LatinNews Daily - 20 June 2022

Main Briefing
On 19 June Gustavo Petro (Pacto Histórico) was elected as Colombia’s first left-wing president, defeating the populist Rodolfo Hernández (Liga de Gobernantes Anticorrupción) in the presidential second round run-off.... Read More
Andean
*Peru’s central bank (BCRP) has revised the country’s growth forecast to 3.1%, down from its previous forecast of 3.4% in March, citing a less productive primary sector as the cause.... Read More
Brazil
On 19 June workers at the Brazilian government’s indigenous affairs agency (Funai) called for a nationwide strike amid growing political repercussions from the killings of British journalist Dom Phillips and local indigenous expert Bruno Pereira.... Read More
* Brazil’s state-controlled oil company, Petrobras, has raised its fuel prices, drawing the ire of President Jair Bolsonaro.... Read More
Central America & Caribbean
On 19 June El Salvador’s President Nayib Bukele urged “patience” over the market price of cryptocurrency bitcoin.... Read More
*The International Monetary Fund (IMF) has sent a team to Costa Rica where it met representatives from the new government led by President Rodrigo Chaves to discuss policy priorities in preparation for the third review mission under the Extended Fund Facility (EFF) arrangement agreed with the previous government in 2021.... Read More
Mexico
On 17 June, Mexico’s President Andrés Manuel López Obrador announced ten measures aimed at combatting climate change.... Read More
*Mexico’s President Andrés Manuel López Obrador has announced that his government would continue to subsidise the price of petrol and diesel for the remainder of the year.... Read More
Southern Cone
Chile’s President Gabriel Boric faces a potential nationwide copper miners’ strike, after he announced on 17 June that the government was supporting a decision by state-owned copper mining giant Codelco, to close down its Ventanas smelter on environmental grounds.... Read More
*Uruguay’s central bank (BCU) has released new figures showing that GDP grew 8.3% in the first quarter of 2022, compared with the same period of 2021.... Read More
Washington Watch
Caribbean: On 9 June US Vice President Kamala Harris announced plans to launch the US-Caribbean Partnership to Address the Climate Crisis 2030 (PACC 2030), a new framework to elevate US cooperation with Caribbean countries to support climate adaptation and strengthen energy security, while building the resilience of critical infrastructure and local economies to the climate crisis.  To achieve these objectives, PACC 2030 will organize its activities and programs under four pillars: 1) Improving Access to Development Financing; 2) Facilitating Clean Energy Project Development and Investment; 3) Enhancing Local Capacity Building; and 4) Deepening Collaboration with our Caribbean Partners.  PACC 2030 will work towards meeting the objectives of the Paris Climate Agreement and the United Nations Sustainable Development Goals (SDGs).... Read More

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