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LatinNews Daily - 17 March 2023

MAIN BRIEFING
On 16 March, Colombia’s government led by President Gustavo Petro presented a flagship labour reform bill that aims to reduce working hours and boost overtime pay, but which critics say would threaten job creation.... Read More
ANDEAN
* Ecuador’s political opposition has opened impeachment proceedings against President Guillermo Lasso.... Read More
BRAZIL
On 16 March, Brazil’s federal police (PF) launched an investigation into the national intelligence agency (Abin), following reports it used software to illegally monitor ordinary citizens’ mobile phones during previous governments. ... Read More
* The European Union (EU)’s commissioner for competition, Margrethe Vestager, has begun a two-day visit to Brazil for meetings with political authorities and business representatives.... Read More
CENTRAL AMERICA & CARIBBEAN
On 16 March supporters of the indigenous presidential contender Thelma Cabrera staged demonstrations across Guatemala to demand the resignation of the magistrates sitting on the supreme electoral tribunal (TSE) for barring her from competing in elections on 25 June.... Read More
* Panama’s economy & finance (MEF) minister, Héctor Alexander, has signed an agreement with the Japan International Cooperation Agency (JICA), a governmental agency, for a second loan for construction of line 3 of the Panama City metro.... Read More
MEXICO
On 16 March, Mexico’s President Andrés Manuel López Obrador highlighted the economic achievements of his government at the 86th national banking convention in Mérida, capital of Yucatán state.... Read More
* Mexico’s economy (SE) and labour (STPS) ministries have released a joint statement saying a government investigation had found “serious irregularities” at a Manufacturas Vu auto parts factory in Piedras Negras municipality, Coahuila state.... Read More
SOUTHERN CONE
On 16 March Paraguay’s President Mario Abdo Benítez met his Brazilian peer Luiz Inácio Lula da Silva in the Brazilian border city of Foz do Iguaçu, where they both pledged to develop the ‘bi-oceanic corridor’ as well as to renegotiate the 50-year-old agreement governing the operation of the giant, jointly-owned Itaipú hydroelectric project.... Read More
* Argentina’s central bank (BCRA) has announced it is raising its benchmark interest rate to 78%.... Read More

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