Economy & Business - March 2023

Mexico’s President Andrés Manuel López Obrador published two decrees in the official gazette (DOF) on 18 February.... Read More

At first sight the Plan Nacional de Desarrollo (PND), the national development plan unveiled by President Gustavo Petro on 6 February, could be labelled as a naïve pipe dream designed to rally Colombia’s people behind a common cause and its president.... Read More

Peru has been in varying degrees of turmoil since the impeachment and arrest of former president Pedro Castillo (2021-2022) on 7 December.... Read More

ECUADOR | Oil production slashed amid spill fears.... Read More

Brazil’s President Luiz Inácio Lula da Silva is beginning to advance on economic policy initiatives that had taken the back seat following the political upheaval of the 8 January storming of democratic institutions.... Read More

Half a century after Brazil and Paraguay signed the treaty that gave way to the construction of the Itaipú dam across the Paraná River, the company that runs the world’s second-largest hydroelectric plant on 28 February paid off the massive debt it incurred to build it.... Read More

Look around in Latin America and you will be hard pushed to find another government that is cutting taxes at a time of slowing economic growth and rising pressure for social spending.... Read More

CHILE | Trans-Pacific Partnership membership officialised.... Read More

International financial institutions have praised El Salvador’s recent efforts to repay creditors, but the resulting hit to social spending has pushed tens of thousands into extreme poverty.... Read More

The US government has announced a further US$950m in private sector investment for El Salvador, Guatemala, and Honduras under its Partnership for Central America programme, which aims to address the root causes of migration to the US.... Read More

The High Court in London has heard a case involving a foreign debt dispute between CRF 1, a Cayman Island registered investment fund, and the government of Cuba.... Read More

Jamaica has reaped praise for its macro-economic management in the latest Article IV consultation report written by the International Monetary Fund (IMF) and published on 8 February.... Read More

PANAMA | New free zones.... Read More

On 15 February, Mexican airline Aeromar, which served 21 domestic and three international destinations, announced that it would cease operating definitively after 35 years of services in Mexico, the US, and Cuba.... Read More

Mexico’s federal audit office, the Auditoría Superior de la Federación (ASF), which played a key role in uncovering major corruption scandals in the previous administration of former president Enrique Peña Nieto (2012-2018), presented the third and final part of its report on federal government expenditure for 2021 on 20 February.... Read More

A report on labour poverty by local think-tank México, ¿Cómo Vamos? published on 21 February, found that despite improvements recorded in the labour market by the end of 2022 the working situation for women in Mexico had worsened.... Read More

MEXICO | Inflation slows.... Read More