LatinNews Regional Monitor: Brazil & Southern Cone - 20 April 2020

On 19 April, 20 of Brazil’s 27 state governors signed a letter calling for dialogue and unity to tackle the coronavirus (Covid-19) pandemic, and expressing their support for the president of the chamber of deputies Rodrigo Maia, and of the senate Davi Alcolumbre.... Read More

* International credit ratings agency Moody’s Investors Service has downgraded its outlook on Brazil’s banking system to 'negative' from 'stable', as the shocks from the coronavirus (Covid-19) pandemic erode asset profitability and quality.... Read More

On 19 April the Argentina Creditor Committee (ACC), a grouping that comprises holders of Argentine bonds issued under foreign law, issued a statement in which it rejected the debt restructuring proposal made by the government led by President Alberto Fernández.... Read More

* Paraguay’s Finance Minister Benigno López has said that the government’s social aid programmes, implemented and expanded to mitigate the economic impact of the measures taken to contain the coronavirus (Covid-19) pandemic, have reached 1.6m people in the country.... Read More