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LatinNews Daily - 21 July 2020

Main Briefing
On 20 July, Colombia’s President Iván Duque opened the new session of congress, introducing his government’s legislative priorities for the coming year and addressing the ongoing challenge posed by the coronavirus (Covid-19) pandemic.... Read More
Andean
*Ecuador’s government has presented bondholders with a formal proposal to restructure the country’s external debt, to be voted on by 31 July.... Read More
Brazil
On 20 July, Brazil’s secretary of government, Luiz Eduardo Ramos, met with congressional party leaders to discuss possible changes to a constitutional amendment (PEC) which would make the Fundo de Manutenção e Desenvolvimento da Educação Básica (Fundeb) public education fund permanent.  ... Read More
* The New Development Bank (NDB) – the multilateral bank founded by the BRICS countries (Brazil, Russia, India, China and South Africa) in 2014 – has approved a US$1bn credit line to Brazil to support the government’s emergency basic income programme for its most vulnerable citizens during the coronavirus (Covid-19) pandemic.... Read More
Central America & Caribbean
On 20 July Guyana’s acting chief justice (CJ) Roxane George-Wiltshire ruled that the recount results from the 2 March general election, which gave a victory to the opposition People’s Progressive Party/Civic (PPP/C) and its presidential candidate Irfaan Ali, must be used for the declaration of final results.... Read More
* The Dominican Republic’s central bank (BCRD) has published the latest monthly economic activity index (IMAE) for May, which showed a 13.6% contraction year-on-year.... Read More
Mexico
On 20 July a group of relatives of victims of femicides in Mexico gathered outside the national palace in Mexico City to demand action by the federal government to address a sharp increase in intentional killings of women.... Read More
* The American Chamber of Commerce of Mexico (AmCham) has forecast that Mexico’s GDP will contract by up to 12% in 2020, due to the decline in economic activity caused by efforts to contain the coronavirus (Covid-19) pandemic, according to a statement cited by the local media.... Read More
Southern Cone
On 20 July, the Argentine government reaffirmed its position in negotiations to restructure some US$66bn of sovereign debt after three key creditor groups submitted a joint counteroffer.... Read More
* The constitutional committee in Chile’s senate has approved a constitutional amendment which would permit Chileans to make a withdrawal of up to 10% from their mandatory pensions fund.... Read More

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