The Economic Commission for Latin America and the Caribbean (ECLAC) raised its average growth estimate for the region in 2021 to 5.2%, reflecting a rebound from the deep contraction of 6.8% registered in 2020 as a consequence of the adverse effects of the COVID-19 pandemic.
Pedro Francke, a 60-year-old economy professor and advisor to presidential frontrunner Pedro Castillo, has announced “there will be no expropriations, no nationalization, or price controls” in Peru, the Madrid daily El País reported.
Argentina's inflation in May was 3.3% for a year-on-year accumulation of 48.8%, the highest mark since March 2020, according to the National Institute of Statistics and Census (INDEC)
Mexico's foreign minister on Friday criticized the work of the head of the Organization of American States, Uruguayan born Luis Almagro, adding to its earlier rebuke that the group should not intervene in Bolivia's internal affairs.
Contrary to expectations, Guillermo Lasso Sunday surprisingly beat Andrés Arauz to become Ecuador's next president. Lasso, a conservative, was a sure winner in the evening as 97.91% of the votes were counted.
The Argentine government of President Alberto Fernández Wednesday confirmed the country had decided to withdraw from the so-called Lima Group, a consortium formed with Brazil, Canada, Chile, Colombia, Costa Rica, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru, Guyana, and Saint Lucia. Barbados, the United States, Grenada, and Jamaica to isolate the Venezuelan administration headed by Nicolás Maduro.
Brazilian President Jair Bolsonaro said on Tuesday that the arrest of former interim Bolivian President Jeanine Áñez over the weekend seemed unreasonable, adding he sees the situation in Bolivia as a cause for concern.
Venezuela announced on Wednesday that the head of the European Union's delegation in Caracas had 72 hours to leave the country and declared her persona non grata after the bloc imposed new sanctions on Venezuelan officials this week.
Fitch Ratings forecasts Latin American economies will rebound this year from the 2020 recession but risks remain in particular because of the evolution of the COVID-19 pandemic.
Argentina on Thursday became one of just a handful of Latin American countries to allow elective abortion, as neighboring Chile initiated its own debate on decriminalizing a procedure denied to most women on the continent. President Alberto Fernandez signed a law that allows abortion until 14 weeks of pregnancy that was passed by the Senate on December 30.