Tag Archives: ECLAC

Mexico Has Highest Public Debt in Latin America in 2022

PULSE NEWS MEXICO During the first 10 months of 2022, Mexico was the largest public debt underwriter in Latin America and the Caribbean, according to a report released on Monday, Jan. 16, by the Economic Commission for Latin America and the Caribbean (ECLAC). Mexico placed a total of nine sovereign issues for an amount of $9.471 billion during that time,

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UN Agency Predicts Only 2.1 Percent LatAm Growth in 2022

XINHUA The economy of Latin America and the Caribbean will grow by only 2.1 percent in 2022, representing a slowdown compared to 6.2 percent in 2021, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) reported last week. According to the commission’s projections released on Wednesday, Jan. 12, the economy of the Caribbean region will grow 6.1

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Private Sector Rejects AMLO’s Proposed Electric Reform

By KELIN DILLON Mexico’s private business sector has accused Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform to the nation’s electric industry of being an “indirect expropriation” of investments made by private companies. The proposed law would allow Mexico’s state-owned Federal Electricity Commission (CFE) to gain preference over private energy plants to upload their production to the grid, limiting

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Latin American Foreign Trade Drops to 12-Year Low

XINHUA Latin America and the Caribbean’s foreign trade in 2020 registered its worst performance since the 2008 global financial crisis, mainly due to the covid-19 pandemic and its impact on economies, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said on Friday, Jan. 22. In its newly released annual report, International Trade Outlook for Latin America

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Mexican Business Group Creates Site for Struggling Firms

XINHUA Mexico’s Business Coordinating Council (CCE) has launched an online platform to support businesses affected by the novel coronavirus (covid-19) pandemic, the country’s leading business lobby said. The website “ImpulsaTuEmpresa.mx,” which means “promote your company,” offers business owners detailed information on sources of financial aid, as well as information on healthcare and lockdown measures in their region. “In the coming

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After Turbulent 2019, Leftists Foresee Stable, Prosperous 2020 for LatAm

XINHUA There’s no denying that  2019 was a turbulent one for Latin America, with protests, violent clashes and a fierce tug of war between conservative and progressive currents in countries long considered bastions of stability. But as the region staggers into 2020 with stagnant or even shrinking growth, many liberal observers are hoping that the first year of this new

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Eclac’s Bárcena: AMLO Grabbed the Bull by the Horns

By RICARDO CASTILLO Mexicans are divided between two opinions: One, those who have faith in the “profound economic model transformation” slowly but surely being promoted by President Andrés Manuel López Obrador (AMLO), and two, those AMLO calls “conservative hypocrites,” who are presently even denouncing the Mexican democratic system as nothing less than a scourge for having elected this populist dude

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The Best Hope for Slowing Central American Migration

By RICARDO CASTILLO    Wherefore art thou, Donald Trump? In reelection limbo, it seems. Over the past two days, the president of the United States has been directing his same old capricious criticism at Mexico, alleging that the United States’ southern neighbor “is doing nothing” to stop the now very dangerous northern flow of desperate migrants from Central American countries. And

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