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LatinNews Daily - 09 April 2024
Main Briefing
On 8 April Ecuador’s President Daniel Noboa described last week’s police incursion into the Mexican embassy in Quito as part of a “complex and unprecedented situation” amid signs that the crisis could have a significant domestic political cost for his government.... Read More
Andean
*The Venezuelan independent economic think tank Observatorio Venezolano de Finanzas (OVF) has calculated that Venezuela’s monthly inflation rate in March was 3.9%, bringing the annual inflation rate to 89%.... Read More
Brazil
On 8 April Brazil’s supreme court (STF) concluded hearing a case in which all 11 of the court’s justices ruled that the armed forces cannot act as a “moderating power” between the executive, legislative, and judicial branches.... Read More
*Brazil’s national association of vehicle manufacturers (Anfavea) has released its latest production and sales figures, showing that 195,800 vehicles were produced in March, while monthly domestic sales totalled 187,700 units.... Read More
Central America & Caribbean
On 8 April Haiti’s national police (PNd’H) announced that it had recovered a hijacked cargo ship ‘Magalie’ following a gun battle with gangs.... Read More
*El Salvador’s government led by Nayib Bukele has announced that it is offering to buy back some of its dollar bonds from investors according to a government statement.... Read More
Mexico
Tax breaks designed to benefit Mexico’s state oil company Pemex are having an unintended financial side effect, reducing revenues for state and municipal governments, according to a report published on 8 April by credit ratings agency Moody’s Local Mexico.... Read More
*Mexico’s national social security institute (IMSS) has released a new report showing it had registered 22.28m jobs as of 31 March 2024 – a drop from the 22.29m it had registered at the end of February.... Read More
Southern Cone
On 8 April three prosecutors in Paraguay separately raised concerns with judicial authorities regarding the recent reinstatement of three senators’ parliamentary immunity. ... Read More
*Chile’s national statistics institute (INE) has released the latest figures for the consumer price index, showing that inflation slowed to 0.4% in March, down from 0.6% in February.... Read More
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- ECUADOR: Noboa sounds semi-conciliatory note in Mexico dispute
- In brief: Think tank reports rise in Venezuela’s inflation
- BRAZIL: Supreme court limits military interventions
- In brief: Rise in Brazil’s vehicle production and sales
- HAITI: Police-gang clashes continue
- In brief: El Salvador unveils plans to repurchase dollar bonds
- MEXICO: Helping Pemex puts the squeeze on local government
- In brief: Mexico registers job losses in March
- PARAGUAY: Prosecutors raise concerns about cases of political immunity
- In brief: Inflation slows in Chile