Brazil's digital currency (CBDC) will be launched in 2024. The country's Central Bank has indicated that its launch is scheduled to boost financial services.
The DREX CBDC will be based on “distributed ledger technology (DLT) to settle wholesale interbank transactions, while retail access will be…
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Latin America
Lasso decrees a state of emergency before the death of Villavicencio
Ecuadorian presidential candidate Fernando Villavicencio died this Wednesday after an attack by a group of hitmen during the end of an electoral rally in Quito, the country's capital, ahead of the elections on August 20.
Villavicencio, a…
Inflation in Chile falls to 6.5% year-on-year in July
The Consumer Price Index (CPI) of Chile fell to 6.5% year-on-year in the month of July, which represents a reduction of 1.1 points compared to the previous month, according to the National Statistics Institute (INE). From Chile.
This drop…
IMF increases growth forecast for Latin America by 1.9 %
The International Monetary Fund (IMF) expects the Latin American economy to grow by 1.9% in 2023, which represents an improvement of three tenths compared to the latest projections of the organization published last April.
This upward…
Argentina expects to raise 2 billion with the agricultural dollar
Argentina will implement economic measures to raise 2 billion dollars and avoid defaulting on its million-dollar debt refinancing agreement signed with the International Monetary Fund (IMF) in 2022.
These measures include the creation of a…
Inflation chokes economies of Venezuela and Argentina
Inflation in Latin America shows signs of slowing down in countries like Brazil and Mexico. However, at the other extreme are Venezuela and Argentina, with the highest inflation rates, above 100 %.
The first semester of 2023 has not been…
Latin America joins the fight against climate change
This week, the fifth Regional Conference of the Intergovernmental Panel on Climate Change (IPCC) in Latin America was held, where representatives of several countries met with the objective of promoting climate action and mitigating the…
Investment in Latin America exceeded $ 200 million in 2022
Foreign direct investment (FDI) in Latin America and the Caribbean reached the figure of 224,579 million dollars in 2022, which represents a growth of 55.2 % compared to the previous year and the highest record in the historical series.
As…
Visa buys Brazilian fintech Pismo for USD 1 billion
Visa has signed a definitive agreement to acquire the Brazilian 'fintech' Pismo, which has operations in the regions of Latin America, Asia Pacific and Europe, for a total amount of 1,000 million dollars (about 914 million euros).
With the…
Reserve will no longer provide services in several Latin American countries
Reserve, the digital wallet, issued a statement announcing the indefinite suspension of deposits and withdrawals in national currencies for several Latin American countries, including Venezuela, Argentina, Colombia, Peru, Ecuador and…
Argentina expects 1.5 million foreign tourists
The Minister of Tourism and Sports of Argentina, Matías Lammens, expressed his optimism regarding the winter season, anticipating the arrival of more than 5.5 million tourists, including 1.5 million international visitors. In…
The IMF highlighted the advances in digital adoption in Latin America
The most recent report published on the International Monetary Fund (IMF) portal highlights the advances in digital adoption in Latin America and emphasizes the need to improve the regulation of cryptocurrencies.
The IMF recognizes the…