Last Friday the executive submitted the bill to restructure the dollar debt under local law. This is a step in the right direction because it also fulfills the promise of matching the conditions of the proposal made to investors with foreign law bonds.… Read the rest
Argentina’s provinces finished 2019 with a primary fiscal surplus for the second year in a row. But, despite this improvement in fiscal behavior, three provinces have already defaulted this year and the fate of the rest seems to be contingent on the success of the national debt restructuring.… Read the rest
President Sebastian Pinera reshuffled his cabinet yesterday, 28 July. The widely expected reshuffle follows a heavy defeat for the government in recent votes to allow people to withdraw up to 10% of their savings from the private pension (AFP) system to support themselves through the economic crisis triggered by the Covid-19 pandemic.… Read the rest
The beginnings of a new Covid-19 strategy are becoming apparent as the government grapples with a rising case count. As of yesterday, 17 June, 4,757 new cases and 232 deaths were reported.… Read the rest
President Jair Bolsonaro has laid down his weapons against Congress and the Supreme Court (STF) to avert an impeachment trial but will continue to insist on contrarian ideas whenever possible. For one, Bolsonaro’s opposition to governors who insist on social distancing and limited business openings has discernibly been invigorated – not discouraged – since his infection with Covid-19.… Read the rest
President Jair Bolsonaro announced yesterday, 7 July, that he had tested positive for Covid-19 to a few select journalists in front of the presidential residence. Not only did he not respect social distancing when giving the interview, but he also used the opportunity to repeat his denialist view on the pandemic and the efficacy of hydroxychloroquine in the combat of the disease.… Read the rest
As signaled here previously, fear of a possible annulment of the Bolsonaro-Mourao ticket at the electoral court (TSE), albeit serious from a cursory look, did not justify veiled threats by top-brass military presidential advisors of “institutional instability” – widely read as an Armed Forces-backed takeover of the government.… Read the rest
As signaled here previously, fear of a possible annulment of the Bolsonaro-Mourao ticket at the electoral court (TSE), albeit serious from a cursory look, did not justify veiled threats by top-brass military presidential advisors of “institutional instability” – widely read as an Armed Forces-backed takeover of the government.… Read the rest
