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LatinNews Daily - 29 July 2021

Main Briefing
On 28 July, Pedro Castillo was inaugurated as Peru’s new president and sought to calm investor nerves with a pledge not to nationalise private companies.... Read More
Andean
* Ecuador’s economy & finance minister, Simón Cueva, has announced that the Inter-American Development Bank (IDB) has approved a US$300m loan that he said will be used to ensure “minimum levels of income for a million Ecuadorean families who are in a situation of poverty or vulnerability as a result of the economic crisis caused by the [coronavirus] Covid-19.” The 23-year loan will have a grace period of 7.5 years, and interest will be charged at the London Interbank Offered Rate (Libor), according to a statement by the economy & finance ministry.... Read More
Brazil
On 28 July Brazil’s federal health minister, Marcelo Queiroga, gave a speech on national television, celebrating the fact that the country has delivered 100m first doses of the coronavirus (Covid-19) vaccine and urging Brazilians to get their second jab.... Read More
* Brazil’s federal treasury (Tesouro Nacional) has released its latest monthly report on government debt, according to which the federal public debt (DPF) grew 3.07% in June compared with May, to R$5.17trn (US$1trn).... Read More
Central America & Caribbean
On 28 July Costa Rica’s President Carlos Alvarado unveiled a legislative bill which eliminates the use of fossil fuels in Costa Rica and declares its national territory free of exploration and exploitation of oil and gas.... Read More
* The Dominican Republic’s President Luis Abinader, Economy, planning & Development Minister Miguel Ceara Hatton and the chargé d’affaires at the US embassy in Santo Domingo, Robert Thomas, have signed a US$251m agreement for the US Agency for International Development (USAID) to implement a cooperation strategy over the next five years in the Dominican Republic (DR).... Read More
Mexico
On 28 July a Mexican federal judge, Francisco Javier Rebolledo Peña, agreed to consider an appeal against the judicial reform approved by the government, among other things, would extend the term of the president of the supreme court (SCJN), Arturo Zaldívar, by two years until 2024.... Read More
* Mexico’s national statistics institute (Inegi) has released findings from its national survey of household income and expenditure (Enigh) which showed that in 2020 the average current income per household per quarter was M$50,309 (US$2,532), down 5.8% on the M$53,418 average registered per household per quarter in 2018.... Read More
Southern Cone
On 28 July Argentina’s President Alberto Fernández said that all cabinet members running in the November midterm federal legislative elections will be asked to resign.... Read More
* Argentina’s economy ministry has announced that it has successfully placed Ar$150.367bn (US$1.56bn) in short-term bonds in the domestic market.... Read More

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