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LatinNews Daily - 11 September 2020

Main Briefing
On 10 September, Peru’s President Martín Vizcarra refused to resign following allegations of corruption made against him in the country’s congress and he condemned the move towards his impeachment as “a plot against democracy”.... Read More
Andean
* Colombia’s congressional economic commissions have approved the government’s proposal for a record Col$314trn (US$84.6bn) budget for 2021, in an effort to reactivate the country’s economy, hit hard by lockdown measures aimed at containing the coronavirus (Covid-19) pandemic.... Read More
Brazil
On 10 September, Brazil’s federal police (PF) served 25 search and seizure warrants as part of an investigation into possibly fraudulent foreign-exchange transactions carried out by the state-owned oil company Petrobras.   ... Read More
* Brazil’s national statistics institute (Ibge) has announced that retail trade grew by 5.2% in July compared with the previous month, as the sector continues to recover from a sharp drop in sales resulting from measures implemented to contain the coronavirus (Covid-19) pandemic since March.... Read More
Central America & Caribbean
On 10 September Guyana’s Home Affairs Ministry (interior) issued a statement urging protesters to undertake “peaceful protest action” and reminding the public it is “unlawful to erect roadblocks and to set fires on the road or to private property”.... Read More
* Costa Rica’s national statistics institute (Inec) has released new figures which show that the national unemployment rate stood at 24.4% in the the May-July 2020 rolling quarter – an increase of 12.9 percentage points on the same period in 2019.... Read More
Mexico
On 10 September Mexico’s President Andrés Manuel López Obrador expressed his regret at the death of a woman in clashes with the national guard in the north-eastern state of Chihuahua but praised its actions during water protests by farmers.... Read More
* International ratings agency Moody’s Investors Service has warned that tax collection across Mexican states will fall between 1%-14% this year as a result of job losses stemming from the economic impact of the coronavirus (Covid-19) pandemic (the latest official figures show unemployment was 5.4% in July).... Read More
Southern Cone
On 10 September Paraguay’s President Mario Abdo Benítez travelled to the country’s northern Concepción department to personally oversee the security forces’ efforts to rescue former vice president, Amancio Óscar Denis (2012-2013).... Read More
* Argentina’s country risk spread, measured by investment bank JP Morgan, has fallen by 1,064 basis points, from 2,147 to 1,083, following the country’s successful conclusion of major sovereign debt swaps, and an encouraging sale of local bonds.... Read More

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