Argentina is not an easy country to manage, particularly when institutions are weak and governments lack credibility. Such was the experience of president Alberto Fernandez during a visit to Patagonia to announce support for residents that suffered the devastation caused by forest fires in the region.
International Investment Bank Morgan Stanley has shifted its long-held view on Argentina sovereign credit to “like,” as risks were flexed upside after a lot of bad news had been priced into bonds, including, increasingly, a delay to an IMF program and a further complication with the Club of Paris payment.
Brazil has surpassed India to become the second worst-hit country from the coronavirus disease (Covid-19) pandemic. With 11,483,370 cases and 278,327 deaths, Brazil is now one spot behind the United States, which is the worst-affected globally with more than 30 million cases and 546,605 deaths, according to figures by WorldMeters.
The UK has ratified the International Agreement on Taxation and the Protection of Financial Interests between the United Kingdom of Great Britain and Northern Ireland and the Kingdom of Spain regarding Gibraltar.
Commercial air links between Chile and Brazil and the Falkland Islands are expected to resume next July according to Aviacionline, an air industry site that revealed it obtained the information through Cirium which specializes in aviation and travel data and analytics.
Former Bolivian interim president Jeanine Anez said on Friday that she and former Cabinet members faced arrest over an alleged coup. In a tweet, she said, The political persecution has begun. Prosecutors accused them of terrorism and sedition related to the ouster of long-time leader Evo Morales.
The Inter-American Development Bank (IDB) announced a first-of-its kind initiative that would help Latin American and Caribbean countries better compete to obtain lifesaving COVID-19 vaccines. The instrument would help both countries and vaccine makers resolve indemnity obligations, thereby removing a key obstacle to vaccine contract negotiations.
The Argentine government has extended until 31 December the current sanitary emergency first decreed on 12 March 2020, just days ahead of the social, preventive and mandatory distancing to contain the effects of the pandemic.
An Interpol coordinated ‘EL PAcCTO’ operation (20 November– 5 March) has seen a team of investigators from across Latin America locate and arrest 13 of their most wanted fugitives.
UK/European Union trade contracted in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides.