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Brazil & Southern Cone - December 2019

Introduction
As this issue went to press, Alberto Fernández had just been sworn in as Argentina’s next president, marking the country’s return to Peronism after four years of centre-right rule under now-former-president Mauricio Macri (2015-2019)...
Argentina
As this issue went to press Alberto Fernández had just been sworn in as Argentina’s new president...
Brazil
After an ambitious programme of pro-market reforms was announced in early November, government officials have indicated that they will start the process with changes to Brazil’s hyper-complex tax system...
International watchdogs have warned about possible setbacks to anti-corruption efforts in Brazil, following a series of decisions taken by the judiciary, the executive and the legislature which are weakening existing institutional frameworks...
Chile
As anti-government demonstrations have continued, so short term prospects for the Chilean economy have worsened...
A number of human rights groups and international institutions have denounced human rights violations committed by Chile’s security forces since protests began shaking the country in mid-October...
Paraguay
Paraguay’s economy has been flat in 2019...
Uruguay
Uruguay held the second round of its presidential election on 24 November...
Highlights
Paraguay’s budget goes back and forth: On 3 December, Paraguay’s 80-member chamber of deputies ratified a new version of the 2020 budget which had to be sent back to the senate, as both chambers in the legislature have so far failed to approve the same version of the draft budget amid popular demands for increased spending...

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