LatinNews Regional Monitor: Brazil & Southern Cone - 23 March 2020

On 22 March, Brazil’s President Jair Bolsonaro criticised the measures taken by state governors across the country to contain the spread of coronavirus (Covid-19), calling them “exterminators of jobs” during an interview with national television channel TV Record.... Read More

* Brazil’s economy ministry has released updated projections for GDP growth, slashing its projections from 2.1% to just 0.02% for 2020, as a global recession resulting from the coronavirus (Covid-19) pandemic now appears inevitable.... Read More

On 20 March Argentina’s President Alberto Fernández called for an “end to the angst over the debt” and for Argentina’s creditors to reach debt restructuring agreements with his government.... Read More

* Uruguay’s secretary of the presidency Alvaro Delgado has announced that the economy & finance ministry (MEF) will transfer Ur$1bn (US$22m) to the social development ministry (Mides) to help the most vulnerable to the coronavirus (Covid-19).... Read More

The headlines for the Chilean economy are all pretty bad.... Read More

Luis Alberto Lacalle Pou took office as Uruguay’s new centre-right president on 1 March, with Azucena Arbeleche taking over as the country’s new economy & finance minister.... Read More

Brazil’s state-owned oil and gas giant Petrobras announced record profits for 2019, enhanced by various asset sales.... Read More

“Stop suffering!” Brazilians of all religious denominations are familiar with part of this sermon, the slogan of the most powerful and well-known evangelical pastor in the country, Edir Macedo, who is also the owner of a national TV station.... Read More

The number of mergers and acquisitions (M&A) in the Latin American energy sector dipped a little in 2019, but the overall value of transactions surged upwards, according to research company Transactional Track Record (TTR).... Read More