How Venezuela ruined its oil industry

How can it be that the country with the world's largest proved oil reserves can't afford to feed its people? The current crisis can be traced to the historical management of the country's oil industry.

Brazil Unemployment Crisis Worse In 20 Years

The population of Brazilians without a job is now equal to the city of London and Rio de Janeiro, combined

Maduro hikes Venezuela minimum wage by 60%

Venezuela is the country with the world’s highest inflation, which the International Monetary Fund predicts will increase to 2,000 percent next year.

Colombia urges a pension reform

The current fiscal gap calls for an urgent reform in the pension funds system.

Bolivia’s minimum wage sees 301% rise

Bolivian minimum wage rose 310 per cent since President Evo Morales took office in 2006, with an annually continuous increase in the interest of workers.

Growth returns to Latin America & Caribbean

The World Bank says that countries in the Caribbean and Latin America are now pursuing countercyclical fiscal policies, in that they are spending more in bad times and saving in good times.

Venezuela staves off default, but low oil prices pose a threat

Venezuela has put off a reckoning on its tens of billions of dollars in debt, but its ability to avoid a disastrous default will probably require much higher oil prices

Against all odds, Mexico’s economy is thriving

Trump’s initial threats against Mexico seem to be in stand-by. Meanwhile, it’s time for the country to strengthen its institutions.

Latin America can't stand the costs of Mother Nature

The recent tragedies in Peru and Colombia have put on perspective the fragility of Latin American countries against natural phenomena.

Brexit begins: what are the real effects for Latin Americans?

According to analysts, since the economic ties between Latin American countries and the UK are, at most, marginal, the true effects will be felt through other economic partners.

American jobs are headed to Mexico once again

The renewed exodus shows how difficult it will be for Trump to turn the macroeconomic tide just by jawboning alone

Chile Joins Lithium Manufacturers Club

Chile has called for bidders to manufacture lithium-linked products in the country as the South American nation plans to expand its mining and industry sectors.

The New Currency Champ Lives South of the Border

Can you guess which world currency has gained the most since Donald J. Trump’s inauguration as president? Here’s a clue. It has something to do with a “big, beautiful wall” on America’s southern border.

Peru to become Latin America’s top economy with 3.5% GDP in 2017

BCR expects the Inca nation to record the second highest growth in the region (3.5%) in 2017, only behind Bolivia (3.9%), but outperforming Paraguay (3.5%), Argentina (3.0%) and Colombia (2.4%).

Beyond the floods: is it time for Peru to rethink its infrastructure?

The effect of El Niño in Peru could go beyond the floods. The inability to contain the natural disaster is a sign of bad planning and inefficient investment.

Central America pays the price for fiscal failure

Central Americans have good reason to flee to the U.S. in ever greater numbers. Record-setting homicide rates and lac...

Latin America and Caribbean region continues to close tax gap

The Latin America and Caribbean region continued to close its tax gap with others in 2015, rebuffing the impact of the collapse in commodity prices on revenues

Believe it or not: Gasoline shortages ravage Venezuela

Motorists in placid Barquisimeto, in Central Venezuela’s Lara state, are being told at the pump that they will only get 20 liters of the cheapest gasoline anywhere in the planet, because of “rationing”.

Venezuela stops publishing money supply data

Venezuela has stopped publishing money supply data, depriving the public of the best available tool to ascertain soaring inflation in one of the world's worst-performing economies.

Brazil’s leaders tout austerity (just not for them)

Much of the ire revolves around the centerpiece of Mr. Temer’s austerity drive: his success in persuading the scandal-ridden Congress to impose a cap on federal spending for the next 20 years.

Brazil's recession worst on record

Brazil has been in recession for two years, the latest figures show, marking the deepest economic decline since records began.

Correa’s ‘economic miracle’ in Ecuador was actually a monumental sham

Correa’s government should become a textbook case of economic mismanagement that should be taught in business schools across Latin America

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