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LatinNews Daily - 01 July 2020

Main Briefing
On 30 June a string of well-known activists and journalists denounced efforts by the Cuban government to prevent them from attending demonstrations called to protest against police violence and racism in the country.... Read More
Andean
On 30 June, the president of Venezuela’s electoral council (CNE), Indira Alfonzo, confirmed that the country’s legislative elections will be held in December, and outlined changes to the electoral process.... Read More
* Colombia’s central bank (Banrep) has reduced its benchmark interest rate by 25 basis points, from 2.75% to 2.5%, as part of its efforts to mitigate the economic impact of the coronavirus (Covid-19) pandemic.... Read More
Brazil
On 30 June, Carlos Decotelli tendered his resignation as Brazil’s education minister, leaving the government just five days after his appointment was announced, and before being formally sworn in.... Read More
* Brazil’s national statistics institute (Ibge) has released the latest employment figures, according to which the country’s unemployment rate rose to 12.9% in the March-May rolling quarter – up from 11.6% in the previous rolling quarter (December 2019-February 2020), and 0.6 percentage points higher than over the same period in 2019.... Read More
Central America & Caribbean
* Honduras’s central bank (BCH) has released new figures which show that the country’s GDP contracted by 1.5% in the first quarter of 2020 compared with the same quarter in 2019, and by 2.6% compared with the fourth quarter of 2019.... Read More
Mexico
On 30 June Mexico’s President Andrés Manuel López Obrador announced that the government will present legal complaints against some private electricity generation firms over the signing of suspected fraudulent provision contracts.... Read More
* Mexico’s chamber of deputies has ratified two bills and approved two legal reforms which were necessary to bring Mexican legislation in line with the terms of the US-Mexico-Canada Agreement (USMCA), a few hours before the new regional trade deal came into force on 1 July.... Read More
Southern Cone
On 30 June, the two largest groups representing holders of Argentine foreign bonds accused the government led by President Alberto Fernández of a “lack of serious engagement” in efforts to reach a deal in the restructuring of some US$66bn of sovereign debt.... Read More
* Chile’s national statistics institute (INE) has released figures which show that the unemployment rate from March to May was 11.2%, the highest level recorded since the historical series began in 2010, and an increase of four percentage points compared to the same period in 2019.... Read More

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