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LatinNews Daily - 9 May 2025
Main Briefing
On 8 May Panama’s President José Raúl Mulino said that there was nothing to negotiate with unions who have been staging a national strike since 23 April in rejection of the recently approved social security (CSS) reform, and security agreements struck last month with the US government led by President Donald Trump.... Read More
Andean
On 8 May the Venezuelan opposition leader María Corina Machado claimed that the “rescue” of five political dissidents trapped in the Argentine embassy in Caracas demonstrates the “vulnerabilities” of President Nicolás Maduro’s authoritarian government.... Read More
*Peru’s central bank (BCRP) has lowered its benchmark interest rate by 25 basis points to 4.50%, after holding it at 4.75% for three consecutive monetary policy meetings.... Read More
Brazil
On 8 May Brazil’s national space research institute (Inpe) released new figures showing that deforestation in the Amazon biome saw a 55% year-on-year increase in April.... Read More
*Brazil’s national association of vehicle manufacturers (Anfavea) has released the latest production figures for April, showing 228,200 units were produced.... Read More
Central America & Caribbean
*Guatemala’s attorney general’s office (AG) has carried out a raid on Puerto Quetzal, Guatemala’s largest Pacific Ocean port, located in Escuintla department, citing a complaint regarding alleged crimes involving the country’s anti-corruption reformist President Bernardo Arévalo and his brother, Martín Arévalo.... Read More
Mexico
On 8 May Mexico’s President Claudia Sheinbaum called for greater access to credit for businesses at the 88th annual banking convention, organised by Mexico’s association of banks (ABM).... Read More
Southern Cone
On 8 May President Javier Milei’s far-right La Libertad Avanza (LLA) and its closest ally, the right-of-centre Propuesta Republicana (PRO) of former president Mauricio Macri (2015-2019), traded mutual recriminations over who was to blame for the senate’s rejection a day earlier of the anti-corruption bill ‘Ficha Limpia’.... Read More
*Chile’s national statistics institute (INE) has published the most recent data for the consumer price index (CPI), indicating that monthly inflation for April was 0.2%, bringing the yearly rate to 4.5%.... Read More
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- PANAMA: Mulino stands firm as protests continue
- VENEZUELA: Opposition revels in embassy escape
- In brief: Peru cuts interest rate
- BRAZIL: Gov’t expresses concern over Amazon deforestation
- In brief: Brazil’s vehicle production up in April
- In brief: Guatemala’s AG targets key port in latest move against Arévalo
- MEXICO: Sheinbaum hails economic strength at banking convention
- In brief: Mexico’s inflation continues to edge up
- ARGENTINA: Milei and Macri at loggerheads
- In brief: Inflation slows in Chile