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LatinNews Daily - 02 May 2023
Main Briefing
On 1 May Paraguay’s electoral authority (TSJE) confirmed that the ruling Asociación Nacional Republicana-Partido Colorado (ANR-PC) won the presidency, a historic majority in the senate and the lower chamber of congress, and almost a clean sweep of Paraguay’s 17 governorships in the general election the previous day.... Read More
Andean
On 30 April, US Justice Department officials announced that the Office of Foreign Assets Control (OFAC) would not block a court-ordered sale of shares in PDV Holding – the parent company of Citgo, the US subsidiary of Venezuela’s state oil company Petróleos de Venezuela (Pdvsa), which has been targeted by creditors seeking repayment of debt owed by the Venezuelan state.... Read More
* Colombia’s central bank (BCR) has raised the benchmark interest rate by 25 basis points to 13.25%.... Read More
Brazil
On 30 April, Brazil’s federal police (PF) announced that four illegal gold miners (‘garimpeiros’) had been killed following clashes with the authorities in protected Yanomami territory in the northern state of Roraima, while the previous night a member of the Yanomami community was shot dead by garimpeiros.... Read More
* Brazil’s central bank (BCB) has released the latest economic activity index (IBC-Br), which is used to anticipate GDP figures.... Read More
Central America & Caribbean
On 1 May hundreds of workers took to the streets in El Salvador’s capital, San Salvador, to mark International Labour Day.... Read More
* The Costa Rican authorities and International Monetary Fund (IMF) have reached a staff-level agreement on the completion of the fourth review of the authorities’ reform programme supported by the IMF’s Extended Fund Facility (EFF), and the first assessment of reform measures under the Resilience and Sustainability Facility (RSF) Arrangement.... Read More
Mexico
On 1 May, Mexico’s President Andrés Manuel López Obrador expressed his support for senators of the ruling Movimiento Regeneración Nacional (Morena) party and allied parties, following their rapid approval of a series of reforms days earlier.... Read More
* Mexico’s national statistics institute (Inegi) has released the latest figures on its quarterly estimation of GDP growth, showing that economic activity increased by 1.1% in the first quarter of 2023, as compared to the previous quarter.... Read More
Southern Cone
* Chile’s national statistics institute (INE) has released the latest employment figures which show that unemployment stood at 8.8% in the January to March rolling quarter.... Read More
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- PARAGUAY: Colorados cement control
- VENEZUELA: OFAC to stop shielding Citgo parent from creditors
- In brief: Colombia raises interest rates
- BRAZIL: Deadly violence on Yanomami territory
- In brief: Rise in Brazil’s economic activity in February
- EL SALVADOR: Gov’t faces various protests on Labour Day
- In brief: IMF and Costa Rica reach new staff-level agreement
- MEXICO: Senate approves raft of reforms in speed session
- In brief: Mexico continues to post solid GDP growth
- In brief: Unemployment in Chile increases