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LatinNews Daily - 03 November 2020

Main Briefing
On 2 November, Peru’s congress voted to start impeachment proceedings against President Martín Vizcarra for ‘moral incapacity’, for the second time in less than two months.... Read More
Andean
* Colombia’s national statistics institute (Dane) has reported that the country’s unemployment rate totalled 15.8% in September, down from 16.8% in August, but up from 10.2% in September 2019.... Read More
Brazil
On 2 November, the president of Brazil’s chamber of deputies, Rodrigo Maia, criticised the government led by President Jair Bolsonaro for the lack of clarity regarding its economic agenda, as well as partisan disputes within the chamber, which are all delaying approval of the 2021 national budget.... Read More
* The International Monetary Fund (IMF) has released a report on growth in the G-20 countries as they battle the effects of the coronavirus (Covid-19) pandemic, in which it warns that “the crisis is not over, keep spending (wisely)”.... Read More
Central America & Caribbean
On 2 November the Costa Rican authorities announced the full reopening of the country’s borders to foreign visitors in a bid to mitigate the economic impact of the coronavirus (Covid-19) pandemic.... Read More
* The International Monetary Fund (IMF) has revised down its projection for economic growth in Honduras in 2020, and now anticipates that the country’s economy will contract by 7% this year, down from the 3.3% decline forecast in June.... Read More
Mexico
On 2 November, the governors of the ten Mexican states who make up the Alianza Federalista (AF) grouping published an open letter to President Andrés Manuel López Obrador, in which they demand that Mexico’s 32 states be guaranteed more resources in the 2021 budget.... Read More
* A new report by Mexico’s federal audit office (ASF) has concluded that the Comisión Federal de Electricidad (CFE), the state-owned electricity firm, is currently not profitable and unable to compete with other providers in the domestic electricity market.... Read More
Southern Cone
On 2 November Argentina’s economy ministry issued a statement announcing that the treasury will reduce its reliance on financial assistance from the central bank (BCRA) to fund government spending in the last two months of the year.... Read More
* Chile’s central bank (BCCh) has released the monthly index of economic activity (Imacec) for September, according to which economic activity dropped by 5.3% year-on-year.... Read More

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