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LatinNews Daily - 3 January 2025
Main Briefing
On 2 January Ecuador’s President Daniel Noboa appointed the national planning secretary, Sariha Moya, as vice president due to the “temporary absence” of Verónica Abad, who fell out with Noboa while still on the campaign trail and whom he has attempted to sideline by dispatching her to the Middle East for most of his presidency.... Read More
Andean
*Bolivia’s central bank (BCB) has announced that its net international reserves stood at US$1.98bn at the end of 2024, up from US$1.71bn at the end of 2023 but down from US$3.80bn at the end of 2022.... Read More
Brazil
On 2 December Brazil’s central bank (BCB) released figures showing that a net US$15.9bn flowed out of the country in 2024, the third highest annual outflow of capital since records began in 2008.... Read More
*Itaipú Binacional, the energy company co-owned by the Brazilian and Paraguayan governments, has announced that the Itaipú hydroelectric dam generated 67.1m megawatt hours (MWh) in 2024.... Read More
Central America & Caribbean
On 2 January Honduras’ security minister, Gustavo Sánchez, said that in three years the government had reduced the homicide rate from 41.7 per 100,000 inhabitants to a projected 26.8 per 100,000 in 2024.... Read More
*Honduras’ central bank (BCH) has released new inflation figures showing the monthly consumer price index (CPI) was 0.45% in December, bringing the year-on-year rate to 3.88% which the BCH says is the lowest for the close of a year for the last eight years.... Read More
Mexico
On 2 January Mexico’s President Claudia Sheinbaum stated that an article published by The New York Times (NYT) about a fentanyl production lab in Sinaloa state “lacked credibility”.... Read More
*Mexico’s central bank (Banxico) has released new figures which show that the country received US$5.44bn in remittances in November 2024, marking a 10.6% annual increase.... Read More
Southern Cone
On 2 January Argentina’s federal tax and customs agency Agencia de Recaudación y Control Aduanero (Arca) released figures showing Argentina’s tax take last year was Ar$131.36trn (US$127.32bn).... Read More
*Uruguay’s exports of goods totalled US$12.85bn in 2024, up 13% on 2023, according to the government’s annual report on foreign trade.... Read More
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- ECUADOR: Noboa moves against vice president
- In brief: Bolivia’s international reserves under pressure
- BRAZIL: New figures show rise in capital flight
- In brief: Drop in production for Brazil-Paraguay hydroelectric dam
- HONDURAS: Gov’t hails fall in homicides
- In brief: Honduras’ inflation down in annual terms
- MEXICO: Gov’t rejects NYT report on fentanyl production
- In brief: Remittances to Mexico rise
- ARGENTINA: Tax take down in real terms amid budget rollover
- In brief: Uruguay’s exports up in 2024