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LatinNews Daily - 02 February 2021

Main Briefing
On 1 February, Colombian guerrilla group Ejército de Liberacion Nacional (ELN) denied allegations that it had provided funding for Ecuadorean presidential candidate Andrés Arauz’s campaign...
Andean
* Peru’s national statistics institute (Inei) has released the country’s inflation figures for January, according to which monthly inflation reached 0.74% (the highest monthly figure since March 2017), up from 0.05% in January 2020...
Brazil
On 1 February, federal deputy Arthur Lira, a member of Progressistas (PP), was elected as the new leader in Brazil’s 513-member chamber of deputies, while Rodrigo Pacheco from Democratas (DEM) was elected president of the 81-member senate...
* Brazil’s foreign trade secretariat (Secex) in the economy ministry has released the balance of trade figures for January, which show the country recorded a US$1.13bn trade deficit...
Central America & Caribbean
On 1 February, the local media cited complaints raised by Panama’s leading private sector lobby, Cámara de Comercio, Industrias y Agricultura de Panamá (CCIAP), regarding the government’s handling of the economy...
* Guatemala’s economy minister, Antonio Malouf, has said that actions aimed at attracting new investment are a “priority”, and that the government has the target of attracting US$1.2bn in foreign direct investment (FDI) in 2021...
Mexico
On 1 February Mexico’s President Andrés Manuel López Obrador sent to congress a bill for urgent consideration that would prioritise the supply of energy to the national grid from the state electricity firm over private renewable energy companies...
* The governor of Mexico’s central bank (Banxico), Alejandro Díaz de León, has warned that a controversial bill approved by the senate at the end of last year, requiring Banxico to buy excess US dollars in the Mexican financial system, would weaken its ability to manage the exchange rate...
Southern Cone
On 1 February Argentina’s state-owned oil firm, Yacimientos Petrolíferos Fiscales (YPF), presented a new debt restructuring offer to its creditors...
* Chile’s central bank (BCCh) has released the latest figures for the monthly index of economic activity (Imacec), according to which the Imacec contracted 0.4% year-on-year in December 2020...

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