Economy & Business - August 2022

With the election of Gustavo Petro as Colombia’s president on 19 June, shivers ran down the spine of many an investor.... Read More
Between 1 June and 15 July, Ecuador’s country risk (used as an indicator for debt default risk) doubled, soaring from 796 to 1,600 points.... Read More
Following a summit held in Suriname from 3-5 July, the Caribbean Community (Caricom) released a statement calling for the lifting of sanctions on Venezuela to enable the resumption of the PetroCaribe oil initiative, through which Caricom members had previously received Venezuelan oil at discounted prices.... Read More
In early July, Bolivia’s left-wing Movimiento al Socialismo (MAS) government announced that it will invest B$62.3m (US$9.07m) in the creation of a state-run company to process coca leaves on an industrial scale.... Read More
PERU | Interest rate hike.... Read More
When, how, and whether to negotiate a free trade agreement (FTA) with China is emerging as an important issue for the four-country Southern Common Market (Mercosur) trade bloc – formed by Argentina, Brazil, Paraguay, and Uruguay.... Read More
Sergio Massa, a political heavyweight, and leader of one of the three main factions in the ruling centre-left coalition of President Alberto Fernández, was appointed ‘super minister’ of the economy on 28 July.... Read More
July was an odd month in the life of the Chilean peso.... Read More
There is a good chance that anyone who owns communication devices made by Apple or uses IT software and services provided by tech giants Amazon, Microsoft, or Alphabet (parent company of Google) is to some extent relying on small quantities of illegal gold mined in the Brazilian Amazon.... Read More
BRAZIL | Figures highlight shrinking industrial sector.... Read More
The Partido Revoluciónario Democrático (PRD) government led by President Laurentino Cortizo has recently faced some of the worst unrest in decades, over complaints regarding high fuel costs, rising prices for basic goods, deteriorating public finances, and economic mismanagement.... Read More
Micro, small, and medium-sized enterprises (MSMEs) represent a vital part of the regional economy that was badly affected by the coronavirus (Covid-19) pandemic, but increasing digitalisation has boosted resilience.... Read More
The Caribbean summer Carnival season, with events running across June, July, and August, is now underway after an enforced two-year break caused by the coronavirus (Covid-19) pandemic in 2020 and 2021.... Read More
EL SALVADOR | Remittances up.... Read More
Mexico’s President Andrés Manuel López Obrador inaugurated the Dos Bocas oil refinery - now formally called Olmeca – in Tabasco state on 1 July, supposedly marking the completion of another of his administration’s flagship infrastructure projects.... Read More
The US-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA), turned two years old on 1 July.... Read More
Mexico’s federal water commission (Conagua) declared a national water emergency due to severe drought on 12 July.... Read More
MEXICO | Gov’t hails success of anti-inflation plan.... Read More

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