Browsing Tag

Latin America

Revolut officially arrives in Brazil

The British neobank and financial technology company, Revolut, announced its entry into the Latin American market with the launch of its services in Brazil. The firm already offers services to clients in Europe and the United States and has formed a team in Brazil, including the appointment of…

Argentine government will meet with CAF and IMF

The Minister of Economy of Argentina, Sergio Massa, and several members of the department he heads will hold meetings this Thursday with the CAF and the IMF in Uruguay and Washington, respectively, to improve the situation of the lack of…

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ECLAC projects economic growth of 5 % for Venezuela

The economic growth projection for Venezuela this 2023 is estimated at 5 %, according to the recent report by the Economic Commission for Latin America and the Caribbean, ECLAC. This Thursday, the agency updated the economic growth…

President of Bolivia promotes the reactivation of Unasur and proposes a common currency

The president of Bolivia, Luis Arce, urges the reactivation of the Union of South American Nations (Unasur) through the creation of a common currency as an alternative to the dollar to promote regional trade. In a video released on his…

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Petrobras announces gas price reduction

Petrobas announced this Monday an agreement with distributors to reduce the price of a cubic meter of natural gas by 8.1 % as of next May compared to the average value of the quarter between February and April. The Brazilian oil company…

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World Bank forecasts growth of 1.4 % in Latin America

The World Bank's chief economist for Latin America and the Caribbean, William Maloney, reported that the institution slightly increased its growth prospects for the region and will grow by 1.4 %, due to the effects of increases in bank…

Cryptocurrencies

Mercado Libre expands its cryptocurrency services to Chile

Users of the online payment platform in Chile can now buy, sell and store Bitcoin (BTC) and Ether (ETH) through the Mercado Pago app, according to Osvaldo Giménez, president of Mercado Libre's Fintech sector, who announced the news on…

Argentine GDP had a growth in 2022 of 5.2 %

The Gross Domestic Product (GDP) of Argentina grew by 5.2 % year-on-year in 2022, driven by a positive performance in almost all sectors of activity, with the exception of agriculture, livestock, hunting and forestry, which fell by 4, 1 %.…

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Argentina will receive financing from the IDB for USD 235 million

Argentina signed this Friday with the Inter-American Development Bank (IDB) a financing program for key areas of the local economy, for the amount of USD 235 million. The meeting between the Minister of Economy of Argentina, Sergio Massa,…

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The EU allocates 145 million euros for a digital alliance with Latin America

The European Union has announced 145 million euros to promote digital cooperation with Latin America and the Caribbean, within the framework of the Global Gateway projects, the infrastructure investment initiative with which the block…

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Uruguay will host a forum on renewable energy this year

The general director of the International Renewable Energy Agency (IRENA), Francesco La Camera, reported that the first Latin American Investment Forum in renewable energy will take place in Uruguay on November 9 and 10 of this year. The…

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Central Bank of Bolivia sells dollars to curb speculation

The Central Bank of Bolivia (BCB) began selling dollars to the public to meet an unusual demand for the US currency, which authorities say is due to speculation about the country's economic situation. The president of the BCB, Edwin Rojas,…

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