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LatinNews Daily - 07 September 2022
Main Briefing
On 6 September Chile’s President Gabriel Boric replaced various cabinet ministers, including two key confidants from the far-left, after a resounding defeat in the 4 September national referendum on the draft constitution.... Read More
Andean
On 6 September, Ecuador’s electoral disputes tribunal (TCE) gave the green light for a popular referendum on whether to ban oil extraction in the Yasuní national park, one of the world’s biodiversity hotspots.... Read More
* Bolivia’s national statistics institute (INE) has released its latest consumer price index (IPC), showing that monthly inflation in August was 0.04% while year-on-year inflation was 1.55%.... Read More
Brazil
On 6 September, Brazil’s President Jair Bolsonaro called on his followers to take to the streets in nationwide demonstrations for today’s (7 September) Independence Day celebrations.... Read More
*The Brazilian association of meatpackers (Abrafrigo) has reported that Brazil’s beef exports reached US$1.35bn in August, a monthly record high, and a 15.8% rise on August 2021, according to figures circulated in the local media.... Read More
Central America & Caribbean
On 6 September Guillermo Castillo, the director of Guatemalan business conglomerate Castillo Hermanos, announced a US$15m investment in a five-year social initiative, ‘Guatemaltecos por la Nutrición’, to address malnutrition in Guatemala.... Read More
* The Central American development bank (BCIE) and the Honduran non-profit organisation Fundación José María Covelo have announced an additional US$5m credit line, on top of a US$2.5m loan authorised in July 2020 by the BCIE for the Fundación José María Covelo, to support micro, small, and medium-sized enterprises (MSMEs).... Read More
Mexico
On 6 September, the national leader of Mexico’s opposition Partido Acción Nacional (PAN), Marko Cortés, stated that his party rejected a proposal by fellow opposition Partido Revolucionario Institucional (PRI) to extend the army’s oversight of the national guard (GN).... Read More
*Mexico’s President Andrés Manuel López Obrador has stated that his government’s proposed 2023 budget will be balanced and continue with his policy of austerity.... Read More
Southern Cone
* Chile’s central bank (BCCh) has raised the country’s benchmark interest rate 100 base points from 9.75% to 10.75%, in a bid to reign in rising inflation.... Read More
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- CHILE: Boric sacks leftwing confidants in cabinet reshuffle
- ECUADOR: Court ruling paves way for referendum on Yasuní oil drilling
- In brief: Inflation remains low in Bolivia
- BRAZIL: Tensions rise ahead of Independence Day rallies
- In brief: Brazilian beef exports reach monthly record high
- GUATEMALA: New private sector initiative to address malnutrition
- In brief: BCIE announces new loan for MSMEs in Honduras
- MEXICO: GN debate divides opposition
- In brief: López Obrador promises balanced 2023 budget
- In brief: Chile’s central bank raises interest rates