LatinNews Daily - 16 May 2023

Main Briefing
On 15 May the Ejército de Liberación Nacional (ELN) guerrilla group announced a “pause” in peace talks with the Colombian government in response to criticism of the group by President Gustavo Petro.... Read More
* Peru’s national statistics institute (Inei) has announced that the economy contracted by 0.43% in the first quarter of 2023 compared with the same period last year.... Read More
On 15 May, Brazil’s government submitted to congress an updated draft of its proposed fiscal framework bill, after Finance Minister Fernando Haddad discussed the changes with the president of the lower house of congress, Arthur Lira, and a deputy from Lira’s centre-right Progressistas party, Cláudio Cajado, an author of the bill who made the formal submission.... Read More
* Brazil’s agriculture ministry has released its latest forecast regarding the sector’s gross production value (known as VBP), which it expects will reach R$1.22trn (US$250bn) in 2023, up 4.7% on the R$1.16trn registered in 2022.... Read More
Central America & Caribbean
On 15 May Monitoreo Azul y Blanco, a Nicaraguan organisation which monitors human rights violations, reported that 18 people had been arbitrarily detained across the country.... Read More
* Nicaragua’s central bank (BCN) has released a new report stating that the country’s net international reserves totalled US$4.9bn in April, up by US$61.7m compared with March and US$511m compared with December 2022.... Read More
On 15 May, Mexico’s President Andrés Manuel López Obrador commemorated the country’s national day of the teacher by announcing a pay increase for teachers and education workers.... Read More
*Mexico’s central bank (Banxico) has announced that the peso has reached an exchange rate of M$17.42 to the US dollar.... Read More
Southern Cone
On 15 May Argentina’s opposition Propuesta Republicana (PRO) held a party summit to discuss the provincial election defeats at the hands of the ruling Partido Justicialista (PJ, Peronists) the previous day.... Read More
* Chile’s lower chamber has approved a new bill tabled by the justice ministry which establishes a complete catalogue of economic and environmental crimes, in particular targeting ‘white-collar’ crime.... Read More

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