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LatinNews Daily - 21 October 2020

Main Briefing
On 20 October, ultra-nationalist party Unión por el Perú (UPP) presented a new impeachment motion against Peru’s President Martín Vizcarra in congress, following a wave of corruption allegations against the president...
Andean
*Luis Arce, set to be named the victor of Bolivia’s 18 October presidential election, has outlined his immediate economic priorities upon taking office in November...
Brazil
On 20 October the US government offered to finance Brazil’s purchase of ‘5G’ mobile technology, in an attempt to prevent the Chinese telecommunications firm, Huawei, from gaining a foothold in Brazil...
*Brazil’s state-owned oil firm, Petrobras, has reported that it produced an average of 2.88m barrels of oil and natural gas equivalent per day (Boepd) in the first nine months of the year...
Central America & Caribbean
On 20 October Panama’s economy & finance minister, Héctor Alexander, presented a legislative bill which would modify the 2008 social and fiscal responsibility law (LRSF)...
* Costa Rica’s congressional finance committee has voted against the 2021 national budget proposal, presented by the centre-left Partido Acción Ciudadana (PAC) government led by President Carlos Alvarado, which proposed spending of ¢6.59trn (US$10.9bn)...
Mexico
On 20 October Mexico’s finance minister, Arturo Herrera, appealed to scientists, artists, and intellectuals to remain calm about the proposed closure of 109 public trust funds that support science and technology, culture, and sport in the country. ..
* International credit ratings agency Fitch Ratings expects financial pressure on Mexican insurers and surety companies to persist this year...
Southern Cone
On 20 October Paraguay’s interior minister, Euclides Acevedo, said that the authorities are still trying to identify all those behind the seized major consignment of cocaine destined for Israel...
* Argentina’s economy ministry has released new figures which show that the country’s primary deficit totalled Ar$167.2bn (US$2.15bn) in September, up from Ar$89.5bn in August...

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