Insights
Americas: Argentine farmers launch commercial strike to protest export tax hike Sectors: agriculture; all Key Risks: business risks; strikes; transport disruption; protests In Argentina, farmers launched a four-day commercial strike on 9 March which could also lead to disruptive protests on the country’s main roads. On 5 March the Rural Confederations of Argentina (CRA) announced […]
Americas: Mexico’s Pemex posts US$18.3bln loss in 2019, financial challenges to persist Sectors: all; oil & gas Key Risks: non-payment; recession; credit rating downgrade In Mexico, on 27 January state-owned oil firm Pemex announced a US$18.3bln net loss in 2019, almost double the losses reported in 2018 and its worst annual performance not primarily due to external […]
Americas: Electoral tensions to rise in the Dominican Republic as municipal vote suspended Sectors: all Key Risks: political instability; civil unrest In the Dominican Republic, electoral tensions are set to rise following the suspension of the 16 February municipal elections due to a glitch in the electronic voting system. Electoral authorities suspended the vote four […]
Americas: Tensions spike in El Salvador over President Bukele’s plan to tackle crime Sectors: all Key Risks: civil unrest; constitutional crisis In El Salvador, on 7 February President Nayib Bukele gave the Legislative Assembly (LA) a one-week ultimatum to approve the government’s plan to tackle crime, which included a US$109m multilateral loan to equip the security […]
Americas: First votes in US Democratic nomination contest set to begin in Iowa state Sectors: all Key Risks: policy continuity In the US, Democratic Party voters in the state of Iowa are scheduled to take part in their caucus on 3 February. The event will mark the first step in choosing the Democratic nominee which […]
Americas: Argentina to speed up debt restructuring talks Sectors: all Key Risks: sovereign default; policy continuity In Argentina, the Economy Minister is expected to meet IMF and US Treasury officials in the US as negotiations to restructure around US$100bln in sovereign debt continue. President Alberto Fernandez recently stated that the country needs a ‘relatively quick’ […]
Americas: Peru’s 26 January legislative elections aimed at ending months of political turmoil Sectors: all Key Risks: political stability; policy continuity In Peru, legislative elections will take place on 26 January after nearly four months of political turmoil following President Martin Vizcarra’s decision to dissolve the opposition-controlled unicameral Congress on 30 September. On 14 January […]
Americas: Brazil’s Vale secures US$3bln syndicated loan despite looming criminal charges Sectors: mining Key Risks: business risks; criminal charges; fines In Brazil, on 8 January mining giant Vale secured a five-year US$3bln syndicated revolving credit facility with the participation of 16 banks led by Citi, Credit Agricole, MUFG and SMBC. The company stated that the […]
Americas: Bolivia’s general election rerun to be held on 3 May Sectors: all Key Risks: political stability; policy continuity; violent unrest In Bolivia, the Supreme Electoral Court (TSE) has set 3 May as the date for a presidential and parliamentary election rerun. Former president Evo Morales’s left-wing Movement for Socialism (MAS) party will reportedly announce […]
Americas: Venezuela’s Maduro asks Brazil to hand over five suspects for raid against military post Sectors: all Key Risks: bilateral and diplomatic tensions In Venezuela, President Nicolas Maduro’s government asked Brazil to hand over five military ‘deserters’ who are suspected of participating in a raid targeting a military outpost in Bolivar state, which left one soldier dead on 22 […]
Americas: Oil production launched at Stabroek block’s Liza field offshore Guyana Sectors: oil & gas Key Risks: business; economic risks In Guyana, oil giant ExxonMobil announced on 20 December it began crude production ahead of schedule from offshore Liza field, marking the country’s entry into the ranks of global oil producers. The Exxon-led consortium, including Hess Corp and China’s […]
Americas: IMF to unlock funds as revised tax reform approved in Ecuador Sectors: all Key Risks: non-payment; policy continuity; governability In Ecuador, the IMF’s Executive Board is expected to give its final approval on the combined second and third reviews of its US$4.2bln three-year Extended Fund Facility (EFF) on 19 December, which would unlock around […]
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