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LatinNews Daily - 10 March 2021

Main Briefing
On 9 March Mexico’s official gazette published the controversial fast-track reforms to the electricity industry law (LIE) undertaken by the government of President Andrés Manuel López Obrador, attracting renewed criticism from the private sector.... Read More
Andean
On 9 March Peru’s President Francisco Sagasti criticised reports about the efficacy of Sinopharm, the Chinese vaccine against the coronavirus (Covid-19), which he said were part of a political agenda ahead of presidential elections on 11 April.... Read More
* Venezuela’s agriculture ministry has signed an agreement with its Cuban counterpart to promote the bilateral development of food production through cooperation in the areas of livestock, fish farming, and the production of cereals, legumes, and tubers, among other things.... Read More
Brazil
On 9 March, a judge in Brazil’s supreme court (STF), Gilmar Mendes, delivered a scathing indictment of the ‘Lava Jato’ (Car Wash) corruption investigation, describing it as “the biggest crisis” of Brazil’s federal justice system.... Read More
* Brazil’s national statistics institute (Ibge) has released the latest results for the services sector, which grew 0.6% month-on-month in January.... Read More
Central America & Caribbean
On 9 March the opposition alliance Alianza Ciudadana (AC) announced it had approved the procedure for registering candidates for its pre-presidential nomination ahead of Nicaragua’s 7 November general elections.... Read More
* The Central American federation of chambers of commerce (Fecamco) has released a new survey indicating that 71% of Central American business have suffered losses averaging US$415,000 as a result of the coronavirus (Covid-19) pandemic.... Read More
Mexico
* Mexico’s national statistics institute (Inegi) has released new figures which show Mexico’s monthly inflation rate in February was 0.63%, bringing the annual rate to 3.76%.... Read More
Southern Cone
On 9 March, Paraguay’s health ministry declared a ‘red alert’ due to the increase in coronavirus (Covid-19) cases in the country, while nearby Chile became the fastest country in the world in its delivery of Covid-19 vaccines to the population.... Read More
* The government of Argentina’s Entre Ríos province has announced that a debt restructuring offer, to extend the maturity and reduce interest rates of US$500m worth of bonds, had been accepted by 97.2% of bondholders, well above the 75% threshold.... Read More

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