Economy & Business - July 2022

Mexico’s President Andrés Manuel López Obrador recently unveiled a package of ten measures aimed at addressing the global climate emergency.... Read More

After an historic electoral victory on 19 June that saw him elected to be Colombia’s first ever leftist president, Gustavo Petro told supporters in Bogotá that his government could be an example to the world by respecting all forms of life, built on the pillars of peace, and social and environmental justice. ... Read More

Venezuela’s President Nicolás Maduro spent 11 days on a tour of some of his country’s strategic allies from 7-18 June, stopping in Iran, Turkey, Algeria, Kuwait, Qatar, and Azerbaijan.... Read More

President Guillermo Lasso’s administration reached an agreement on 30 June with the Confederación de Nacionalidades Indígenas del Ecuador (Conaie), Ecuador’s umbrella indigenous organisation which for 18 days had caused major disruption with a wave of protests against the cost of living and the government’s environmental policy.... Read More

COLOMBIA | Petro names finance minister.... Read More

Data released for the first quarter shows that Uruguay’s economy remains strong, but second half risks to growth are edging up.... Read More

It took only eight days between the International Monetary Fund (IMF) formally approving Argentina’s first quarter economic performance and the country being back in a financial crisis with a run on the peso and a new economy minister.... Read More

Almost all governments spend extra money in election years.... Read More

The Southern Common Market (Mercosur), the four-country trade pact formed by Argentina, Brazil, Paraguay, and Uruguay, has been somewhat deadlocked in recent years, but it is nevertheless showing some early signs of possible revival.... Read More

At the end of June, Chile’s popularly elected constitutional convention (CC) completed its work on a new draft constitution, which will now be subject to a referendum due to be held on 4 September.... Read More

PARAGUAY | New economic measures announced.... Read More

On 7 June the International Monetary Fund (IMF) published a statement on the “favourable” outlook for Guatemala’s economy, the latest in a string of positive assessments from influential bodies that belie the difficult economic situation for many in the country.... Read More

From 6-10 June leaders from a selection of Latin American countries travelled to Los Angeles to take part in the Summit of the Americas (SoA) to hear about US President Joe Biden’s vision for relations with the region, but for Central America the results left much to be desired.... Read More

Expanded activity by Haiti's criminal gangs is adding to the country's economic problems, marked by rising food insecurity.... Read More

Visiting Barbados in June, International Monetary Fund (IMF) Managing Director Kristalina Georgieva met Prime Minister Mia Mottley and played the role of financial ‘good cop’ saying the Fund is now much more sensitive to the social costs of fiscal austerity, and more prepared to protect the vulnerable at times of financial difficulty.... Read More

HONDURAS | FDI up.... Read More

Mexico was the second main recipient of remittances worldwide after China last year.... Read More

Mexico was the top destination in the region for the creation of start-ups in 2021, according to a report published on 20 June by Endeavor, a US-based company that supports high-impact entrepreneurs around the world, and private equity firm Glisco Partners.... Read More

MEXICO | S&P revises Mexico’s outlook to stable.... Read More