LatinNews Daily - 12 August 2022

On 11 August, Colombia’s new left-wing government led by President Gustavo Petro moved on two key election pledges, restoring diplomatic relations with Venezuela and opening the door to negotiations with the Ejército de Liberación Nacional (ELN) guerrilla group.... Read More

* The Organization of the Petroleum Exporting Countries (OPEC) has published its latest monthly oil market report, in which Venezuela claimed to have produced 629,000 barrels of oil per day (bpd) in July.... Read More

On 11 August Brazil’s President Jair Bolsonaro said a citizens’ pro-democracy manifesto signed by more than 1m people and read throughout the country is worth less than ‘toilet paper’.... Read More

* The Companhia Nacional de Abastecimento (Conab), the logistics arm of Brazil’s agriculture ministry, has announced that it expects the country’s 2021/2022 grain harvest to amount to 271.4m tonnes (t).... Read More

On 11 August the president of El Salvador’s supreme electoral tribunal (TSE), Dora Esmeralda Martínez de Barahona, said she was not qualified to answer questions relating to the requirements for President Nayib Bukele to seek re-election in 2024.... Read More

* The Central American development bank (BCIE) has announced the issuance of a bond of at least US$600m to finance development projects in Central America, which is dedicated to the 30th anniversary of the BCIE’s collaboration with Taiwan.... Read More

On 11 August, violence erupted in Mexico’s Ciudad Juárez, Chihuahua state, apparently sparked by a prison riot.... Read More

*Mexico’s central bank (Banxico) has raised its benchmark interest rate by 75 basis points to 8.5% - its tenth consecutive rate hike.... Read More

On 11 August Apruebo Dignidad and Socialismo Democrático, the two main coalitions that support the left-wing government led by President Gabriel Boric, announced an agreement to amend parts of the new draft constitution which is due to be submitted to a referendum on 4 September.... Read More

* Argentina’s national statistics institute (Indec) has published the latest consumer price index (IPC) which showed that monthly inflation reached 7.4% in July, bringing annual inflation to 71%.... Read More