Economy & Business - September 2022

One year on from the adoption of cryptocurrency bitcoin as legal tender, El Salvador’s President Nayib Bukele is scrambling to find ways to avoid defaulting on foreign debt after the move affected investor confidence.... Read More

As Venezuela’s government seeks to rebuild a shattered economy, it looks like it plans to take yet another modest step toward capitalism by attracting foreign investment, albeit in a handful of economic enclaves.... Read More

Bolivia’s Foreign Minister Rogelio Mayta met with his Mexican counterpart Marcelo Ebrard on 5 August, with the two countries agreeing that their state-owned lithium companies will work together both in promoting the sale of lithium as a primary product and in the development of industrial-scale lithium processing capacity.... Read More

When President Guillermo Lasso took office in May 2021 he declared that under his leadership Ecuador would double its crude oil production to 1m barrels per day (bpd).... Read More

PERU | Growth forecast lowered.... Read More

Something strange is happening to Brazilian prices.... Read More

Chile’s constitutional ‘Plan A’ collapsed at the beginning of September when voters rejected a newly drafted constitution in a referendum.... Read More

The Argentine peso has plunged in value compared with Uruguay’s currency.... Read More

BRAZIL | Unemployment shows signs of improving.... Read More

President Rodrigo Chaves has made initial moves to deliver on his campaign promises, but he faces a tough task implementing reforms to cut the cost of living while addressing worsening public finances.... Read More

It sounds like a contradiction in terms, but in August the Cuban authorities tried to nationalise the foreign currency black market. ... Read More

Jamaica’s economic activity grew by 5.7% in the second quarter, led by tourism and the service sector, according to the Planning Institute of Jamaica (PIOJ), a government office.... Read More

HONDURAS | Remittances surge.... Read More

On 22 August, Mexico’s economy ministry (SE) released preliminary figures showing that foreign direct investment (FDI) in the country totalled US$27.5bn during the first six months of the year.... Read More

A wave of violence which afflicted several parts of Mexico in early August caused alarm among some of the country’s largest business organisations which issued statements highlighting concerns over the impact of organised crime on the legal economy.... Read More

Mexico’s mining chamber (Camimex) released its yearly report on 23 August, stating that the sector grew 7.1% during 2021.... Read More

Mexico’s federal transport ministry (SCT) announced on 10 August that it would cap the rates charged by railway companies in an effort to curb the increase in inflation, particularly of basic foodstuffs that are distributed by train, such as corn and wheat.... Read More

MEXICO | Job creation remains strong.... Read More