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LatinNews Daily - 25 May 2023
Main Briefing
On 24 May three people were killed and at least 10 wounded in a terrorist attack in Tibú municipality, in Colombia’s north-eastern department of Norte de Santander.... Read More
Andean
* Technical issues in a Colombian gas pipeline have resulted in widespread shortages of gas in the country’s south-west, with local media reporting that over 1m citizens may be affected.... Read More
Brazil
On 24 May Brazil’s lower house of congress completed the approval of the government’s proposed legislation for a new framework of fiscal discipline rules.... Read More
* Brazil’s state-controlled oil company Petrobras has announced plans to appeal the decision by the federal environmental enforcement agency (Ibama) to block a proposed offshore oil exploration project near the mouth of the Amazon river.... Read More
Central America & Caribbean
On 24 May El Salvador’s President Nayib Bukele named Colombia’s Andrés Guzmán Caballero as his presidential commissioner for human rights and freedom of expression.... Read More
* Nicaragua’s central bank (BCN) has released new figures which show foreign cooperation to the country in 2022 totalled US$958.3m in 2022, down 34.3% on 2021.... Read More
Mexico
On 23 May Marko Cortés, the leader of Mexico's right-wing Partido Acción Nacional (PAN), proposed that candidates should demonstrate the support of at least 1% of voters (about 1m signatures) on the electoral roll to qualify to win the 2024 presidential nomination for the opposition Va por México coalition.... Read More
* US financial giant Citigroup has announced that it has halted talks to sell its controlling stake in Mexico’s Banamex retail bank, one of the country’s largest retail banks, and instead will sell its shares in an initial public offering (IPO).... Read More
Southern Cone
On 24 May a new measure took effect in Argentina, implemented by the country’s securities regulator, Comisión Nacional de Valores (CNV), imposing a 15-day holding period for US dollars obtained through MEP and CCL operations (used for debt repayments).... Read More
* The president of Chile’s central bank (BCCh), Rosanna Costa, has defended the bank’s countercyclical move the previous day to raise capital requirements on financial institutions, a measure that tightened credit conditions amid concerns over Chile’s vulnerability to a potential global shock.... Read More
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- COLOMBIA: Terrorist attack underlines security threats in border regions
- In brief: Gas shortages hit southwestern Colombia
- BRAZIL: Fiscal framework bill approved in lower house
- In brief: Brazil’s Petrobras to appeal ban on Amazon oil project
- EL SALVADOR: Bukele names new human rights commissioner
- In brief: Foreign cooperation down in Nicaragua
- MEXICO: Va por México debates 1m signatures rule
- In brief: Citigroup drops plans to sell stake in Mexico’s Banamex
- ARGENTINA: More actions to tighten foreign currency controls
- In brief: Chile’s central bank defends countercyclical capital buffer