The COVID-19 pandemic has had far-reaching consequences across Latin America, and El Salvador is no exception. In this context, various co-governance arrangements have played a significant role in shaping the outcomes of COVID-19 support programs for micro, small, and medium-sized enterprises (MSMEs). From a liberal perspective, it is crucial to analyze these arrangements and understand…
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 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…
On June 28, 2023, the Inter-American Development Bank (IDB) approved a Conditional Credit Line for Investment Projects (CCLIP) of up to $800 million to support the modernization of the Salto Grande Binational Hydroelectric Complex (CHSG) in Argentina and Uruguay. This initiative aims to decarbonize the interconnected electricity systems, foster regional sustainable development, and enhance economic…
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…
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,…
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,…
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…
Mexico has made remarkable progress in advancing gender equality, yet certain gaps persist that hinder the country’s economic potential. In response, the Mexican government has taken proactive measures to create economic opportunities for women and foster sustainable and inclusive growth. Recognizing these efforts, the World Bank has pledged technical and financial support to aid the…
In the 20th century, a literary revolution swept across Latin America as a group of vanguardist authors emerged, challenging the established norms of literature and paving the way for a new era of artistic expression. With their innovative techniques, bold experimentation, and unyielding creativity, these writers redefined the literary landscape of the region. This article…