Stories for January 2023

Thursday, January 19th 2023 - 10:02 UTC
Paraguay's Central Bank foresees 4% inflation for 2023

Paraguay's Central Bank (BCP) will target a 4% inflation for the year 2023 after a slowdown has already been detected, BCP Chief Economist Miguel Mora said Wednesday. The monetary authority will also seek to guarantee price stability for local consumers despite a depreciation of the guaraní (₲) against the US dollar.
Thursday, January 19th 2023 - 09:59 UTC
IMF and IDB willing to help Brazil manage spending cap

Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.
Thursday, January 19th 2023 - 09:56 UTC
World in a “sorry state” and “the climate battle is being lost,” UN Guterres to Davos Summit

United Nations Secretary-General Antonio Guterres said the world is in a “sorry state,” adding the climate “battle is being lost” and every week brings “a new climate horror”.
Thursday, January 19th 2023 - 09:50 UTC
Brazil's Agriculture GVP 2022, second highest in 34 year period; in 2023 GVP forecast 6,3% higher

Brazil’s Gross Value of Agricultural Production (GVP) reached BRL 1.189 trillion in 2022, according to the country’s Ministry of Agriculture with crops generating BRL 814.77 billion and livestock BRL 374.27 billion. This is the second-highest figure on a 34-year-long record.
Thursday, January 19th 2023 - 09:38 UTC
NZ Prime Minister Ardern stepping down shortly

Prime Minister Jacinda Ardern Thursday announced that she would be leaving her post no later than February 7, while the Labor Party is to choose a new leader in three days. Ardern came to power in 2017 with a coalition government and then led her center-left party to a sweeping victory in the 2020 elections, but her popularity and that of her party have fallen in recent polls.
Thursday, January 19th 2023 - 07:50 UTC
Argentine announces repurchase of debt bonds

Argentina's Superminister of Economy, Agriculture, and Production Sergio Massa Wednesday announced he had instructed his team to launch a “debt repurchase” process for over US$ 1 billion “to improve the debt profile and continue lowering the country risk,” while bringing it closer to accessing foreign credit.
Wednesday, January 18th 2023 - 23:49 UTC
Lula da Silva has the “impression” that Bolsonaro knew about attacks in Brazil

Brazilian President Luiz Inácio Lula da Silva said on Wednesday that after the coup attempt that took place on January 8 he had the “impression” that former president Jair Bolsonaro “knew about everything”, during an exclusive interview with Globonews news channel.
Wednesday, January 18th 2023 - 20:37 UTC
Latin America's largest green hydrogen plant to start production in March

Chile plans to start producing and exporting green hydrogen-based synthetic gasoline when the Haru Oni plant, owned by Highly Innovative Fuels (HIF), starts operating in March 2023, it was reported.
Wednesday, January 18th 2023 - 20:29 UTC
Record Amazon deforestation reached last year

According to a report released Wednesday by Brazil's Institute of Man and Environment of the Amazon (Imazon), deforestation in 2022 hit new highs, with 10,573 km² of forest vegetation lost, Agencia Brasil reported. That surface is tantamount to that of nearly 3,000 football fields, it was explained.
Wednesday, January 18th 2023 - 20:25 UTC
UN Secretary-General warns many countries are on the brink of recession

United Nations Secretary-General António Guterres denounced Wednesday during his appearance before the World Economic Forum (WEF) in Davos, Switzerland, that many countries were on the brink of recession, amid growing inflation in economies still to recover from the Covid-19 pandemic.