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LatinNews Daily - 05 February 2021

Main Briefing
On 4 February, campaigns closed ahead of Ecuador’s 7 February general election...
Andean
* Coal mining company Prodeco, the Colombian subsidiary of Switzerland-based multinational Glencore, has announced the termination of operations in Colombia and said it will return its mining concessions to the government...
Brazil
On 4 February, Brazil’s President Jair Bolsonaro admitted that chloroquine, an anti-malarial drug which he and his government have consistently pushed as treatment for the coronavirus (Covid-19), “could be...a placebo”...
* Brazilian mining giant Vale has reached an agreement to pay R$37.69bn (US$7bn) in compensation to the state of Minas Gerais for the damage caused by the collapse two years ago of a tailings dam in Brumadinho, which killed over 270 people...
Central America & Caribbean
On 4 February El Salvador’s supreme court’s constitutional chamber (SC) has ordered finance minister, Alejandro Zelaya, to pay out money owed to the country’s 262 municipalities from the economic and social development of municipalities fund (Fodes)...
* Nicaragua’s leading private sector lobby, Cosep, has expressed concern regarding new reforms approved by the national assembly to consumer rights legislation...
Mexico
On 4 February relatives of disappeared persons staged a violent protest outside the main offices of Mexico’s interior ministry (Segob), accusing the authorities of reneging on their promises to help them find their loved ones...
* Roxana Muñoz, infrastructure analyst for international credit ratings agency Moody’s Investors Service, has described as “positive” the recent ruling by Mexico’s supreme court (SCJN) which found that aspects of the electricity market regulations published by the energy ministry (Sener) were unconstitutional...
Southern Cone
On 4 February the spokesperson for the International Monetary Fund (IMF), Gerry Rice, revealed that it was aiming to conclude debt restructuring negotiations with the Argentine government in May this year...
* The Organisation for Economic Co-operation and Development (OECD) has released its latest ‘Economic Survey of Chile’ report, in which it recommends that the South American country “focus on reducing inequality to strengthen social and economic recovery” from the crisis caused by both the coronavirus (Covid-19) pandemic and the social unrest of 2019...

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