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LatinNews Daily - 4 February 2025
Main Briefing
On 3 February El Salvador’s President Nayib Bukele met with US Secretary of State Marco Rubio and said the country will sign a ‘safe third country’ migration agreement with the US, allowing Washington to use it as a destination for people it wants to deport, including criminals. ... Read More
Andean
On 3 February Ecuador’s President Daniel Noboa announced the imposition of a 27% tariff on Mexican imports.... Read More
*Peru’s economy and finance ministry has announced that public investment in January marked an all-time high for the month at PEN3.16bn (US$850.9m).... Read More
Brazil
On 3 February Brazil’s congress returned from its recess, which began on 23 December, and the new senate president Davi Alcolumbre gave a speech which included thinly veiled criticisms of the supreme court (STF).... Read More
*Brazil’s federal oil and gas regulatory agency (ANP) has released its production figures for 2024, which put oil and gas production at 4.32m barrels of oil equivalent per day (boepd).... Read More
Central America & Caribbean
*US Secretary of State Marco Rubio has celebrated Panama’s 2 February announcement that it will not renew its participation in China’s flagship infrastructure programme, the Belt and Road Initiative (BRI).... Read More
Mexico
On 3 February Mexico’s President Claudia Sheinbaum announced that US President Donald Trump had agreed to delay the imposition of tariffs on Mexico by one month.... Read More
*Mexico’s Finance Minister Rogelio Ramírez de la O has told investors that recession is “not part of our outlook” despite “external challenges [that] may temper economic activity”.... Read More
Southern Cone
On 3 February Argentina’s President Javier Milei gave a date for the country to end currency controls.... Read More
*Chile’s central bank (BCCh) has released its latest monthly index of economic activity (Imacec), a key measure used to anticipate GDP figures, revealing a 6.6% year-on-year increase in economic activity for December, marking the third consecutive month of growth and the biggest annual increase since January 2022.... Read More
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