Brazil & Southern Cone - February 2022

On 28 January, the International Monetary Fund (IMF) and Argentina said they had reached an understanding on the restructuring of the US$44.5bn debt that Argentina owes the IMF, possibly signalling the end of the South American country’s latest debt saga.... Read More

On 28 January, the International Monetary Fund (IMF) and Argentina said they had reached an “understanding” on key elements of an economic stabilisation programme needed to avert the risk of default.... Read More

Chile’s President-elect Gabriel Boric won a convincing victory over his far-right rival, José Antonio Kast, in the presidential run-off in December.... Read More

On 14 January a Chilean appeals court suspended two government-awarded lithium tenders, together worth US$121m, that had been awarded two days earlier to a Chilean and a Chinese company.... Read More

Itapemirim Transportes Aéreos (ITA), Brazil’s newest airline, may end up having had a very short and interrupted flight path.... Read More

Two separate reports recently released by international NGOs warn of the erosion of democracy in Brazil, where a general election is due this October.... Read More

The Organisation for Economic Co-operation and Development (OECD), sometimes described as a 38-member club for rich countries, on 25 January formally invited six countries to initiate membership negotiations.... Read More

URUGUAY | Unemployment falls to lowest point in four years.... Read More