In May, Brazil's fiscal deficit narrowed to 7.56 % of accumulated Gross Domestic Product over the last 12 months, according to the Central Bank's report released Monday.
"In May alone, the consolidated nominal public sector deficit of Latin America's largest economy, which includes primary income…
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Latin America
Paraguay decreed a 3.6 % increase in the minimum wage
On Friday, June 27, the president of Paraguay, Santiago Peña, signed the decree corresponding to the 3.6 % increase in the country's minimum wage.
"In this way, workers' compensation is adjusted by 100,739 guaraníes, increasing the current…
Cryptocurrencies are the option for migrant remittances
Migrants who are unbanked in their host country in Latin America due to lack of residence permits and other irregularities have found in cryptocurrencies a way to send remittances to their loved ones without restrictions.
An ally in the…
Brazil keeps economic growth
Brazil, Latin America's largest economy, maintained its economic growth of 0.4 % during April, leveraged by the services sector.
However, the growth rate slowed to 0.2 % according to Central Bank reports and IMF projections.
The BCB…
Brazil to tighten rules for digital platforms
On Wednesday, June 11, by a majority of its judges, the Brazilian Supreme Court agreed to tighten the rules applying to digital platforms.
The objective of this decision is to regulate activities such as the spread of fake news and hate…
Peru’s cumulative inflation was 1.05 % from January to May
From January to May, Peru recorded cumulative inflation of 1.05 %, while for the month of May, the Consumer Price Index (CPI) nationwide decreased by 0.05 %.
This was reported this Sunday, June 1, by the National Institute of Statistics…
Chile’s economy grew 2.5 % in April
In its most recent Monthly Index of Economic Activity (Imacec), the Central Bank of Chile reported economic growth of 2.5 % in April.
This percentage is above the estimates from the latest Economic Expectations Survey (EEE), which…
Lima prepares for the Peru Blockchain Conference in June
The city of Lima will once again host the Peru Blockchain Conference on June 20 and 21. The capital of the South American country is moving toward consolidating crypto adoption, a sector expected to attract approximately 4.5 million users.…
Ecuador and Canada sign declaration for Free Trade Agreement
This Saturday, during the events commemorating the inauguration of President Daniel Noboa, Production Minister Luis Jaramillo and Canadian Minister of Export Promotion Maninder Sidhu signed a joint declaration to accelerate the signing of a…
China to allow visa-free entry for citizens of five Latin American countries
China announced last Thursday, May 15, the elimination of the visa requirement for entry into the country for travelers from Brazil, Argentina, Chile, Peru, and Uruguay starting June 1.
The measure is part of a series of initiatives…
Amazon to build its cloud data center for Latin America in Chile
Amazon Web Services (AWS) announced a $4 billion investment in Chile to build its cloud data center for Latin America.
The company expects this center to be operational in 2026 and will operate from Chile as the sole facility for the…
IMF cuts GDP growth projection for Latin America and the Caribbean
The International Monetary Fund estimated a slowdown in GDP growth for Latin America and the Caribbean in 2025, according to the organization in its World Economic Outlook report, released last week.
This cut is primarily due to a 0.3 %…