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.
The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.
The Lima Group, a regional bloc comprised mostly of Latin American nations, said on Tuesday that it does not “recognize the legitimacy or legality of the National Assembly installed on January 5” in Venezuela.
Argentina is holding the pro tempore rotating chair of Mercosur during the next six months and three are its main objectives during that period according to foreign ministry sources in Buenos Aires. They include Bolivia, the Falklands/Malvinas claim and trade accords and negotiations with other countries.
The International Contact Group issued a statement on Tuesday to reject the parliamentary elections organized by the dictatorship of Nicolás Maduro last Sunday in Venezuela. The block indicated that the electoral process did not comply “with the conditions accepted internationally, nor with the Venezuelan laws.”
Luis Arce was sworn in as Bolivia’s new president on Sunday, bringing to a close a turbulent period characterized by political and social turmoil after former president Evo Morales left the government in November following a disputed election.
Néstor, in history and in my heart, said Argentine President Alberto Fernández emotionally, along with a video recalling his relationship with his former political mentor, former President Néstor Kirchner (2003-2007) on the tenth anniversary of the former president's surprising death.
Countries of Latin America and the Caribbean must continue to ratchet up stimulus to beat back the devastating economic impacts of the coronavirus pandemic, the UN agency ECLAC said in a report issued this week.