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LatinNews Daily - 17 June 2021

Main Briefing
On 16 June Venezuelan political opposition leader, Juan Guaidó, said that regional elections due to be held on 21 November “are not the solution” to the country’s political crisis, as other figures in the opposition expressed hope that the arrival of a new chief prosecutor at the International Criminal Court (ICC) in The Hague could hold de facto president, Nicolás Maduro, to account for “crimes against humanity”.... Read More
Andean
* Venezuela’s central bank (BCV) has published its monthly consumer price index, which shows that monthly inflation reached 28.5% in May, bringing the cumulative inflation in the first five months of 2021 to 264.8%.... Read More
Brazil
On 16 June, Brazil’s federal chamber of deputies approved with a sweeping majority a bill which modifies, and essentially weakens, a law known as the ‘law of administrative improbity’. ... Read More
* The monetary policy committee (Copom) of Brazil’s central bank (BCB) has raised the benchmark interest rate, the Selic, by 75 basis points to 4.25%.... Read More
Central America & Caribbean
On 16 June Honduras’s President Juan Orlando Hernández defended so-called employment and economic development zones (Zedes), claiming that they would create “thousands of jobs”.... Read More
* Guatemala’s economy minister Antonio Malouf has met virtually with UK Trade Commissioner for Latin America and the Caribbean Jonathan Knott to discuss ways to boost trade and investment between the UK and Guatemala.... Read More
Mexico
On 16 June Norwegian auditor firm, DNV, released preliminary findings of a report which found that the collapse of the Línea 12 (L12) line of the Mexico City (CDMX) metro last month was due to “a structural failure”, citing “deficiencies in the construction process”.... Read More
* An Agreement for Reciprocal Protection and Promotion of Investments (APPRI) between Mexico and Hong Kong has come into effect.... Read More
Southern Cone
On 16 June, the US Deputy Secretary of the Treasury Wally Adeyemo said the US will support economic policy programmes for Argentina that promote job creation.... Read More
* Argentina’s national statistics institute (Indec) has released the latest consumer price index (IPC) figures, which show that the monthly inflation rate stood at 3.3% in May, bringing annual inflation to 48.8%.... Read More

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