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LatinNews Daily - 12 April 2024

Main Briefing
On 11 April Mexico’s government led by President Andrés Manuel López Obrador filed a formal request for the International Court of Justice (ICJ) to suspend Ecuador’s membership of the United Nations (UN) until it apologises for forcing entry into the Mexican embassy in Quito on 5 April.... Read More
Andean
In a session on 11 April Peru’s congress approved legislation allowing approximately US$7bn in private pension fund withdrawals but rejected a separate proposal for pension reform presented by the largest party in the legislature, the right-wing Fuerza Popular (FP) party.... Read More
*Peru’s central bank (BCRP) has lowered its benchmark interest rate by 25 basis points to 6.0%, a 20-month low.... Read More
Brazil
On 11 April Brazil’s President Luiz Inácio Lula da Silva vetoed part of a bill (PL 2253/2022) which proposed abolishing the right for some prisoners to be given temporary leave to be re-united with loved ones on special occasions.... Read More
*Brazil’s national statistics institute (Ibge) has released its latest retail sales figures, showing a monthly rise in sales volume of 1.0% in February, the second consecutive month in which a monthly increase has been registered.... Read More
Central America & Caribbean
On 11 April Guatemala’s 160-member unicameral legislature blocked a 30-day state of calamity decreed by President Bernardo Arévalo the previous day in response to forest fires.... Read More
*The Dominican Republic’s central bank (BCRD) has released new figures which show that monthly inflation stood at 0.30% in March, while the annual rate was 3.38%.... Read More
Mexico
*Mexico’s national statistics institute (Inegi) has published the latest data for its monthly index of industrial activity (Imai), showing that industrial production decreased by 0.1% in monthly terms in February.... Read More
Southern Cone
On 11 April Argentina’s umbrella trade union movement Confederación General del Trabajo (CGT) announced that it would stage a second general strike in protest against the right-wing libertarian government led by President Javier Milei.... Read More
*Argentina’s central bank (BCRA) has announced it is lowering the country’s benchmark interest rate by 10 basis points to 70%.... Read More

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