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LatinNews Daily - 12 February 2021

Main Briefing
On 11 February, Brazil’s President Jair Bolsonaro appealed to the financial markets to “stop getting cross”, in reference to the market fluctuations which accompany the speculation over his government’s economic policy announcements...
Andean
On 11 February, the early presidential frontrunner ahead of Peru’s 11 April general election, George Forsyth of the centre-right Victoria Nacional (VN) party, confirmed that he would appeal against his exclusion from the contest...
* Bolivia’s President Luis Arce has announced the start of operations at the Ancotanga solar power plant in Oruro department, the largest such plant in the country with a capacity of 100 megawatts, reportedly equivalent to 7% of Bolivia’s electricity demand...
Brazil
* Brazil’s national statistics institute (Ibge) has released the latest figures for Brazil’s retail sector, according to which sales plunged by 6.1% in December 2020 compared with November...
Central America & Caribbean
On 11 February the secretary general of the Organization of American States (OAS), Luis Almagro, announced that the hemispheric body would send a special mission to El Salvador to evaluate the political situation ahead of legislative and municipal elections on 28 February...
* Cuba’s national arts and film industry institute (Icaic), a government body, has denied that the recently announced list of activities in which private enterprise is not allowed includes audio-visual and film production...
Mexico
On 11 February Canada’s Small Business, Export Promotion & International Trade Minister Mary Ng expressed Canada’s “growing concern” over the negative effect that the electricity reform proposed by Mexico’s President Andrés Manuel López Obrador would have on Mexico’s investment climate...
* Mexico’s central bank (Banxico) has reduced its benchmark interest rate by 25 basis points, from 4.25% to 4%...
Southern Cone
On 11 February Argentina’s federal chamber of deputies gave final approval to a bill that stipulates that the federal executive must obtain congressional approval for contracting any foreign currency denominated debt outside of that set in the budget, including financing from the International Monetary Fund (IMF)...
* Argentina’s national statistics institute (Indec) has released the latest figures for the consumer price index (IPC), which show that monthly inflation totalled 4% in January – the same monthly figure as in December 2020...

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