Latin American corporate credit indicators point to an improving economic and operating environment for most countries across the region in 2021, according to a series of new reports from Fitch Ratings.
The Peruvian government enacted a law that allows citizens a second withdrawal of funds from the private pension system in order to ease the economic blow from the coronavirus pandemic, according to the official newspaper El Peruano.
Peru’s interim president appointed veteran economist Waldo Mendoza as his finance minister in a bid to shore up investor confidence shaken by political turmoil. Interim President Francisco Sagasti swore in most of his 19-member ministerial team on Wednesday after becoming the country’s third leader in little more than a week.
The continuing coronavirus pandemic poses the most significant risk to Chile’s financial system as institutions’ capacity to take mitigating action diminishes, the country’s Central Bank warned in a report on Wednesday.
Chile’s world-leading copper industry will see investment lag for at least two years as the country rewrites a constitution that underpinned nearly three decades of mining growth in the South American nation.
Chile, the world’s largest producer of copper, will use nanoparticles of the metal to disinfect voting centers ahead of this weekend’s referendum on changing the constitution, the government said Wednesday.
The Chilean government is keeping close tabs on a large fleet of Chinese fishing vessels that has stirred up controversy further north along the Pacific coast of South America, Foreign Minister Andres Allamand said.
Chile said last week it would not sign the Escazu Agreement -- a decision that generated surprise and disappointment among environmentalists because along with Costa Rica, Santiago has promoted it since 2012.
Protesters in Santiago defied a citywide lockdown meant to combat the spread of the coronavirus, barricading roads and looting early into the morning on Wednesday in support of a proposal to allow Chileans to withdraw part of their pensions amid the crisis.
Illegal, Unreported, and Unregulated (IUU). These three adjectives ultimately jeopardize the whole of the fisheries sector. IUU fishing can destroy the livelihoods of fishing communities, harm food security and nutrition, damage fair local and international trade, and often give way to unsafe and indecent working conditions, sometimes even crime.