Economy & Business - May 2022

LEADER
Peruvians have tired of President Pedro Castillo.... Read More
ANDEAN COUNTRIES
The Venezuelan government led by President Nicolás Maduro introduced a ‘tax on large financial transactions’ (IGTF) on 28 March.... Read More
Workers from Bolivia’s tourism industry took to the streets in Sucre (capital of Chuquisaca) and La Paz on 25 April to protest against government measures they claim are limiting the recovery of their sector.... Read More
Unable to advance his investment and tax reforms in congress, Ecuador’s President Guillermo Lasso is attempting to implement his liberalisation agenda from the executive branch.... Read More
COLOMBIA | IMF unconcerned by candidates.... Read More
BRAZIL & SOUTHERN CONE
It was an extremely high-profile interview and an extraordinary answer to a question.... Read More
Gabriel Boric, Chile’s new left-wing president who took office on 11 March, has had a turbulent first two months in office, with economic difficulties beginning to pile up. ... Read More
If the first wave of the energy transition is the shift to greater use of renewable energy in the electricity grid, the second is the reduction of fossil fuels in transport and their replacement by alternatives such as hydrogen.... Read More
In April, the Argentine government announced plans to build a major pipeline, named after former president Néstor Kirchner (2003-2007), to link the Vaca Muerta shale oil and gas deposits in Patagonia to the capital Buenos Aires and other consumption centres and export terminals.... Read More
ARGENTINA | Economy minister claims IMF deal on track.... Read More
CENTRAL AMERICA & CARIBBEAN
Costa Rica’s new president Rodrigo Chaves has started to lay out his plans to kickstart the country’s troubled economy after winning the presidential run-off on 3 April, but details remain thin on the ground.... Read More
The value of remittances grew by an average of 27.5% for four Central American countries in 2021, according to a recent report by US-based think tank Inter-American Dialogue.... Read More
All forecasts for the economies of the Caribbean have been overturned by the war in Ukraine, most particularly because of the effects on inflation, thus compounding the inherent uncertainties of the post-Covid recovery.... Read More
NICARAGUA | Boosting ties with Iran.... Read More
MEXICO & USMCA
On 17 April, Mexico’s lower chamber voted against President Andrés Manuel López Obrador’s electricity reform, which had sought to increase state control of power generation and therefore reverse one of the central features of the sector’s liberalisation as undertaken by the previous administration of Enrique Peña Nieto (2012-2018).... Read More
On 4 May, Mexico’s President Andrés Manuel López Obrador unveiled a plan to limit the extent of rising prices of foodstuffs and other basic goods.... Read More
On 28 April, deputy finance minister, Gabriel Yorio, disclosed that the finance ministry (SHCP) was developing a package of tax incentives to boost investment in the Tehuantepec Isthmus region in southern Mexico, where the distance between the Gulf of Mexico and the Pacific Ocean is at its shortest.... Read More
MEXICO | Monthly job creation plummets.... Read More

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