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Friday, 20 December 2024
COLOMBIA: Petro signs off on diminished 2025 budget
On 19 December Colombia’s President Gustavo Petro announced that he had promulgated his government’s 2025 budget, which was rejected by congress in September, by decree – albeit for Col$12trn (US$2.7bn) less than he had originally planned after congress rejected a tax reform bill on 11 December.
Friday, 20 December 2024
BRAZIL: Central bank intervenes to stabilise currency
On 19 December the value of the Brazilian real improved from the previous day, closing the day at R$6.12 to the US dollar, according to the state news agency, providing some relief amid the currency’s recent volatility.
Friday, 20 December 2024
MEXICO: Gov’t moves to protect textile industry
On 19 December Mexico’s President Claudia Sheinbaum signed a decree to increase tariffs on a range of products in a bid to protect the country’s textile industry.
Friday, 20 December 2024
CHILE/ARGENTINA: Boric calls on Milei to tone it down
On 19 December Chile’s President Gabriel Boric called for Javier Milei, Argentina’s right-wing president, to show more “humility”.
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