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LatinNews Daily - 19 May 2023
Main Briefing
On 18 May, Mexico’s supreme court (SCJN) invalidated a decree which declared infrastructure projects carried out by the federal government to be an issue of national security and public interest.... Read More
Andean
On 18 May, Ecuador’s national electoral council (CNE) began the process of organising the snap general election triggered by President Guillermo Lasso’s dissolution of congress the previous day.... Read More
* The International Monetary Fund (IMF) has maintained Peru’s US$5.3bn flexible credit line (FCL) arrangement, following a mid-term review of the FCL approved in May 2022.... Read More
Brazil
On 18 May, Senator Randolfe Rodrigues announced his resignation from Brazil’s environmentalist party, Rede Sustentabilidade (Rede), which is part of the ruling Partido dos Trabalhadores (PT)-led coalition of President Luiz Inácio Lula da Silva.... Read More
* The Companhia Nacional do Abastecimento (Conab), the logistics arm of Brazil’s agriculture ministry, has updated its forecast for the 2023 coffee harvest, predicting that Brazil’s coffee producers will collect 54.74m sacks of coffee this year (one sack = 60kg).... Read More
Central America & Caribbean
On 18 May Honduras’s national penitentiary institute (INP) reported that a prisoner was shot dead and two others were injured in a brawl in the ‘El Pozo’ maximum security prison in Ilama municipality, Santa Bárbara department.... Read More
* The International Monetary Fund (IMF) has announced a staff-level agreement (SLA) with Suriname’s government, subject to approval by the IMF’s executive board, on the second review of Suriname’s economic reform programme supported by the 36-month extended fund facility (EFF).... Read More
Mexico
*Mexico’s central bank (Banxico) has announced that it is holding its benchmark interest rate at 11.25%, breaking a rate-hiking cycle of almost two years.... Read More
Southern Cone
On 18 May a supreme court magistrate in Paraguay ratified the charges brought against the populist anti-system presidential candidate, Paraguayo Cubas, who is being detained for instigating protests against the results of the 30 April elections which he denounced as fraudulent.... Read More
* Chile’s central bank (BCCh) has released new figures which show that the country’s GDP in the first quarter of 2023 increased 0.8% compared with the previous quarter but was down 0.6% in annual terms.... Read More
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- MEXICO: López Obrador and supreme court lock horns
- ECUADOR: Gearing up for early general election
- In brief: IMF maintains Peru’s flexible credit line
- BRAZIL: Oil project exposes fissures in ruling coalition
- In brief: Lower annual rise forecast for Brazil’s coffee harvest
- HONDURAS: Another deadly prison incident
- In brief: Suriname and IMF reach staff-level agreement
- In brief: Mexico’s Banxico ends rate hiking cycle
- PARAGUAY: Cubas charges draw line under protests
- In brief: Chile’s Q1 GDP edges up in quarterly terms