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LatinNews Daily - 18 February 2021

Main Briefing
On 17 February Ecuador’s largest indigenous movement began a protest march to insist upon a recount after its presidential candidate, Yaku Pérez, narrowly missed out on second place and a berth in a run-off on 11 April against Andrés Arauz, the left-wing economist endorsed by former president Rafael Correa (2007-2017).... Read More
Andean
* Bolivia’s central bank (BCB) has announced it will return a US$346.7m loan plus interest to the International Monetary Fund (IMF) which was agreed under the previous interim government led by Jeanine Añez (2019-2020).... Read More
Brazil
On 17 February, Brazil’s supreme court (STF) unanimously voted in favour of upholding the arrest of federal deputy Daniel Silveira, who was detained the previous day following a preliminary order issued by STF Justice Alexandre de Moraes.... Read More
* Brazil’s four largest commercial banks – Bradesco, Itaú Unibanco, Banco do Brasil, and Santander – have seen their combined profits drop by 24.4% in 2020, or 26.67% when adjusted for inflation, according to a study by Economatica, an investment platform.... Read More
Central America & Caribbean
On 17 February four of Nicaragua’s leading opposition figures, Juan Sebastián Chamorro, Medardo Mairena, Félix Maradiaga, and Miguel Mora, signed a six-point agreement committing to an electoral alliance which would put forward one presidential candidate in the 7 November general election.... Read More
* Honduras’s central bank (BCH) has released new figures which show the country’s GDP contracted 8.5% in 2020 as a result of the coronavirus (Covid-19) pandemic and hurricanes ‘Eta’ and ‘Iota’ which made landfall in November 2020.... Read More
Mexico
On 17 February Mexico’s President Andrés Manuel López Obrador rejected accusations that his government is using the national vaccination campaign against the coronavirus (Covid-19) to garner electoral support for the ruling Movimiento Regeneración Nacional (Morena) party ahead of the June midterm elections.... Read More
* Mexico’s state-owned oil company, Petróleos Mexicanos (Pemex), has published 2020 production figures, which put total fuel production at 1.705m barrels per day (bpd), an increase of 4,000bpd compared to 2019.... Read More
Southern Cone
On 17 February, Uruguay’s President Luis Alberto Lacalle Pou received his Paraguayan counterpart, Mario Abdo Benítez, at the presidential residence in the seaside resort of Punta del Este, Maldonado department.... Read More
* The Ad Hoc Group of Argentina Exchange Bondholders has released a statement warning that since the government led by President Alberto Fernández concluded its “historic restructuring” of international and domestic foreign currency bonds in September 2020, “local macroeconomic conditions have continued to deteriorate”.... Read More

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