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LatinNews Daily - 23 February 2021

Main Briefing
On 22 February, a federal court gave Brazil’s President Jair Bolsonaro three days to explain his decision to remove Roberto Castello Branco as the head of the state-owned oil company, Petrobras, a move which has plunged Brazilian markets into turmoil amid concerns over state interventionism...
Andean
On 22 February the Council of the European Union (EU) imposed sanctions, including travel bans and asset freezes, on an additional 19 Venezuelan government officials...
* Omar Prieto, the ruling governor for the western state of Zulia, has reported that two problems in the electricity system left parts of Zulia’s capital, Maracaibo, and beyond without electricity...
Brazil
* Instituto Aço Brasil, the Brazilian association of steel producers, has announced that it has positive expectations for the sector’s performance in 2021...
Central America & Caribbean
On 22 February the right-wing Alianza Republicana Nacional (Arena), one of El Salvador’s two main opposition parties, denounced a supposed plan on the part of the executive led by President Nayib Bukele to “distort” electoral results of the 28 February legislative and municipal elections, and accused it of breaking electoral law...
* The European Council has announced that it has added Dominica to its list of non-cooperative tax jurisdictions...
Mexico
On 22 February Mexico’s President Andrés Manuel López Obrador said that the figures published by the Auditoría Superior de la Federación (ASF), Mexico’s federal audit office, were “incorrect” and “exaggerated”...
* The Mexican subsidiary of Spain’s Banco Sabadell and the German Institute for Financing Development (DEG), a subsidiary of Germany’s development bank KfW, have announced that they will provide US$50m in loans to help finance Mexico’s sustainable development...
Southern Cone
On 22 February, the Argentine government published the list of names of individuals that have been vaccinated against the coronavirus (Covid-19) after they appear to have been given undue preferential access to the vaccine by the health ministry...
* The government of Argentina's Salta province has announced that it has reached an agreement with most of its bondholders to restructure US$350m worth of sovereign bonds...

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