Latin America & Caribbean

Latin America & Caribbean

Argentina flag with dollar bills

Argentina slaps controls on forex in bid to salvage peso

ARGENTINA has imposed capital controls to halt a slump in foreign currency reserves and save the peso. The central bank has set a five-day limit...
Fake supercar factory

Switcheroo ‘supercars’ draw heat in Brazilian swoop on chop-shop

By Hal Williams YOU only get one chance to make a first impression, they say, and nothing makes a statement like pulling up to your...
UNCTAD logo

Dependence on commodities leaves countries ‘vulnerable to shocks’ and ‘weakened’

THE NUMBER of countries dependent on commodities has reached its highest level in 20 years, according to a recent UNCTAD report. UNCTAD (United Nations Conference...
Vitória, Espírito Santo, Brazil

Brazilian meeting shines light on potential of fintech future

JOSÉ Lino Sepulcri, president of the Espírito Santo Trade Federation, and Gutman Uchôa de Mendonça, the regional director of the association of Brazilian banks...
World Bank Logo

World Bank moves to ensure regulation and management of Guyana’s oil, gas reserves

THE WORLD Bank has approved a $20m credit from the International Development Association (IDA) for Guyana’s oil and gas sector. The bank says the money...
Venezuela Flag

Venezuela’s cash crisis, coupled with blackouts, leaves country’s population in the direst of straits

VENEZUELA has the world’s largest oil reserves — and no money. Rampant inflation and depleted reserves of almost worthless bolivar banknotes have created a nightmare...
Argentina flag with dollar bills

Monster IMF loan brings hope to ailing Argentina

THE biggest loan ever from the International Monetary Fund (IMF) – $57.1bn – will be made to Argentina over a three-year period in a...
Beach Dominican Republic

World Bank Supports the Dominican Republic to Better Prepare for Hurricanes and other Natural...

First contingency line of credit in the Caribbean to secure access to US$150 million immediate financing in the aftermath of a disaster WASHINGTON, September 28,...
Jose Manuel Salazar - ILO

China trade, investment and projects create 1.8 million jobs in Latin America and the...

The first research carried out on the impact of economic relations with China on the volume and quality of employment in the region highlights...
Notes Brazilian Real Notes in Hand

Brazil: Eternal Country of the Future

Can the South American giant emerge stronger from its latest crisis? By Jason Agnew “Brazil é o pais do futuro e sempre será.” It was a...