He Panama Canalaffected for months by a severe drought that has forced it to restrict the transit of shipsdelivered to the treasury a new historic contribution of US$ 2,544.5 million, corresponding to fiscal year 2023, the Government reported this Monday. This amount exceeds the US$ 2,494.4 million last year and was then cataloged by the […]
Tag: economy
Argentines, between anguish and resignation due to adjustment measures by the Milei government
Julia González does not know how she will now be able to afford transportation on three buses and a train to her job in the center of Buenos Aires. Lucía Pergolisi cries because her best friend has been fired from her position in a government ministry. Hilario Laffite admits that she will have to highlight […]
Argentina devalues peso more than 50% and cuts expenses to deal with economic crisis
The brand new Argentine government headed by the libertarian Javier Milei announced on Tuesday a series of orthodox measures to deal with a serious financial crisis, including a drastic spending cut and a 54% devaluation of the peso. In the context of an annual inflation close to 150% and a poverty of 40%, The Government […]
Mayan Train, the controversial hope for economic development in southern Mexico
The hope that the Mayan Train, the emblematic work of the president Andrés Manuel López Obrador, take to the southeast of Mexico, traditionally forgotten, greater visibility and economic growth never seen before is latent in local ejidatarios, although they recognize the impact on labor and ways of life. “I believe that this, by bringing a […]
Carolina Trivelli: “It was a difficult year, with deficiencies and little maneuver”
“The economic situation is bad and next year would be less bad,” said economist Carolina Trivelli, former Minister of Development and Social Inclusion (Midis), who considered that on the part of the government “there were deficiencies and little maneuver to prevent what was coming.” come”. During the broadcast of the interview on LR+ Economía, which […]
COP 28: Political inconsistencies, climate impacts and violation of rights
This week the climate summit of the UNthe 28th Conference of the Parties on climate change (COP), which brings together 198 countries to discuss progress and joint actions to combat climate change and adapt to its effects. Among the central topics in this space are the countries’ assessment of climate action (Global Stocktaking in English); […]
The largest copper mine in Central America, roots of a conflict
The Supreme Court of Panama declared this Tuesday “unconstitutional” a mining contract, an expected ruling after more than a month of social tension with marches, road blockades, million-dollar losses in the economy and outbreaks of violence. These are the main dates of the crisis around the largest open pit copper mine in Central America, operated […]
In January 2024 it will be known which country will carry out stage III works of Chavimochic
In January 2024, it will be announced which country will carry out the works of the third stage of the Special Project Chavimochic (PECh), because one of the countries participating in the international tender -Canada and the Netherlands- has requested an extension of the deadline to present its offer, explained the general manager of the […]
As trade alliance falters, Biden will seek to emphasize economic ties in APEC
The president of USA, Joe Bidenwill highlight on Thursday his country’s strong ties with the economies of the Asia Pacific Economic Cooperation (APEC) Forumdespite having failed to make progress on crucial trade provisions sought by nations in the region. Biden, who held an anticipated summit with Chinese President Xi Jinping on Wednesday, will address a […]
IMF renews US$35 billion credit line for Mexico for two years
The executive board of International Monetary Fund (IMF) renewed this Thursday the Flexible Credit Line (LCF) of US$ 35,000 million for Mexico for two more years, which means “a recognition of the solidity of the institutional framework for macroeconomic policies”, The Ministry of Finance and Public Credit (SHCP) and the Bank of Mexico. In a […]