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LatinNews Daily - 04 March 2021

Main Briefing
On 3 March Guyana’s Foreign Minister Hugh Todd handed over a protest note to Venezuela’s ambassador to Guyana, Luis Edgardo Díaz Monclus, regarding an alleged recent violation of Guyana’s sovereignty...
Andean
On 3 March Venezuelan leader Nicolás Maduro held a virtual meeting with Michelle Bachelet, the United Nations (UN) High Commissioner for Human Rights...
*Peru’s economy & finance ministry (MEF) has announced that it has successfully placed US$4bn worth of sovereign bonds in international markets...
Brazil
On 3 March, Brazil’s economy ministry downplayed the country’s 4.1% GDP contraction in 2020 by noting that it represents a “reversal” of projections from international organisations, some of which had initially forecast a contraction as deep as 9% because of the coronavirus (Covid-19) pandemic...
* Brazil’s senate has approved in a first round of voting a constitutional amendment (the ‘PEC emergencial’) which will allow the government to issue debt to fund a new round of financial aid, which will be balanced out by spending controls...
Central America & Caribbean
* International credit ratings agency Fitch Ratings has issued a statement highlighting that while the victory of President Nayib Bukele’s Nuevas Ideas party in the 28 February legislative election will end El Salvador’s political gridlock, “it is not clear that this will lead to timely implementation of policies to bolster public finances”...
Mexico
On 3 March Mexico’s President Andrés Manuel López Obrador denied that he intends to nationalise the country’s electricity sector through his electricity reform, or that he wants to scare off private investors...
* In its latest quarterly report, Mexico’s central bank (Banxico) has revised up its forecast for Mexico’s GDP growth for 2021, to 4.8% from 3.3% previously...
Southern Cone
On 3 March Paraguay’s nursing union, the Asociación Paraguaya de Enfermería (APE), staged a protest in Asunción, criticising the government’s response to the coronavirus (Covid-19) pandemic, notably its failure to provide sufficient medicines. ..
* The Argentine association of automobile manufacturers (Adefa) has released new figures which show Argentina produced 21,809 vehicles in February 2021, 10.3% less than in January and 16.5% less than that registered in February 2020...

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