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LatinNews Daily - 4 June 2025
Main Briefing
On 3 June Colombia’s President Gustavo Petro confirmed that he will issue a decree convening a referendum on his labour and health reform proposals, sidelining the senate which has rejected the referendum.... Read More
Andean
*Ecuador’s Economy & Finance Minister Sariha Moya has said that President Daniel Noboa’s government is considering introducing a tax reform “either this year or next” and is also planning cost-cutting measures including a reduction of fuel subsidies.... Read More
Brazil
On 3 June the office of Brazil’s attorney general (PGR) petitioned the supreme court (STF) to issue a preventive arrest warrant for far-right federal deputy Carla Zambelli (Partido Liberal, PL), who announced yesterday that she had left the country.... Read More
*The International Monetary Fund (IMF) has concluded an Article IV Consultation with Brazil and released its preliminary findings, noting that the country’s economy has grown strongly in recent years.... Read More
Central America & Caribbean
On 3 June a Salvadorean court convicted former military officials, retired Brigadier General José Guillermo García, a former defence minister (1979-1983), and retired colonels, Francisco Antonio Morán, and Mario Adalberto Reyes Mena, of the 1982 murders of four Dutch journalists during El Salvador’s 1980-1992 civil war.... Read More
*Nicaragua’s central bank (BCN) has released new figures showing that remittances to the country totalled US$501.8m in April, down from US$532.2m in March but up from US$449.4m in April 2024.... Read More
Mexico
On 3 June Mexico’s Economy Minister Marcelo Ebrard said that Mexico will be seeking an exemption to the doubling of US tariffs on steel and aluminium products, up from 25% to 50%.... Read More
*Private sector analysts surveyed by Mexico’s central bank (Banxico) have reduced their 2025 GDP growth forecast for Mexico to 0.08%, down from 0.11% in a previous (April) survey.... Read More
Southern Cone
On 3 June Chile’s President Gabriel Boric commended the decision of his sister-in-law, Fiona Bonati, to resign from her role at the communications secretariat amid a scandal over the misuse of medical leave by civil servants and public officials.... Read More
*Paraguay’s central bank (BCP) has released inflation figures for May, which put monthly inflation at 0%, down from 0.4% in April, and annual inflation at 3.6%, down from 4.0% the previous month.... Read More
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- COLOMBIA: Petro to convene referendum by decree
- In brief: Ecuador’s gov’t mulls tax reform as it looks to cut costs
- BRAZIL: Convicted far-right lawmaker suspected of fleeing justice
- In brief: IMF raises growth forecast for Brazil
- EL SALVADOR: ‘Historic’ civil war convictions handed down
- In brief: Remittances to Nicaragua slow
- MEXICO: Gov’t to seek exemption from new US steel tariffs
- In brief: Private sector cuts Mexico’s 2025 growth forecast
- CHILE: Boric under pressure over medical leave scandal
- In brief: Paraguay’s inflation slows in May