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Economy & Business - February 2012 (ISSN 1741-7430)
VENEZUELA: Spraying economy with dollars
In the first seven weeks the Banco Central de Venezuela increased the volume of dollars available for discretionary imports by 44%, year-on-year. The move reinforces two well substantiated assumptions. The first is that with crude oil prices surging again, the government has money coming out of its ears. The second is that this money will be spent where it can have most immediate benefit on President Hugo Chávez’s re-election. Elections are due on 7 October 2012.
- Another sign of confidence
- What is going on in the labour market?
- A tale of two economies
- ARGENTINA: In denial
- CHILE: Better than expected December
- PARAGUAY: Preparing to cut
- URUGUAY: Fiscal deficit comes in at below 1% of GDP
- BOLIVIA: Double deficits as government ramps up spending
- COLOMBIA: An under-control boom
- ECUADOR: Banks expect credit growth to slow
- PERU: Bank lending up 19% in 2011
- VENEZUELA: Spraying economy with dollars
- Macroeconomic data and forecasts
- COSTA RICA: The fiscal deficits start to flash red
- CUBA: Slow start to the sugar harvest
- DOMINICAN REPUBLIC: Steady
- EL SALVADOR: Trade deficit rises
- GUATEMALA: Tax reform launched
- HONDURAS: Electricity problems
- NICARAGUA: Brito project up in the air
- PANAMA: Inflation problems
- 2011 GDP Figures
- MINING: Panama demonstrators win a round
- ENERGY: Mining company to build Chile’s biggest wind farm
- OIL: The pros and cons of Pemex becoming a major oil refiner
- AGRIBUSINESS: Drought hits Brazilian harvest
- TOURISM: South America becomes a market
- DEBT: Tapping China