Industries and markets

World Bank loans Mexico one billion dollars to cope with coronavirus effects

“El Economista said the Mexican government asked the World Bank for the loan on May 19 to deal with the impact of the pandemic, and got the green light from the international lender on May

Anti-corruption efforts slipping in Mexico: international index

“Mexico ranks eighth of 15 Latin American countries on the Capacity to Combat Corruption (CCC) Index, which assessed countries capacity to detect, punish and prevent corruption amid the coronavirus pandemic. Mexico’s overall score on the

Brazil restores coronavirus data after controversy, court ruling

“Brazil’s health ministry removed cumulative numbers at weekend sparking accusations of manipulation.”

Latin America is losing the battle against coronavirus

“We are especially worried about Central and South America, where many countries are witnessing accelerating epidemics,” World Health Organization Director-General Tedros Adhanom Ghebreyesus said on Wednesday.

Brazil: Vote on reduced System S Contributions due to Covid-19

In Brazil, a provisional measure is targeted at temporarily reducing the companies’ contribution rates to the S System (MP 932/20). System S is a joint system of social contributions paid by companies in order to

Argentina: New deadline for transfer pricing reports

On June 5, 2020, the Argentine tax authority AFIP has published a general taxation policy that extended the deadline for transfer pricing reports for certain tax periods. Instead of having to transmit the report in

Mexico: VAT on digital services from foreigners

As of June 1, 2020, new VAT regulations for digital services were introduced in Mexico, which will be made available via an online platform. These rules apply to B2C and B2B service providers, whereas service

Ecuador sovereign bond holders form a committee to begin negotiations

“Ecuador has been buckling under its US$ 58 billion debt burden which has been worsened by the coronavirus crisis. President Lenin Moreno said in May the government would renegotiate its debt load, which would save

Foreign investment returns to Brazil in May, first since July 2019

“Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year. The figures showed a surplus of almost US$

Qatar Airways pledge of support sends Latam Airlines stock soaring

“Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean