Latin America

• Wednesday, September 1st 2021 - 09:54 UTC

  Latin America and Caribbean expected to grow 5.9% in 2021, ECLAC says

  

  A new “Economic Study of Latin America and the Caribbean” report released Tuesday by the Economic Commission for Latin America and the Caribbean (ECLAC) raised its growth forecast for the region from 5.2% in July to 5.9%.

• Wednesday, September 1st 2021 - 09:24 UTC

  Inflation-15 in Brazil reached a twelve-month 9,30% in August

  

  The anticipated inflation for the eighth month of the year in Brazil, which measures the second half of July and the first half of August, reached 0,89% according to the official stats office IBGE and is the highest since August 2002.

• Wednesday, September 1st 2021 - 09:20 UTC

  Chilean central bank surprises markets: basic interest rate doubled to 1,5%

  

  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.

• Wednesday, September 1st 2021 - 09:10 UTC

  Ecuador wants to become full member of the Pacific Alliance

  

  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.

• Wednesday, September 1st 2021 - 09:03 UTC

  Bolivia's economy shows positive signs of recovery

  

  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.

• Wednesday, September 1st 2021 - 08:58 UTC

  WHO names coronavirus Colombian strain “Mu” and says it is “of interest”

  

  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.

• Tuesday, August 31st 2021 - 09:45 UTC

  Mercosur meat exports facing shortage of containers and regular vessels

  

  Disruptions of global maritime transport and major rivers struck by insufficient water flow to allow vessels to navigate are threatening beef exports Mercosur, including Brazil, Uruguay and Paraguay, when prices for food commodities are rising all over the world.

• Tuesday, August 31st 2021 - 08:58 UTC

  Piñera's “Ten Pillars” to save water in drought stricken Chile

  

  Chile presented on Monday a “Plan to combat Drought” to increase the provision of water and improve its efficient use thus ensuring the supply for human consumption and the production of food.

• Tuesday, August 31st 2021 - 08:53 UTC

  Argentina, Cuba ratify willingness to strengthen bilateral ties

  

  Argentina's International Economic Relations Secretary Jorge Neme held a meeting Monday in Havanna with Cuba's Foreign Minister Bruno Rodríguez, during which both countries ratified their intention to strengthen bilateral ties.

• Monday, August 30th 2021 - 09:48 UTC

  New limits dispute arises between Chile and Argentina

  

  A new controversy regarding boundaries between Chile and Argentina has erupted following the issuance of charts allegedly violation of a 1984 treaty.