The Monetary Council of the Chilean central bank surprised markets on Monday by deciding to increase the basic interest rate 75 base points to 1,5%, the highest jump since August 2001. According to a bank release, the decision from the council was unanimous, and well beyond market expectations that had estimated an increase of 25 to 50 base points.
Ecuador has requested to become a full member of the Pacific Alliance, an issue that was discussed by the country's president Guillermo Lasso during a recent visit to his Mexican peer Andres Manuel Lopez Obrador. Mexico allegedly announced its full support for Ecuador to join the four countries, Mexico, Colombia, Peru and Chile block, considered the most dynamic of the Americas.
Bolivia's General Index of Economic Activity (IGAE) showed an 8.7% growth in the first semester of 2021, Economy and Public Finance Minister Marcelo Montenegro announced Tuesday.
The World Health Organization (WHO) has identified a new SARS-Cov-2 variant which has been named Mu and was first detected in Colombia last January.
Brazilian President Jair Bolsonaro Monday upped the ante in his feud with the country's Federal Supreme Court (STF) saying the body was preparing the ground to arrest him, under charges of being a threat to democracy.
The Chinese biologist Qu Dongyu, who has been serving as Director-General of the Food and Agriculture Organization of the United Nations (FAO), has called on Small Island Developing States (SIDS) to rely on innovation and digitalization to speed up the achievement of Sustainable Development Goals (SDGs).