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…
On Monday, July 3, 2023, the Banco Central de Chile (Chile’s Central Bank) released the May 2023 monthly index of economic activity, known as Imacec. According to preliminary information, May witnessed a 2.0% drop compared to the same month in the previous year. The seasonally adjusted series fell by 0.5% compared to the previous month…
Literature has long served as a powerful tool for exploring and understanding the complexities of society. In Latin America, a diverse range of authors has emerged, providing profound insights into the region’s social fabric, history, and cultural identity. Through their writings, these Latin American authors have captured the struggles, triumphs, and diverse perspectives that define…
This milestone marks the evolution of SURA AM’s investment and asset management business, reinforcing its regional presence in 6 countries and extending its global reach. This process will enable the offering of financial products for individuals, companies, and institutions, representing a total of USD 18 billion in assets under management. With a presence in Chile,…
Recently, the Banco Central de la República Argentina (BCRA) issued a regulation that prohibits payment service providers (PSPs) from conducting or facilitating transactions involving unregulated digital assets, including cryptocurrencies. According to the new rule, PSPs are not allowed to initiate or facilitate such operations through their own platforms or applications. The measure aims to mitigate…
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…
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…
In the southernmost reaches of Latin America, the Kawésqar language, also known as Alacaluf, emerges as a linguistic gem that holds immense cultural and historical significance. Spoken by the indigenous Kawésqar people, this language has deep roots in the unique landscapes of Chile and Argentina’s southern regions. This essay aims to explore the importance of…
Inclusive labor market participation is a critical factor in reducing inequality and informality in Latin America and the Caribbean. On June 27, 2023, authorities and experts gathered to inaugurate the Third Regional Seminar on Social Development organized by the Economic Commission for Latin America and the Caribbean (ECLAC) in collaboration with various institutions. The consensus…
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,…