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LatinNews Daily - 18 May 2021

Main Briefing
On 17 May Colombia’s President Iván Duque ordered the security forces to clear barricades erected by protesters over the past three weeks, as the country braced for its fourth day of national strike in that same period...
Andean
* Peru’s general sales tax (IGV) revenues increased 74.8% year-on-year in April, according to the central bank (BCRP)...
Brazil
On 17 May, Brazilian non-profit research institution, Imazon, released its latest figures on deforestation in the legal Amazon, which show that forest loss in April surged 45% year-on-year. ..
* The Instituto Brasileiro de Economia at the Fundação Getulio Vargas university (Ibre/FGV) has released Q1 figures from its GDP monitor, which show that Brazil’s economic activity grew 1.7% in January-March 2021 in seasonally-adjusted terms, compared with the final quarter of 2020, and 1.6% year-on-year...
Central America & Caribbean
On 17 May Costa Rica’s education minister, Giselle Cruz, announced that public schools across the country would close between 24 May and 9 July...
* Costa Rica’s finance ministry has released new figures which show the country’s fiscal deficit to April was ¢466.07bn (US$758m), representing 1.23% of GDP – the lowest of the last six years as a percentage of GDP...
Mexico
On 17 May two Mexican federal judges ordered the indefinite suspension of the recently approved reform of the country’s hydrocarbons law, pending a decision on its legality. ..
* Mexico’s national statistics institute (Inegi) has released its latest data from the national employment survey (Enoe), which show that unemployment in the first quarter of 2021 was 4.4% - an increase of 0.9 percentage points on the same period in 2020...
Southern Cone
On 17 May the ruling right-of-centre Chile Vamos coalition suffered a further electoral setback, with its poor showing in the constituent convention elections matched by adverse results in the concurrent regional and municipal contests...
* The index for the Santiago stock exchange (IPSA) in Chile fell 9.33% yesterday (17 May), as the results from the ‘mega election’ held over the previous two days confirmed the poor performance of the country’s traditional political parties, particularly on the Right...

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