The president of the Inter-American Development Bank (IDB), Mauricio Claver-Carone, spoke about Venezuela, arguing that the nation will be the greatest socio-economic challenge that the institution will face in the region.
“The migration crisis in Venezuela is of a level of severity than the…
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financing
CAF opens call for Financial Inclusion Laboratory 2020
In order to support the development and implementation of new fintech proposals in Latin America and the Caribbean, CAF recently opened the call for the "2020 Financial Inclusion Laboratory".
The Development Bank of Latin America has…
Developing countries should invest $ 1.2 trillion in social protection
The International Labor Organization reported this Friday that by 2020, developing countries should invest approximately 1.2 trillion dollars, which is equivalent to 3.8% of their GDP on average in order to guarantee basic income security…
Chile prepares law to help large companies
Chile's Finance Minister Ignacio Briones announced that the Executive is preparing bills that seek to facilitate access to financing for large companies and provide liquidity solutions.
"We are preparing a series of measures, in fact some…
The FED will grant US $ 2,3 billion loans to the business sector
The central bank of the United States announced last Thursday more financing facilities to sustain the economy, which has been affected by the paralysis of activities throughout the country, with the aim of fighting the spread of the new…
Bitcoin Cash miners plan to donate resources for network development
A group of Bitcoin Cash miners proposes to donate part of their rewards in order to support the network in the development of the Bitcoin Cash blockchain platform protocol. The contribution would be 12.5% of the rewards of the block which…
Smart Protection sets 5.2 million euros for its expansion process
In a round of financing series A, the Spanish startup Smart Protection dedicated to combat online piracy and counterfeiting has achieved 5.2 million euros that will allow it to expand in the international market and continue with the…
The ECB injects 3,400 million in its first TLTRO-III auction
European banks have generally reduced their participation in this type of operations. In the first auction of the TLTRO-II program, almost 400,000 million euros were awarded and more than 500 entities attended. Although the interest rate…
Mexico will award 15 contracts to the private sector for oil production
After opening to bank financing, the economy in Mexico has improved satisfactorily. Resuming collaboration with the private sector in the nation opens the way to the exploitation of oil resources with the objective of complementing the…
Chile seeks to recover its economy through liquidity injection
Chile has one of the strongest economies in Latin America. However, it does not escape global financial, social and political instability. In order to meet these challenges, the Executive of Sebastián Piñera announced that he will raise the…
Brazilian coffee farming cooperative to launch a cooffe-baked token
The Brazilian coffee cooperative Minasul has revealed its intentions to launch a coffee-backed token, according to information provided by Bloomberg by José Marcos Magalhaes, president of the company.
Minasul has worked on the different…
China strengthen influence through panda bonds market
Countries use the mechanism of bond issuance when they require loans or financing. Some examples are "bulldog" bonds issued in sterling pounds; the "kangaroo" bonds in Australian dollars and also the "panda" bonds that are issued in yuan.…