What is new in Latin America?

This week marked the signing of a historic agreement between Mercosur and the European Union. This pact aims to strengthen trade and political ties between the participating Latin American and European nations. After over 20 years of negotiations, the treaty presents a unique opportunity to promote economic growth, cultural exchange, and collaboration on global issues…

In recent years, Argentina has emerged as a leading hub for cryptocurrencies, establishing itself as one of the most dynamic and promising centres for Web3 technologies in Latin America. A mix of challenging economic conditions, a thriving digital innovation ecosystem, and a proactive community of developers and entrepreneurs has created the perfect setting for the…

Discover the latest news in Latin America. Let’s see what happened in November! Colombia’s Rainy Season and Its Impact In November 2024, Colombia endured an intense rainy season that severely affected 27 of the country’s 32 departments. In response, President Gustavo Petro declared a national disaster to mobilise resources and prioritise aid for the worst-hit…

Peru has introduced a tax on streaming services, which not only applies to these platforms but also extends to around 600 other services, including Uber, Zoom, and Spotify. The so-called “Netflix Tax” has raised concerns among users, as subscription costs will rise from 1st December. Following the publication of Legislative Decree No. 1623 in August…

According to the World Bank, Chile’s economy is stable and growing thanks to its solid macroeconomic policies and strong institutions. After the challenges brought by the pandemic, Chile has regained economic balance and, in recent years, has maintained an average annual growth of 2%.  Chile is the fifth-largest economy in Latin America and has the…

The Asia-Pacific Economic Cooperation (APEC) Forum, of which Peru has been a member since 1998, has consistently served as a vital platform for the country’s economic, trade, and political development. This year, Peru held the presidency for the third time (previously in 2008 and 2016), making it imperative to translate the benefits of hosting the…

One of the greatest challenges we face today is tackling climate change. To succeed in this shared mission, we need to work together as a global society and rethink the way we produce energy. This is where green energy comes into play, and Latin America stands out as a shining example. Green energy refers to…

As the 2024 G20 Summit approaches, scheduled for 18–19 November in Rio de Janeiro, Argentina and Brazil—two major powers in South America—will put their diplomatic and trade relations to the test. In this context, the leaders of both nations, Brazilian President Luiz Inácio Lula da Silva and Argentine President Javier Milei, stand in stark contrast…

Argentina: politics and economics In October 2024, the Inter-American Development Bank (IDB) announced a disbursement of approximately $500 million to fund sustainable development projects in Argentina. This financing will prioritize essential areas like infrastructure, renewable energy, and social inclusion programs. IDB President Ilan Goldfajn highlighted that this funding aims to enhance Argentina’s economic resilience and…

COP16, held in Cali, Colombia, from October 21 to November 1, highlighted environmental and economic priorities to be adopted globally, underscoring the urgency for business sectors in Latin America to move from commitments to action. This region, which has shown increasing vulnerability to climate change in recent years, has a responsibility to adopt strategies that…