Economy & Business - November 2022

During a morning press conference on 6 October, Mexico’s President Andrés Manuel López Obrador announced that Tatiana Clouthier was resigning as economy minister.... Read More

Several Colombian presidents have criticised central bank policy at some point or another, but few have been punished by financial markets as swiftly and as harshly as President Gustavo Petro.... Read More

When the first truck crossed the Simón Bolívar bridge over the Táchira River, which separates Venezuela from Colombia, there was no lack of superlatives to describe the opening of the 2,200km border to vehicle traffic for the first time in seven years. ... Read More

A 14 September report from the International Monetary Fund (IMF) recommended that the Bolivian government implement “meaningful fiscal adjustment” by constraining public sector wage growth, limiting growth in public investment, and reducing subsidies.... Read More

The Chinese mining company MMG has announced its intention to invest US$2bn over the next five years to expand the Las Bambas copper mine, which is located in Peru’s southern Apurímac region and accounts for around 1% of the country’s GDP and 2% of global copper supply.... Read More

ECUADOR | Draft budget presented.... Read More

For many years Brazil rested on its laurels for using mostly sustainable energy from massive hydroelectric plants, the biggest of which is Itaipú and was completed nearly four decades ago.... Read More

When a country has 14 different exchange rates for the same currency, you know something is amiss with its economy.... Read More

Back in March 2018 it was Chile that hosted the meeting where 11 countries ceremoniously agreed on a new Trans-Pacific trade deal.... Read More

PARAGUAY| | Staff-level agreement with IMF.... Read More

Rising prices on the international market have encouraged a huge increase in gold mining in Nicaragua, bringing in hundreds of millions of dollars in exports as well as driving social conflict and environmental damage, but the sector has now been targeted by US sanctions.... Read More

Despite slowing global trade due to the war in Ukraine, shipping activity in the Panama Canal increased 8.2% from January-June compared to the same period last year.... Read More

In its October edition of Caribbean Outlook, the United Nations (UN) Economic Commission for Latin America and the Caribbean (Eclac) looks in detail at what the Caribbean needs to do to adjust to the post-coronavirus (Covid-19) world.... Read More

COSTA RICA | New IMF resilience and sustainability loan announced.... Read More

On 19 October, local press in Mexico reported that Grupo Bimbo, a Mexican-headquartered multinational producer of bread and other foodstuffs, had been targeted by criminal groups that focus on freight theft, illustrating a serious problem in the country.... Read More

The latest statistical report released by the energy ministry (Sener) shows that annual domestic natural gas production will record a yearly increase in 2022.... Read More

MEXICO | Remittances up.... Read More