuels distributor of which Petrobras is the majority owner.... Read More

* The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Cubametales, Cuba’s state-run oil import and export company.... Read More

On 3 July hundreds of officers of Mexico’s federal police (PF) staged a demonstration in Mexico City (CDMX) against the plans to transfer them to the newly created national guard (GN).... Read More

* Mexico’s Banco Nacional de Comercio Exterior (Bancomext), a state-owned bank and export credit agency, Mexico’s development bank Nacional Financiera (Nafin), and the association of Mexican banks (ABM) have announced the relaunch of a programme of business guarantees.... Read More

On 3 July, thousands of teachers took to the streets of Chile’s capital, Santiago, in the fifth week of their indefinite strike after failing to reach an agreement with the education ministry (Mineduc) over their demands.... Read More

* Uruguay’s national statistics institute (INE) has released new figures which show that year-on-year inflation in June 2019 was 7.36%, down from 8.11% in June 2018.... Read More