Economy & Business - June 2022

LEADER
On 1 January 2019, the day he took office three and a half years ago, Paulo Guedes, Brazil’s ‘super minister’ for the economy, announced a right-wing revolution.... Read More
ANDEAN COUNTRIES
Venezuela’s President Nicolás Maduro announced in a televised address on 11 May that his government was looking to float shares worth between 5% and 10% of the value of various state-run companies.... Read More
Bolivia’s Energy and Hydrocarbons Minister, Franklin Molina, confirmed on 25 May that the government led by President Luis Arce is seeking to renegotiate a contract under which the state hydrocarbon company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), supplies Brazil with natural gas.... Read More
The release of Ecuador’s fiscal statistics for the first quarter of 2022 evidenced two divergent trends.... Read More
COLOMBIA | Unemployment approaches pre-pandemic levels. On 31 May Colombia’s national statistics department (Dane) released the latest employment figures, which showed unemployment falling to levels not seen since the onset of the coronavirus (Covid-19) pandemic.... Read More
BRAZIL & SOUTHERN CONE
Elon Musk, the world’s richest business leader, produced some excitement in Brazil in April and May.... Read More
President Gabriel Boric gave his first state of the nation address, known as the ‘cuenta pública’, to congress on 1 June, after exactly 82 days in office.... Read More
Uruguay’s President Luis Alberto Lacalle Pou visited the UK on 23-24 May to meet Prime Minister Boris Johnson for talks on collaboration and trade.... Read More
ARGENTINA| Government formalises extension agreement with Paris Club.... Read More
CENTRAL AMERICA & CARIBBEAN
In mid-May, El Salvador’s President Nayib Bukele welcomed representatives from 44 countries to discuss the country’s adoption of cryptocurrency bitcoin as legal tender.... Read More
Nicaragua’s President Daniel Ortega has boosted ties with Iran and China in recent months as the US steps up efforts to punish his government for its attacks on civil liberties and dismantling of democratic institutions.... Read More
There has been some optimistic talk about the weak Cuban economic recovery, which began in 2021, beginning to gather some pace in 2022.... Read More
The Dominican Republic’s economy grew by 6.4% in March according to the monthly index of economic activity (IMAE) compiled by the central bank (BCRD) and published in early May.... Read More
DOMINICAN REPUBLIC | New solar park inaugurated.... Read More
MEXICO & USMCA
On 12 May, Mexico’s Foreign Minister Marcelo Ebrard and US Ambassador to Mexico Ken Salazar announced that an investment package had been agreed between the Mexican and US governments aimed at boosting economic growth in the shared border area.... Read More
On 23 May, the US Federal Aviation Administration (FAA) informed Mexico’s civil aviation agency (AFAC) that the technical review necessary to restore the country’s ‘Category 1’ aviation safety rating would be delayed by some weeks.... Read More
On 23 May, Mexico’s national statistics institute (Inegi) published its latest quarterly figures on employment based on its national employment survey (Enoe), which showed that in the first quarter of 2022, the economically active population (EAP) totalled 58.1m people, equivalent to 58.7% of the population aged 15 and above.... Read More
On 20 May, trade representatives from Mexico and the United Kingdom launched negotiations to set up a Free Trade Agreement (FTA) between both countries.... Read More
MEXICO | Banxico lowers GDP growth forecast.... Read More

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