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Economy & Business - November 2020

LEADER
Mexico’s energy regulatory commission (CRE) announced on 13 October that its board would centralise the issuing of permits...
ANDEAN COUNTRIES
The role of foreign companies in the industrialisation of Bolivia’s huge reserves of lithium – a key component in the manufacture of batteries for mobile phones and electric vehicles – has been an salient issue in the country for many years, and was a prominent topic of discussion once again in the lead-up to Bolivia’s 18 October general election, in which Luis Arce and the Movimiento al Socialismo (MAS) unexpectedly secured a comfortable victory in the first round of voting...
In September, Ecuador’s constitutional court (CC) approved a referendum initiative to prohibit medium and large-scale metallic mining in areas surrounding the five rivers in Cuenca canton that provide water to the country’s third largest city, also named Cuenca, in Azuay province...
Katherine Polk Failla, a judge in the US Southern District Court of New York, ruled in October on an ongoing case relating to bonds issued this year by Venezuela’s state-owned oil company Pdvsa, declaring that the bonds in question are “valid and enforceable”...
COLOMBIA | Ecopetrol profits recover...
BRAZIL & SOUTHERN CONE
Once more, Argentina is facing an acute crisis of confidence in the national currency...
With strong winds and intense sunlight, Chile could become a regional leader in the development of ‘green hydrogen’...
President Luis Alberto Lacalle Pou said on 22 October that Uruguay’s borders will remain closed for the Southern Hemisphere summer season (December to March), raising questions over how the embattled local tourism sector will cope...
The coronavirus (Covid-19) pandemic has brough uncertainty and economic recession to Brazil, but the country’s start-ups appear to be bucking the trend, looking positive and thriving...
PARAGUAY | Advancing key infrastructure project...
CENTRAL AMERICA & CARIBBEAN
According to Guyana’s Minister of Natural Resources Vickram Bharrat, the country’s Natural Resources Fund (NRF) will have nearly US$200m in cash by the end of 2020 having been created only in January this year...
Costa Rica was already facing mounting fiscal problems, and the coronavirus (Covid-19) pandemic has worsened the situation...
After worrying forecasts earlier in the year due to the impact of the coronavirus (Covid-19) pandemic, several indicators provide grounds for optimism regarding the Guatemalan economy...
Honduras has seen a significant rise in underemployment in the past decade and the phenomenon is a push factor for migration, according to a new study...
DOMINICAN REPUBLIC | First oil exploration contract...
MEXICO
Mexico’s federal congress has approved a legislative initiative tabled by the executive led by President Andrés Manuel López Obrador that eliminates 109 of the country’s 338 public trust funds and gives the federal government complete control over the cash held in these funds...
Mexico’s Finance Minister, Arturo Herrera, has criticised commercial banks that operate in the country for failing to increase the provision of credit to the population...
Primary fiscal surplus: On 30 September Mexico’s finance ministry (SHCP) published public finance and debt figures for the January-August period, which indicate a primary fiscal surplus of M$155.3bn (US$7.1bn)...

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