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Latin America

Venezuela Sees Lowest Inflation in Over a Decade

Venezuela's cumulative inflation rate for January until April 2024 is the lowest since 2012 at 6.3%. This achievement marks a departure from severe hyperinflation, like...

Colombia’s Fiscal Rule Controversy

President Gustavo Petro's government in Colombia is proposing a legislative change to enhance the flexibility of the nation's Fiscal Rule. This rule sets specific targets for fiscal balance in relation to public debt. The change aims...

Cuba Launches Electronic Visas to Boost Tourism

On May 6, Cuba introduced the Evisa system to modernize entry protocols and enhance its tourism industry. At FitCuba 2024, Prime Minister Manuel Marrero unveiled...

Argentine Industrialists Rally Behind Milei Amid Economic Turmoil

Amid economic challenges, Argentina's industrial leaders have reaffirmed support for President Javier Milei's administration. Despite...

El Salvador Expands Global Diplomatic Footprint

On May 2, 2024, El Salvador made history by inaugurating its first embassy in Riyadh, Saudi Arabia. This pivotal event...

Paraguay’s Beef Market Expands

Amidst the global food market's volatility, Paraguay's beef industry marked a rise in the early months of 2024. By April, exports climbed 3.5% to $461.2...

United Front: Paraguay and Brazil Join Forces Against Crime

In the heart of South America, Paraguay and Brazil form a crucial alliance targeting the pervasive networks of organized...

Haiti Revisits Leadership Choices Amid Power Struggle

A council in Haiti, tasked with steering the country from turmoil, recently reversed a major decision. Initially, they had appointed...

Mercado Libre Surges with Stellar Q1 Earnings

Mercado Libre's net profit soared to $344 million in the first quarter of 2024,...

Sanctions and Diplomacy: U.S. Revisits Venezuela Policy

The United States is reevaluating its sanctions on Venezuela due to recent political developments. This reassessment...

Modest Inflation Trends in Peru Through April 2024

As the first four months of 2024 unfolded, Peru experienced a modest inflation growth of 1.36%, with a minimal...