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LatinNews Daily - 24 May 2023
Main Briefing
On 23 May Ecuador’s national electoral council (CNE) confirmed 20 August as the date for general elections following the dissolution of congress by President Guillermo Lasso, who has said he is not seeking re-election.... Read More
Andean
* The US Treasury Department’s Office of Foreign Assets Control (Ofac) has issued a new general licence authorising four US firms to make transactions involving Venezuela’s state oil company Petróleos de Venezuela (Pdvsa).... Read More
Brazil
On 23 May Brazil’s lower house of congress held the first session of a select committee inquiry (CPI) into the activities over recent months of the landless workers’ movement Movimento dos Trabalhadores Sem Terra (MST).... Read More
* The lower house of Brazil’s congress has approved the base text of the government’s proposed fiscal framework bill, a major boost for the government led by President Luiz Inácio Lula da Silva in its efforts to appease investors with new objectives and limits on government spending.... Read More
Central America & Caribbean
On 23 May Panama’s former president Ricardo Martinelli (Cambio Democrático, 2009-2014) was among various people to go on trial for the so-called ‘New Business’ case, involving alleged money laundering linked to the 2010 acquisition of a media conglomerate, Editor Panamá América (Epasa).... Read More
* The World Bank (WB) has released a new country climate change and development report (CCDR) warning of the impact of climate change on Honduras, which historically has been highly exposed to extreme natural hazards.... Read More
Mexico
On 23 May Mexico’s President Andrés Manuel López Obrador said that the government will consider buying a controlling stake in the Banamex retail bank, amid rumours that Grupo México, the main prospective buyer, might pull out of the US$7bn transaction.... Read More
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Southern Cone
On 23 May Erico Galeano, a congressional deputy for Paraguay’s ruling Asociación Nacional Republicana-Partido Colorado (ANR-PC), refused to renounce his parliamentary immunity from prosecution and professed himself to be a victim of “pitiless political persecution” after being accused of money laundering and criminal association.... Read More
* Argentina’s national statistics institute (Indec) has released the latest figures on economic activity, which it estimated to have grown by 0.1% in March compared to the previous month in seasonally adjusted terms.... Read More
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- ECUADOR: Lasso plans last-ditch reform agenda as election date is set
- In brief: US loosens sanctions on Venezuela’s oil sector
- BRAZIL: Congress begins inquiry into landless workers’ movement
- In brief: Brazil’s fiscal framework bill clears initial hurdle
- PANAMA: High-profile trial begins
- In brief: New report warns of climate change impact in Honduras
- MEXICO: President toys with the idea of buying Banamex
- In brief: Mexico’s private sector highlights nearshoring impact potential
- PARAGUAY: Ruling Colorados hit by new drug links
- In brief: Argentina’s economic activity posts marginal monthly growth