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LatinNews Daily - 02 July 2020
Main Briefing
On 1 July Uruguay’s foreign minister, Ernesto Talvi, announced his resignation.... Read More
Andean
On 1 July, Bolivia’s Movimiento al Socialismo (MAS) opposition party issued a statement accusing the interim government of seeking to exclude MAS presidential candidate, Luis Arce, from competing in the upcoming general election.... Read More
* Ecuador’s central bank (BCE) has reported that the country’s economy contracted by 2.4% year-on-year in the first quarter of 2020.... Read More
Brazil
On 1 July, Brazil’s federal chamber of deputies held two rounds of voting, in which it approved a constitutional amendment (PEC) for the postponement of the country’s municipal elections, previously due to be held in October this year.... Read More
* Brazil has recorded its highest trade surplus for the month of June since the historical series began in 1989, as a strong US dollar and the economic crisis caused by the coronavirus (Covid-19) pandemic have led to a particularly sharp fall in imports.... Read More
Central America & Caribbean
On 1 July Costa Rica’s health minister, Daniel Salas, announced that due to a surge in coronavirus (Covid-19) cases, restrictions would be re-imposed in the greater San José metropolitan area.... Read More
* El Salvador’s central bank (BCR) has announced that the country’s GDP grew by 0.8% year-on-year in the first quarter of 2020, attributing this growth to stability in the financial sector, as lockdown measures to counter the spread of coronavirus (Covid-19) caused contractions in most other sectors.... Read More
Mexico
On 1 July, healthcare workers staged a protest in front of the headquarters of Mexico’s social security institute (IMSS) in Mexico City, continuing to demand better working conditions amid the coronavirus (Covid-19) emergency.... Read More
* Mexico’s central bank (Banxico) has released new figures which show that remittance inflows to Mexico totalled US$15.5bn in the first five months of 2020.... Read More
Southern Cone
* International credit ratings agency Standard & Poor’s (S&P) has downgraded seven Argentine US dollar-denominated bonds to ‘D’ (default) due to missed interest payments, in the midst of rising tensions in the country’s debt-restructuring negotiations with foreign bondholders.... Read More
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- URUGUAY: Key figure leaves gov’t
- BOLIVIA: MAS denounces electoral exclusion efforts
- In brief: Q1 decline bodes poorly for Ecuador
- BRAZIL: Congress votes to postpone municipal elections
- In brief: Falling imports drive trade surplus in Brazil
- COSTA RICA: Gov’t forced to reintroduce restrictions
- In brief: El Salvador registers poor GDP growth in Q1
- MEXICO: Criticisms and concerns over Covid-19 persist
- In brief: Remittances to Mexico up in first five months of 2020
- In brief: S&P cuts seven further Argentine bonds to ‘default’