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Latin America

Labor productivity in Latin America must improve

The International Labor Organization (ILO) raised the need to formulate effective strategies to increase labor productivity in Latin America, given the evidence of a persistent regional lag that compromises the possibilities of a future of…

IDB grants loan to Chile for energy transition

The Inter-American Development Bank (IDB) approved a $300 million loan to support the energy transition process in Chile, according to a statement. This is the second and last operation of a policy reform support program in the Andean…

CAF will strengthen carbon markets in Latin America

The Latin American Development Bank (CAF) will strengthen the carbon markets of its member countries and will articulate the competitiveness of the supply of carbon credits, with the aim of reducing greenhouse gas emissions, mobilizing…

Bank of Argentina raises interest rates again

The board of directors of the Central Bank of the Argentine Republic raised the yield of the Liquidity Letters (Leliq) to 28 days, the reference rate in the country for the price of money, by 200 basic points, from 47 % to 49 %, as reported…