LatinNews Daily - 17 September 2020

Main Briefing
On 16 September an ‘independent international fact-finding mission on Venezuela’ appointed by the United Nations Human Rights Council (HRC) released a report which excoriated Venezuela’s de facto government led by Nicolás Maduro for crimes against humanity.... Read More
Andean
* Venezuela’s finance minister and vice president Delcy Rodríguez has announced a “conditional offer” for holders of bonds issued by the government, the state-owned oil company Pdvsa, and the state-owned utility company Electricidad de Caracas, for a deal that would suspend statutes of limitation for repayments contained in the bond agreement.... Read More
Brazil
On 16 September, Brazil’s Vice President Hamilton Mourão said that European countries’ preoccupation with rising deforestation levels in the Brazilian Amazon was a protectionist strategy.... Read More
* The monetary policy committee (Copom) in Brazil’s central bank (BCB) has maintained the benchmark interest rate, the Selic, at a historically low 2%, interrupting a sequence of nine consecutive cuts.... Read More
Central America & Caribbean
On 16 September local opposition groups such as Unidad Nacional Azul y Blanco (Unab) and Alianza Cívica por la Justicia y la Democracia (ACJD) expressed concerns about a proposed legal reform announced by Nicaragua’s President Daniel Ortega which would allow life sentences in prison.... Read More
* El Salvador’s central bank (BCR) has released new figures which show remittances to El Salvador for the month of August totalled US$559.3m, up 18.7% on August 2019.... Read More
Mexico
On 16 September US President Donald Trump released an official memo in which he warned that Mexico remains at risk of being sanctioned by his administration for failing to meet its international commitment to control illegal drug trafficking.... Read More
* According to figures from Mexico’s tourism ministry (Sectur) foreign direct investment (FDI) in Mexico’s tourism sector was just US$350.8m in the first half of 2020, a significant drop on the US$507.7m registered in the same period in 2019.... Read More
Southern Cone
On 16 September, agro-industrial leaders spoke out against an announcement by Argentina’s central bank (BCRA) to further restrict access to US dollars in the domestic market.... Read More
* Brazil and Paraguay have signed an agreement to open logistics hubs near the countries’ three main border crossings, in an attempt to stimulate the economies of cities that have struggled since the border was closed in March due to the coronavirus (Covid-19) pandemic.... Read More

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