On September 10, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Brazil. Economic performance has been better than expected, in part due to the authorities’ forceful policy response. GDP regained its pre-pandemic level in 2021Q1 and momentum continues to be favourable, supported by booming terms of trade and robust private sector credit growth.
As expected the Brazilian central bank on Wednesday increased a whole percentage point of its basic Selic interest rate to 6,25%, the fifth in a row and the highest in two years. The Monetary Policy Committee, Copon unanimously voted for the increase in an attempt to contain inflation.
In what became Juan Manzur's first appearance as Cabinet Chief, the Government of Argentina Tuesday announced a gradual reopening of its borders as of October 1 as well as other measures lifting COVID-19 restrictions.
Brazil's President Jair Bolsonaro Tuesday highlighted his policies, economic or otherwise, during his opening speech at the 76th United Nations General Assembly in New York City.
President Jair Bolsonaro highlighted on Tuesday, in New York, Brazil's work on environmental preservation and the fight against climate change. He also emphasized that he always defended fighting the virus and unemployment simultaneously and with the same responsibility, and claimed lockdowns have “left a legacy of inflation, particularly in foodstuffs around the world.”
The International Association of Antarctica Tour Operators (IAATO) is preparing for the start of the Antarctic travel season following months of discussion and collaboration with Antarctic gateways.
Brazil's President Jair Bolsonaro was pictured Sunday evening eating pizza in the streets of New York City after not being allowed into any local restaurant because he is not vaccinated against COVID-19.
In the Chilean cities of Osorno and Puerto Montt, the local chambers of commerce have asked that requirements for Argentine tourism arriving by air be simplified.
The Cristo Redentor (officially the Los Libertadores International Pass) connecting Mendoza and Chile has been reopened for the Argentines and foreign residents to return to the country, it was announced.
The World Health Organization announced the appointment of The Rt Hon Gordon Brown, former Prime Minister of the United Kingdom, as WHO Ambassador for Global Health Financing. Mr Brown is widely credited with preventing a second Great Depression through his stewardship of the 2009 London G20 summit. He mobilized world leaders to commit an additional US$ 1.1 trillion to restore credit, growth and jobs to help the world economy through the global financial crisis.