Economy & Business - June 2020

The coronavirus (Covid-19) pandemic, and resultant quarantine measures and travel bans, has hit Latin America’s airlines particularly hard.... Read More

On 16 May, Ecuador’s national assembly passed the ‘public finances law’, the second of two ‘emergency laws’ sent by the Lenín Moreno executive to address the country’s precarious economic situation.... Read More

It is no secret that Venezuela’s economy, and by association the country as a whole, is heavily is dependent on oil.... Read More

Interim president Jeanine Áñez’s sudden move to permit trials with five genetically modified seed varieties has stirred passionate debates over food sovereignty and the environment in Bolivia.... Read More

COLOMBIA | Public transport at risk.... Read More

The coronavirus (Covid-19) pandemic has hit the global economy, slashing demand and driving down commodity prices.... Read More

After missing an overdue interest payment of US$503m on foreign debt on 22 May, Argentina formally fell into its ninth default.... Read More

BRAZIL| First international bond issuance of 2020.... Read More

The coronavirus (Covid-19) pandemic has elicited a range of responses among Central American nations but increased fiscal pressures due to the health emergency is one thing that many have in common.... Read More

Moves to reopen the Caribbean to tourism are gathering pace.... Read More

REGION | Icefi warns of drop in tax take.... Read More

Mexico’s state-owned electricity company, Comisión Federal de Electricidad (CFE), on 10 June, published a new set of fees for transporting and distributing the electricity produced by renewable energy generators.... Read More

Mexico’s air travel industry accounts for around 3.05% of the country’s GDP.... Read More

After remaining closed for about two months due to the coronavirus (Covid-19) pandemic, Mexico’s car and auto parts manufacturers restarted operations in the last week of May.... Read More

Mexico’s social security institute (IMSS) reported on 12 May that 555,247 formal jobs were lost in April due to the impact that the coronavirus (Covid-19) pandemic is having on Mexico’s economy.... Read More

Interest rate cut: On 14 May the governing committee of Mexico’s central bank (Banxico) decided to cut the benchmark interest rate by 50 basis points to 5.5%, in a further effort to address the economic fallout of the coronavirus (Covid-19) pandemic.... Read More