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LatinNews Daily - 07 October 2021

Main Briefing
On 6 October Peru’s President Pedro Castillo conducted a major overhaul of his cabinet, replacing the controversial Prime Minister Guido Bellido and six other ministers in a move that significantly moderates his far-left government.... Read More
Andean
* The international credit ratings agency Moody’s has raised its outlook for Colombia from ‘negative’ to ‘stable’, while maintaining the country’s credit rating at Baa2, indicating a moderate credit risk but a strong ability to repay short-term debt obligations.... Read More
Brazil
On 6 October, the Partido Social Liberal (PSL) and Democratas (DEM), two political parties with a strong presence in Brazil’s federal legislature, confirmed that they would be merging into a new right-of-centre political outfit, dubbed União Brasil (UB), ahead of the October 2022 general election.... Read More
* Brazil’s national association of automobile manufacturers (Anfavea) has released its latest performance results, which show that 173,300 units were produced in September, a 21.3% reduction compared with a year earlier.... Read More
Central America & Caribbean
On 6 October Antonio Sobrado, the president of Costa Rica’s supreme electoral court (TSE), officially called the 7 February 2022 general elections for the presidency and 57-member unicameral legislature.... Read More
* A group of 16 civil society organisations including the Central American institute of fiscal studies (Icefi), a regional economic think-tank, and Fundación Nacional para el Desarrollo (Funde), the local branch of NGO Transparency International (TI), have called on the El Salvadorean government led by President Nayib Bukele to make public its budgetary policy behind the design of its proposed 2022 state budget.... Read More
Mexico
On 6 October Mexico’s federal electoral tribunal (TEPJF) voted to allow the national electoral institute (INE) to investigate Pío López Obrador, the brother of President Andrés Manuel López Obrador, in relation to alleged illegal financing involving the ruling left-wing Movimiento Regeneración Nacional (Morena).... Read More
* International credit ratings agency Moody’s Investors Service has warned that an electricity sector reform recently sent to congress by Mexico’s President Andrés Manuel López Obrador is “credit negative”.... Read More
Southern Cone
On 6 October, on the second attempt, opposition deputies in Chile’s lower chamber of congress passed a motion summoning the interior minister, Rodrigo Delgado, to answer questions about the migration crisis in the north of the country, caused by an influx of undocumented foreign nationals.... Read More
* The International Monetary Fund (IMF) has released the Staff Concluding Statement of the Fund’s 2021 Article IV Mission to Uruguay, in which it is praised for its response to the coronavirus (Covid-19) pandemic.... Read More

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