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LatinNews Daily - 13 February 2020

Main Briefing
On 12 February Argentina’s economy minister, Martín Guzmán, said that the country’s dire economic situation means that a “profound” restructuring of the public debt is necessary that will likely “frustrate” Argentina’s foreign creditors...
Andean
On 12 February, Ecuador’s President Lenín Moreno met with US President Donald Trump at the White House, where discussions centred on a potential trade agreement between the two countries...
* The Organization of the Petroleum Exporting Countries (Opec) has announced that oil production in Venezuela fell to 882,000 barrels per day (bpd) in January, down from 907,000 bdp in December 2019...
Brazil
On 12 February, Brazilian media reported that President Jair Bolsonaro had invited General Walter Souza Braga Netto to replace Onyx Lorenzoni as his chief-of-staff in government...
* Brazil’s national statistics institute (Ibge) has released the latest figures for retail trade, which show a slight dip in retail in December 2019...
Central America & Caribbean
On 12 February El Salvador’s attorney general’s office (AG) announced investigations into the recent deployment of the military and police to the national congress, adding that legal action would be taken against those deemed responsible...
* Costa Rica’s agriculture & livestock minister Renato Alvarado has announced the first container of 24,000kg of pork will leave tomorrow (14 February) for mainland China...
Mexico
On 12 February Emilio Lozoya Austin, a former CEO of Mexico’s state-owned oil firm Pemex (2012-2016) wanted for corruption, was arrested in Spain...
* The head of Mexico's tourism ministry (Sectur), Miguel Torruco Marqués, has estimated that tourism will generate US$26.7bn in revenue this year, up 8.7% on 2019...
Southern Cone
* Brazilian economic consultancy firm, Itaú Macro, has predicted Paraguay’s economy will grow 3.5% in 2020 and that its fiscal deficit will close the year at 2.2% of GDP, which is above the 1.5% limit established by the country’s fiscal responsibility law (LRF)...

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