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LatinNews Daily - 10 March 2023
Main Briefing
On 9 March, the International Federation of Red Cross and Red Crescent Societies (IFRC) cited official figures showing that in the first eight weeks of 2023 around 49,000 people crossed the Darién Gap – a dense jungle in Panama bordering Colombia – which IFRC said was “five times more than in the previous period in 2022”.... Read More
Andean
On 9 March, supreme court justice Juan Carlos Checkley extended the pre-trial detention of Peru’s former president Pedro Castillo (2021-2022) from 18 months to 36 months.... Read More
* Peru’s central bank (BCRP) has held the benchmark interest rate at 7.75% for a second consecutive month, highlighting a slight drop in annual inflation which fell from 8.66% in January to 8.65% in February.... Read More
Brazil
The accounting scandal involving Brazil’s Lojas Americanas retail chain will likely have an “insignificant” effect on Brazilian credit markets, according to minutes of the latest financial stability committee (Comef) meeting of Brazil’s central bank (BCB), published on 9 March. ... Read More
* Brazil’s national council of coffee exporters (Cecafé) has released its latest monthly report, putting February’s export volume at 2.39m sacks of coffee (one sack = 60kg), which represents a 33.3% drop compared to February 2022.... Read More
Central America & Caribbean
* Guatemala’s central bank (Banguat) has released new figures which show the country received a total of US$1.38bn in family remittances in February 2023, up from US$1.26bn on the same month in 2022.... Read More
Mexico
On 9 March, Mexico’s President Andrés Manuel López Obrador met with US Homeland Security Advisor Elizabeth Sherwood-Randall.... Read More
* Mexico’s national statistics institute (Inegi) has released the latest figures for the consumer price index (INPC), which shows that prices rose 0.56% in February as compared to the previous month.... Read More
Southern Cone
On 9 March Argentina’s Tribunal Oral Federal Nº2 (TOF 2) published the grounds for its conviction of Vice President Cristina Fernández last December to six years in prison for defrauding the state with a bar on holding public office for six years.... Read More
*Argentina’s economy ministry has announced that it has swapped Ar$4.34trn (US$21.66bn) in domestic debt in loans due to mature in March, April, May and June.... Read More
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- PANAMA/REGION: Warnings over surge in Darién crossings
- PERU: Castillo’s preventive detention extended to three years
- In brief: Peru holds interest rates for second consecutive month
- BRAZIL: Central bank downplays risk of credit crunch
- In brief: Brazil’s coffee exports slump
- In brief: Guatemala’s remittances up year on year
- MEXICO: Tensions with US intensify
- In brief: Inflation slows in Mexico
- ARGENTINA: Fernández conviction published
- In brief: Argentina completes domestic debt swap