Stories for 2023

Saturday, December 16th 2023 - 10:05 UTC
Argentina: Milei says burden on private sector is “transitory”

Argentine President Javier Milei Friday released a live broadcast through his Instagram account explaining that “The effort that falls on the private sector is transitory.” The head of state added his administration was “focused on avoiding hyperinflation.”
Saturday, December 16th 2023 - 10:02 UTC
Presidential Spokesman warns Argentina going through hyperinflation

Argentina's Presidential Spokesman Manuel Adorni Friday confirmed his country was going through hyperinflation since the 1% daily rate mentioned earlier this week by Economy Minister Luis Toto Caputo would result in a 3,678% per annum.
Friday, December 15th 2023 - 10:55 UTC
Argentina: Inflation is 1% daily, Caputo says

Argentine Economy Minister Luis Toto Caputo said Thursday that inflation in his country stood already at 1% per day and insisted that measures were being taken to get out of this “financial catastrophe” through a classic orthodox stabilization plan. “We are in that process, but we are very confident,” he stressed.
Friday, December 15th 2023 - 10:50 UTC
Argentine granted CAF loan to face IMF maturities

The Argentine Government of President Javier Milei has been granted a loan of nearly US$ 1 billion by the Development Bank of Latin America and the Caribbean (CAF) to face maturities with the International Monetary Fund (IMF) later this month.
Friday, December 15th 2023 - 10:36 UTC
Brazil: Selic cut for fourth time in a row

Brazil's Central Bank (BCB) cut the Selic benchmark rate for the fourth consecutive time, from 12.25% to 11.75% per annum, in line with market expectations, it was reported in Brasilia. The Selic is now at its lowest level since reaching 10.75% in March 2022.
Friday, December 15th 2023 - 10:32 UTC
Venezuela and Guyana not to use force over Essequibo dispute

Presidents Nicolás Maduro of Venezuela and Irfaan Ali of Guyana agreed Thursday in St. Vincent and the Grenadines not to threaten each other or use force in any circumstances. The 11-topic understanding was reached in the first round of talks brokered by host Prime Minister Ralph Gonsalves as president pro-tempore of the Community of Latin American and Caribbean States (Celac).
Friday, December 15th 2023 - 10:20 UTC
Paraguayan exports grow 24% driven by agriculture

In the first eleven months of 2023, Paraguayan exports amounted to US$ 15.8787 billion, which represented a 24% interannual growth, it was reported in Asunción. The improvement was significantly explained by higher shipments of soybeans, rice, and soybean meal, which accounted for 69.3% of the sales abroad, reaching US$ 11,001.6 million, a 19.1% increase from November 2022.
Friday, December 15th 2023 - 10:11 UTC
Chile: Presidential pardonee arrested for kidnapping

A rioter who had been convicted for his involvement in the 2019 uprisings and later pardoned by Chilean President Gabriel Boric Font was arrested Thursday by Carabineros in Copiapó on kidnapping charges.
Friday, December 15th 2023 - 08:12 UTC
UK and Overseas Territories, “a modern partnership for a stronger British family”

The Government of the United Kingdom, and democratically elected Governments of the British Overseas Territories of Anguilla, Ascension, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, Gibraltar, Montserrat, Pitcairn Islands, St Helena, Tristan da Cunha, and Turks and Caicos Islands met on 14 to 15 November 2023 to decide the following Joint Declaration.
Thursday, December 14th 2023 - 17:49 UTC
Falkland Islands Government announces support scheme for tourist sector

Following the approval at ExCo on Tuesday 12 December, the Falkland Islands Government will now be able to provide details on a support scheme designed specifically to mitigate the effects of site closures associated with the highly pathogenic avian influenza (HPAI), also known as bird flu, on tourism businesses, operators and employees until 31 March 2024.