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LatinNews Daily - 06 May 2021

Main Briefing
On 5 May the defeated presidential candidate for Peru’s left-wing Juntos por el Perú coalition, Verónika Mendoza, endorsed the far-left Perú Libre candidate Pedro Castillo, further boosting his chances ahead of the 6 June presidential run-off vote against Keiko Fujimori of the right-wing Fuerza Popular party...
Andean
* Peru’s foreign trade & tourism minister, Claudia Cornejo, has said that Peru’s exports totalled US$11.1bn in the first quarter of 2021, up 12.6% on the same period in 2020...
Brazil
On 5 May, federal lawmakers in Brazil slammed comments made by President Jair Bolsonaro earlier that day, in which he indirectly criticised China.  ..
* The monetary policy committee (Copom) of Brazil’s central bank (BCB) has raised the benchmark interest rate (Selic) by 75 basis points to 3.5%, the second consecutive sharp rate hike...
Central America & Caribbean
On 5 May El Salvador’s 84-member unicameral national legislature approved a new legislative bill that provides immunity for health sector officials from administrative and legal complaints in relation to the coronavirus (Covid-19) pandemic...
* The Inter-American Development Bank (IDB) has announced two loans for Costa Rica totalling US$500m, which will provide “budget support to the country and support policy reforms to ensure fiscal sustainability and uphold short- and medium-term macroeconomic stability”...
Mexico
On 5 May the Partido Verde Ecologista de México (PVEM) reported that members of the Purépecha indigenous community had torched a party vehicle in the western state of Michoacán...
* The American Chamber of Commerce of Mexico (Amcham), a lobby group that groups US firms that operate in Mexico, has said that in order for Mexico’s national economy to have a more effective recovery this year, the government should increase its spending to stimulate more economic activity...
Southern Cone
On 5 May, Argentina’s President Alberto Fernández accused the country’s judiciary of using the law to favour opposition politicians...
*Uruguay’s national statistics institute (INE) has reported that the consumer price index (IPC) increased by 0.5% month-on-month in April and by 6.76% year-on-year...

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