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LatinNews Daily - 12 March 2021

Main Briefing
On 11 March Devis Leonel Rivera Maradiaga, the former head of Los Cachiros, one of Honduras’s most notorious drug trafficking organisations (DTOs), testified in a US court that he paid Honduras’s President Juan Orlando Hernández US$250,000 in bribes...
Andean
On 11 March Bolivia’s supreme electoral tribunal (TSE) released preliminary results from the gubernatorial and municipal elections staged four days earlier...
* Peru’s congress has approved an initiative that will allow Peru’s central bank (BCRP) to set maximum and minimum interest rates every six months in order to regulate the loan market...
Brazil
In the early hours of 12 March, Brazil’s federal chamber of deputies approved a constitutional amendment, known as the ‘PEC Emergencial’, which paves the way for the reinstatement of monthly cash handouts to vulnerable Brazilians in the context of the coronavirus (Covid-19) pandemic...
* Brazil’s national statistics institute (Ibge) has released the latest figures for the consumer price index (IPCA), which show that monthly inflation totalled 0.86% in February, bringing annual inflation to 5.20%...
Central America & Caribbean
* The Central American development bank (BCIE) has approved a US$35m loan for Honduras to acquire 2.8m doses of vaccines against the coronavirus (Covid-19), which would serve to vaccinate 1.4m people, covering approximately 30.8% of the population...
Mexico
On 11 March Hugo López-Gatell, Mexico’s deputy health minister and top strategist in the campaign against the coronavirus (Covid-19) pandemic, said that the government was increasing its vaccination target to 500,000 doses a day.  ..
* Mexico’s finance minister Arturo Herrera has said that 2021 will be “much better” with regard to the economy than previously calculated...
Southern Cone
On 11 March, Chile’s President Sebastián Piñera announced a package of new benefits for middle-class Chileans, as the coronavirus (Covid-19) pandemic continues to impact the economy...
* Argentina’s national statistics institute (Indec) has released the latest figures for the consumer price index (IPC), which show that monthly inflation totalled 3.6% in February...

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