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LatinNews Daily - 17 July 2019

Main Briefing
On 16 July, the Uruguayan government announced that it had reached an agreement with Brazil’s state-owned oil firm Petrobras under which the firm will be allowed to cancel its concessions on natural gas distribution in the country in exchange for the termination of all the legal disputes between the firm and its local unions...
Andean
On 16 July, Peru’s former president Alejandro Toledo (2001-2006) was arrested in the US...
* The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, has declared that improving the situation in Venezuela is the most urgent issue in Latin America...
Brazil
On 16 July, Brazil’s supreme court (STF) reported that Chief Justice José Antonio Dias Toffoli had ordered the suspension of all criminal investigations based on taxpayers’ fiscal and banking information if prosecutors have not received prior judicial authorisation to use this material...
* Brazil’s Economy Minister Paulo Guedes has said that the government is almost ready to submit a tax reform proposal to congress...
Central America & Caribbean
On 16 July, the special prosecutor’s unit against corruption and impunity (Ufecic-MP) in Honduras called for the renewal of the agreement establishing the Organization of American States (OAS)-sponsored Mission to Support the Fight against Corruption and Impunity in Honduras (Maccih)...
* El Salvador’s trade deficit has grown by 8.9% during the first half of 2019, compared to the same period in 2018, according to a report released by the country’s central bank (BCR)...
Mexico
On 16 July, Mexico’s Foreign Minister Marcelo Ebrard announced that he would meet US Secretary of State Mike Pompeo on 21 July to discuss irregular migration...
* The general director of Mexico’s state-owned oil company Petróleos Mexicanos (Pemex), Octavio Romero, has unveiled a new business plan for 2019-2023 to address the company’s high tax burden, debt and low investment, focusing on low-cost and easy to access on-shore and shallow water fields...
Southern Cone
* Paraguay needs a more dynamic economy and increased political stability in order to improve its economic freedom, is the conclusion of a conference organised by the US think-tank Heritage Foundation with the support of Paraguay’s central bank (BCP)...

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