Latin America

Thursday, April 30th 2020 - 08:21 UTC
Paraguay one of the countries to first bounce back after post coronavirus

Mercosur member Paraguay has a high likelihood of bouncing back best once the novel coronavirus is contained, Rebeca Grynspan, head of the Ibero-American General Secretariat (SEGIB), told Radio Nacional del Paraguay on Thursday.
Thursday, April 30th 2020 - 05:56 UTC
EU and Mexico finalize upgrade of free trade deal with reciprocal market access

The European Union and Mexico finalized a major upgrade to their free trade deal on Tuesday after the two sides agreed to grant reciprocal market access to each other’s tenders for public contracts.
Wednesday, April 29th 2020 - 09:41 UTC
Uruguay and Argentina presidents discuss the future of Mercosur

Uruguayan president Luis Alberto Lacalle Pou and his Argentine peer, Alberto Fernandez held a half-hour video conference Tuesday mid-morning to address the recent decision by the current Argentine administration to freeze Mercosur free trade negotiations with potential new partners and instead concentrate efforts in overcoming the COVID-19 pandemic and its sanitary, social, economic and employment consequences.
Tuesday, April 28th 2020 - 07:12 UTC
Colombia's oil company raises funds in bonds market and plans to cut production

Colombia’s Ecopetrol said on Monday it raised US$ 2 billion through more than a doubly subscribed bond issue. Majority state-owned Ecopetrol issued 10-year paper due April 29, 2030, with a 7% yield.
Monday, April 27th 2020 - 07:40 UTC
New Interior minister in Peru following the Coronavirus death of 17 police officers

Seventeen police officers in Peru have died after contracting novel coronavirus while enforcing the nation's pandemic lockdown, officials and state media said. Authorities admitted earlier this week that at least 1,300 officers had been infected by COVID-19.
Saturday, April 25th 2020 - 08:01 UTC
Amazon indigenous tribes claim to UN, Peru is responsible of “ethnocide by inaction”

Indigenous tribes in Peru's Amazon say the government has left them to fend for themselves against the coronavirus, risking “ethnocide by inaction,” according to a letter from natives to the United Nations and the Inter-American Commission on Human Rights.
Tuesday, April 21st 2020 - 08:52 UTC
Ecuador receives temporary reprieve to defer interest payments

Ecuador received a temporary reprieve over the weekend when the government announced that a sufficient number of investors had agreed to a consent solicitation to defer interest payments.
Monday, April 20th 2020 - 08:41 UTC
Chile has more than 10.000 virus tested positive cases; Magallanes Region, 553

Chile reported on Sunday that there were more than 10,000 people in the country with the coronavirus, the third-highest tally in Latin America, as the disease ravages the economy of the world's top copper producer.
Saturday, April 18th 2020 - 08:56 UTC
Overwhelmed by the pandemic, Ecuador on the cliff of a US$ 17bn default

The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city.
Wednesday, April 15th 2020 - 13:14 UTC
As demand from China and G7 members plunges, LAC faces sharp decline in growth, World Bank report

The Latin America and Caribbean (LAC) region is seeing a sharp decline in growth due to the COVID-19 (coronavirus) crisis, which requires several policy responses to support the most vulnerable, avert a financial crisis, and protect jobs, according to a new report from the World Bank.