The freezing of International help From the United States to development and paralyzes several programs for the fight against drug trafficking, corruption, hunger and inequality in Latin America, where it can affect millions of people, experts and oenegés warned. The almost total freezing of these funds, as well as the progressive dismantling of the American […]
Tag: Latin America
Sol Peruano is strengthened in Latin America, according to the BCRP: these countries began to use it as a currency
He Peruvian sun It has been recognized as the most stable currency in Latin America for 2024. On the variations of the Peruvian Sun in 2024, compared to other regional currencies that suffered falls greater than 10% in some cases, the currency showed a relative stability. Despite registering a slight depreciation of 1.5% compared to […]
This Latin America country seeks to boost investments of US $ 8.5 billion in mining megaprojects and consolidated as a global leader
According to the digital platform ‘In La Hora’, a country in Latin America has presented a ambitious megaproject with the aim of attracting investments for approximately 8.5 billion dollars. This initiative aims to promote strategic mining projects that will be executed between this and next year, thus strengthening its development in the extractive industry. Mining […]
This is the second country in Latin America that receives more investments from China: it is located after Brazil
China It has become a key actor in the international panorama, especially in Latin America, because its investments in different sectors have increased in recent years. In this way, the second economic power has displaced USA In several countries in the region. In addition, China is the main commercial partner of several local economies due […]
IDB approves US$500 million loan for energy transition in Ecuador
He Inter-American Development Bank (IDB) approved a US$ 500 million loan to promote the fair and sustainable energy transition in Ecuador, which is in addition to the US$ 100 million from the Korea Facility for Co-financing Infrastructure Development for Latin America and the Caribbeanadministered by the IDB. The US$500 million loan, which also focuses on […]
Latin America, a key export market for EU cosmetics and perfumes
Latin America It is a key export market for cosmetic and perfume products produced in countries of the European Union (EU)and is, outside of the European continent, the region with the most exports from Spain, according to the Spanish X-ray of the National Association of Perfumery and Cosmetics (Stanpa) of 2022. In this sector, the […]
Argentina leads Latin America in the growing use of digital wallets
Argentina leads in Latin America the use of digital wallets for payments in the e-commerce and traditional points of sale, with a growing adoption of this financial product in which both the high inflation that the South American country is suffering from, such as the flourishing of powerful companies in the sector. According to the […]
The Bank of Spain warns of a credit contraction in Latin America
He Bank of Spain points out that the process of relaxing monetary policy in Latin America has not been accompanied by an improvement in financial conditions in recent months, a situation that could worsen if the Federal Reserve of USA decided to raise interest rates. In its semi-annual report on the Latin American economy published […]
Latam currencies have fallen 5% against the dollar in 2024: IMF does not rule out currency intervention
The International Monetary Fund (IMF) reported that Latin American currencies have fallen 5% against the US dollar in net terms so far this year, even after the partial recovery recorded in recent weeks. The report “Currency Developments in Emerging Markets and Their Implications for Financial Stability,” published on the IMF blog, notes that the decline […]
One in two workers in Latin America and the Caribbean is informal, says the ILO
One in two people who work in Latin America and the Caribbean does it in the informalitya situation that exceeds 70% in most countries in the region, with Bolivia above 80%, and only has its lowest rates in Chili and Uruguay, where it reaches 24%, reported this Thursday the International Labour Organization (ILO). In this […]