Argentina’s economy shrank by 10 percent in 2020 due to the coronavirus pandemic, according to initial estimates published by the INDEC national statistics bureau. Data from the bureau’s Monthly Estimator of Economic Activity (EMAE), published Wednesday, revealed the economy fell by 2.2 percent in December, compared to the same month in 2019, although it was … Read more
The income chasm between the rich and poor in Latin America, dramatically exacerbated by the coronavirus pandemic, has led to efforts to tax the wealthy – though the reception has been uneven across various countries. The Latin American Network for Economic and Social Justice describes the region as “the most unequal in the world in terms … Read more
One of Argentina’s largest creditor groups have slammed the government, criticising the “erratic” policies of the Alberto Fernández administration and accusing it of dragging its feet during debt talks with the International Monetary Fund (IMF). The comments come just five months after the Ad Hoc Group of Argentina Exchange Bondholders agreed to sign up for … Read more
Latin America and the Caribbean, the region where the coronavirus caused the worst economic destruction and more than a quarter of the world’s deaths, is now falling victim to a slow inoculation campaign. Political fights and production bottlenecks are stymieing Brazil’s vaccination efforts. Mexico is struggling to source doses as its death toll surpasses India’s. … Read more
Brazil’s far-right president, Jair Bolsonaro, appointed an Army reserve general to lead state-owned energy giant Petrobras, after criticising several successive increases in the price of fuel. “The government decided to appoint Joaquim Silva e Luna to fulfill a new mission, as… president of Petrobras, after closing the cycle, exceeding two years, of the current president … Read more