Foreign Direct Investment Surges in Latin America and the Caribbean, Offering Opportunities for Sustainable Development and Energy Transition
July 10, 2023. In a significant development, Foreign Direct Investment (FDI) in Latin America and…
Foreign Direct Investment Surges in Latin America and the Caribbean, Offering Opportunities for Sustainable Development and Energy Transition
July 10, 2023. In a significant development, Foreign Direct Investment (FDI) in Latin America and the Caribbean experienced a remarkable surge in 2022, reaching a historic high of $224.579 billion dollars. This represents a staggering increase of 55.2% compared to the previous year, according to a report released by the Economic Commission for Latin America…
Balancing Labor Market Recovery: ECLAC and ILO Highlight Progress and Persistent Challenges in Latin America and the Caribbean
July 11, 2023. In a joint report released by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO), the latest analysis of the employment situation in Latin America and the Caribbean reveals that the region’s main labor indicators have returned to pre-pandemic levels. While this marks a positive…
Navigating Economic Contractions: Understanding the Factors Behind Peru’s 1.43% Production Decrease
July 15, 2023. In recent years, Peru has experienced fluctuations in its national production, reflecting the complexities of its economy. The report released by the National Institute of Statistics and Informatics (INEI) sheds light on the country’s economic performance in May 2023. Taking a perspective that emphasizes the importance of individual freedom, limited government intervention,…
National Electricity Production in Peru Increases by 5.9% in May 2023
July 13, 2023. The Ministry of Energy and Mines (MINEM) in Peru has reported a significant increase in national electricity production for the month of May 2023. According to the Ministry’s General Directorate of Electricity, the total electricity generation in the country reached 5,216 gigawatt-hours (GWh), marking a 5.9% growth compared to May 2022. The…
DHL Supply Chain Invests €500 Million in Latin America to Strengthen Logistics and Drive Sustainability
July 12, 2023. DHL Supply Chain, the world’s leading logistics company, has announced a significant investment of €500 million in Latin America. The investment is part of DHL’s strategic plan to strengthen its operations in the region and support the diversification of sourcing and supply chains. The company aims to enhance the domestic infrastructure, promote…
International Court of Justice Rejects Nicaragua’s Claims in Continental Shelf Delimitation Case Against Colombia
On July 13, 2023, the International Court of Justice (ICJ), the principal judicial organ of the United Nations, delivered its judgment in the case concerning the question of the delimitation of the continental shelf between Nicaragua and Colombia beyond 200 nautical miles from the Nicaraguan coast. The case was brought before the court by Nicaragua…
Uruguay’s Bond Issuance: Fostering Economic Development and Financial Stability
On July 11, 2023, the Ministry of Economy and Finance of Uruguay announced the successful issuance of a new global bond denominated in nominal pesos. This bond, with a maturity date in 2033, amounted to approximately US$1.267 billion. The government simultaneously conducted a tender offer to repurchase existing global bonds denominated in dollars, pesos, and…
Promoting Sustainable Development and Economic Cooperation: The Triangular Cacao Project between Germany, the Dominican Republic, and Guatemala
July 12, 2023. In a display of international cooperation and a commitment to sustainable development, the Ministry of Economy, Planning, and Development (MEPyD) of the Dominican Republic, through its Vice Ministry of International Cooperation, recently launched the Triangular Cacao Project. This initiative, funded by the German Agency for International Cooperation (GIZ), aims to enhance the…
Supporting Innovative Initiatives for Environmental Protection and Economic Growth in El Salvador
The Ministry of Economy of El Salvador (MINEC) recently expressed its support for an initiative aimed at reducing carbon dioxide emissions. Quantum Motors, a pioneering Bolivian company in the manufacturing and commercialization of electric vehicles, announced that it is working on the launch of TRICOO, a startup that leverages the momentum of electromobility to provide…
Successful Refinement of Non-Monetary Gold by the Central Bank of Ecuador
July 13, 2023. The Central Bank of Ecuador (BCE) recently completed a successful process of refining non-monetary gold, amounting to 18,955.4 troy ounces, purchased from small-scale and artisanal miners. This accomplishment fulfills the provisions stated in Article 36 of the Monetary and Financial Organic Code and Article 49 of the Mining Law. As a result…
