Peru works on its own CBDC. This was announced this Wednesday by Julio Velarde, president of the Central Reserve Bank of Peru (BCRP). The banking authorities of the South American country work with the central banks of India, Hong Kong and other nations to achieve this goal.
Velarde made this…
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Latin America
Mercado Bitcoin to develop renewable energy token
Brazilian cryptocurrency exchange Mercado Bitcoin recently signed a contract with Brazil's retail energy provider Comerc to develop two renewable energy tokens.
The launch of this digital asset, which will be linked to a reimbursement…
CAF will allocate millionaire investment for the growth of Latin America
The Development Bank of Latin America (CAF) will allocate 25,000 million dollars to promote green growth in the next five years in the region.
The institution presented this commitment this Tuesday at COP26 in Glasgow to finance projects…
Venezuela and CDB study development strategies for the region
The president of the Caribbean Development Bank (CDB), Gene León, and the representative of the Venezuelan government, Raúl Li Causi, held a meeting in order to analyze cooperation strategies in the region, promote connectivity and maritime…
IDB grants loan to Peru for its tax reform
The Inter-American Development Bank (IDB) granted a loan of 500 million dollars to Peru to strengthen the sustainability of fiscal management and support the recovery of the Andean country.
The loan, which has a repayment term of 20 years…
Spain will boost trade in Latin America
The Minister of Industry, Trade and Tourism, María Reyes Maroto Illera, assured that Spain will continue to promote the signing of free trade agreements between the European Union and Latin America and the Caribbean.
During her speech at…
China will continue in the Latin American export market
China will continue to be Latin America's main trading partner after the pandemic, according to a Coface report, which indicates that Latin American exports to the Asian giant are strongly concentrated in agri-food products in Argentina and…
IDB will hold its 2022 annual meeting in Uruguay
The Board of Executive Directors of the Inter-American Development Bank (IDB) will hold the Annual Meeting of the Boards of Governors of the IDB and IDB Invest in Punta del Este (Uruguay) from March 17 to 20, 2022, as reported in a…
Economic growth in Latin America will be 6.3 %
The International Monetary Fund (IMF) published the new estimates on economic growth for Latin America in 2021, raising them to “6.3 %, that is, half a point above its July forecast, thanks mainly to the good development of the raw material…
Latin America ranks second in the acquisition of financial apps
Latin America is registered in the second place as the region with the highest investment in the “acquisition of users of finance applications worldwide”, according to the publication made by Fintech App Marketing Insights: Latam Edition…
Debt of Latin America and the Caribbean stands at 75.4 % of the region’s GDP
The World Bank's chief economist for Latin America and the Caribbean, William Maloney, highlighted that the average public debt in the region has increased by 15 points, to account for 75.4 % of the regional Gross Domestic Product (GDP).…
Latin America increases its labor offers on cryptocurrency sector
Various Latin American job search portals report a significant increase in offers related to the crypto sector. The professions most demanded are “engineers, developers and programmers, as well as content writers and translators.
In…