Economy & Business - February 2023

For most Argentines the euphoria of winning the football World Cup title for the third time last year quickly gave way to renewed economic malaise.... Read More

Anti-government protesters in Bolivia’s eastern department of Santa Cruz announced on 18 January that they would be lifting the roadblocks that had largely cut off the region from the rest of the country since late December.... Read More

It’s not like Colombia’s President Gustavo Petro didn’t warn anybody that he was about to cause the biggest upheaval for the country’s public utilities in nearly three decades.... Read More

Following significant progress in combating hyperinflation, Venezuela is again seeing consumer price increases accelerating.... Read More

Following a loosening of economic sanctions and a partial diplomatic rapprochement between Venezuela and its neighbours in recent months, there have been further signs the one-time pariah state is gradually returning into the folds of the international community.... Read More

BOLIVIA | ‘World class’ silver deposit discovered.... Read More

When Brazil’s President Luiz Inácio Lula da Silva disembarked in Buenos Aires in January on his first foreign visit since returning to the country’s top job, he unveiled two economic proposals that caused a stir at home and abroad.... Read More

When a mining country like Chile turns down a US$2.5bn investment proposal to develop a copper and iron mine, you know something big is at stake.... Read More

BRAZIL | Record oil and gas production last year.... Read More

Wrangling over the future of the huge Cobre Panamá copper mine continues as the government led by President Laurentino Cortizo and Canadian miner First Quantum Minerals (FQM) struggle to agree on the terms of a new contract.... Read More

On 13 January Honduras’ congress approved a L392.52bn (US$16bn) state budget for 2023, up 8.9 % compared to 2022, with various budget items prompting criticisms from civil society organisations like Asociación para una Sociedad Más Justa (ASJ), the local chapter of anti-corruption NGO Transparency International, and think tank Foro Social de la Deuda Externa de Honduras (Fosdeh).... Read More

If you are a small Caribbean Island jurisdiction which is heavily reliant on tourism, the arrival of a multi-billion dollar crypto exchange, bringing in new revenues and firing up the local tech start-up community sounds like it has to be a good thing.... Read More

Trinidad and Tobago has brokered a major liquid natural gas (LNG) deal with two long-standing regional rivals, Venezuela and the US, which will also benefit Jamaica and the Dominican Republic.... Read More

NICARAGUA | IMF highlights strong reserves.... Read More

Following a strong performance towards the end of 2022, Mexico’s currency maintained its strength during the first month of 2023.... Read More

The most recent modifications to Mexico’s anti-smoking law came into effect on 15 January.... Read More

On 23 January, the US Embassy in Mexico issued a security alert for US citizens in Quintana Roo state, where many of the country’s top tourist destinations are located.... Read More

A government decree closing off Mexico City (CDMX)’s Benito Juárez International Airport (AICM) to cargo flights came into effect on 2 February.... Read More

MEXICO | Inflation and interest rates on the up.... Read More