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LatinNews Daily - 28 May 2021

Main Briefing
On 27 May, Ecuador’s new President Guillermo Lasso held meetings with the International Monetary Fund (IMF) and the Inter-American Development Bank (IDB), as he seeks to build a strong working relationship with these lenders.... Read More
Andean
* The International Monetary Fund (IMF) has concluded a mid-term review into Peru’s continued eligibility for flexible credit line (FCL) resources, and determined that the country can continue to draw on a two-year US$11bn FCL that was approved in May 2020.... Read More
Brazil
On 27 May, Brazil’s President Jair Bolsonaro filed a motion with the supreme court (STF) challenging the lockdown measures against the coronavirus (Covid-19) adopted by the state governments of Pernambuco, Rio Grande do Norte, and Paraná.... Read More
* Brazil’s national statistics institute (Ibge) has released the latest figures on unemployment, which show that the country’s unemployment rate has reached 14.7% in the first quarter of the year, a new record high.... Read More
Central America & Caribbean
On 27 May a group of international artists and other cultural representatives published an open letter to Cuba’s President Miguel Díaz-Canel, condemning the detention of dissident Cuban artist, Luis Manuel Otero Alcántara, and demanding his “immediate and unconditional” release.... Read More
* US Vice President Kamala Harris has announced a Call to Action for businesses and social enterprises to make “new, significant commitments” in Central America to “help send a signal of hope to the people of the region and sustainably address the root causes of migration by promoting economic opportunity”.... Read More
Mexico
On 27 May Mexico’s foreign minister, Marcelo Ebrard, published a letter to United Kingdom-based The Economist magazine, slamming as “absurd” the suggestion that President Andrés Manuel López Obrador is weakening Mexico’s democracy.... Read More
* Mexico’s national statistics institute (Inegi) has released the latest monthly figures from the national survey of employment and occupation (Enoen), which show that the unemployment rate stood at 4.7% in April.... Read More
Southern Cone
On 27 May President Alberto Fernández said that he agrees that his administration should adopt a “tougher” stance in its efforts to renegotiate Argentina’s debt with the International Monetary Fund (IMF).... Read More
* Argentina’s central bank (BCRA) has changed domestic banking regulations to allow banks that operate in the country to keep a greater proportion of their reserve requirements in Argentine treasury bonds.... Read More
Publishing note
Due to a public holiday there will be no LatinNews Daily on Monday 31 May.... Read More

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