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LatinNews Regional Monitor: Brazil & Southern Cone - 21 February 2020

From Latin American Weekly Report
The IMF mission said it had enjoyed “very productive meetings” with the Argentine authorities and acknowledged that they were addressing the difficult economic and social situation in the country while at the same time taking steps to resolve the debt situation (it notes the restricting of capital flows, imposing maturity extensions on certain debts, and financing the fiscal deficit with reserves from the central bank [BCRA]).... Read More
These latest ministerial musical chairs follow a number of changes in both the upper and lower echelons of government, as President Bolsonaro appears to be bowing to pressure from different groups around him and attempting to react to dissatisfaction with the government’s performance in certain areas, not least relating to the social agenda.... Read More
It is the first time in Uruguay’s history that as many as seven political parties have been represented in congress (see table below).... Read More
There were none of the violent incidents which have characterised many of the other protests that have taken place since social unrest began in Chile last October.... Read More
From LatinNews Daily
On 20 February, Brazil’s President Jair Bolsonaro signed off on a Garantia da Lei e da Ordem (GLO) decree at the request of Ceará state governor Camilo Santana, allowing for the deployment of the armed forces to reinforce public security in Ceará.... Read More
* The US dollar has reached a new high against the Brazilian real, closing the day at R$3.39/US$1 after having pushed R$3.40/US$1 during trading yesterday (20 February).... Read More
On 20 February the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, warned that the timeline for renegotiating Argentina’s external debt is tight.... Read More
*Chilean salmon producer, Camanchaca, has called for the Chilean authorities to intervene to help lift the ban on Chilean salmon imports imposed by the Russian government.... Read More

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