Bank Maintains Interest Rate at 7% in the Dominican Republic
- The Central Bank of the Dominican Republic (BCRD) adjusts its monetary management based on global and domestic conditions.
- With yearly inflation decreasing to 4%, attributed to effective monetary and fiscal measures, the BCRD anticipates sustained economic improvement, projecting a 5% growth in 2024 through increased money availability and government spending.
Read ahead at: https://euro.eseuro.com/business/1831779.html
FTA between Nicaragua and China Will Boost Economic Cooperation
- China and Nicaragua officially implement the Free Trade Agreement, effective January 1st. China grants zero tariffs on Nicaragua's key exports and an annual sugar quota.
- Both countries commit to phased tariff reductions, opening up trade in various sectors, and facilitating high-level exchanges, promoting economic collaboration and deepening ties.
- The comprehensive agreement includes chapters on the digital economy, environment, and cooperation in sectors like agriculture, textiles, logistics, tourism, and SMEs, aiming to enhance bilateral trade scale and quality.
Ecuador to Resort to Militarization after Experiencing Increase in Violence
- Ecuador faces escalating violence, prompting Mayor Valdivieso to demand security over justice.
- A reported church shooting adds to concerns.
- President Noboa discusses plans to enhance weapon monitoring amid rising criminal activities, projecting a grim milestone for violent deaths.
The Residents of the Uruguayan City March Against Insecurity
- A town, gripped by escalating violence attributed to criminal gang conflicts, experiences a surge of fear among residents.
- Triggered by a Christmas Eve incident where a young woman was shot, a 10,000-strong demonstration follows, prompted by concerns about safety and stability. Police arrests add momentum to community response.
Read ahead at: https://www.euronews.com/video/2023/05/21/watch-thousands-in-uruguay-march-in-silence-for-those-missing-since-dictatorship-era
Small Left-Wing Parties in Alliance for Uruguayan Elections.
- Various left-wing groups, including Popular Unity, Workers' Party, and Workers' Front, unite for parliamentary representation in the upcoming October 2024 elections.
- Their collective focus includes opposing the government's retirement reform, advocating for a plebiscite, and challenging neoliberal policies, emphasizing social security, land concentration, IMF dictates, and education reform.
Read ahead at: https://www.aljazeera.com/news/2019/10/28/ruling-left-coalition-faces-tough-presidential-runoff-in-uruguay
Bolivia 2023: Advances in the Industrialisation of Locomotives.
- Bolivia's notable progress in achieving economic diversification includes a $3 billion investment in productive complexes set to yield results in 2024.
- The creation of the Bolivian Chemical Industry Productive Public Company (IBQ) on April 26 aims to save $1.4 billion annually, focusing on import substitution through four factories in Uyuni, PotosÃ.
- The IBQ plans to produce various chemicals, contributing to the consolidation of 100% Bolivian products in global markets.
Read ahead at: https://www.prensa-latina.cu/2023/12/30/bolivia-2023-avances-en-la-locomotora-de-la-industrializacion
Violent Events Shake the City of Esmeraldas in Ecuador.
- Esmeraldas, Ecuador, faces violent incidents prompting the National Police's deployment to apprehend culprits. Videos on social media depict burning cars and frightened individuals amid explosions.
- The Esmeraldas Government condemns the violence, urging citizens to remain calm.
- The city, known for past criminal acts, witnesses a disturbing trend amid Ecuador's worst-ever wave of insecurity, expecting over six thousand violent deaths in 2023.
Read ahead at: https://www.telesurenglish.net/news/Car-Bomb-Explosions-and-Gunshots-in-Esmeraldas-City-Ecuador-20220519-0012.html
Milei Government Rules out Argentina's Incorporation into the BRICS.
- Buenos Aires, Dec 29 (Prensa Latina) The Argentine Government ruled out the incorporation of this country into the Brics group (Brazil, Russia, India, China and South Africa).
Adorni reported that letters were sent to the heads of state that make up the bloc, which were published this day in local media. The letters state that “the entry of this nation as a full member of that platform as of January 1, 2024 is not considered appropriate.”
The beginning of the process for Argentina's incorporation into the BRICS was announced in August and the then president, Alberto Fernández, highlighted the role of that platform in promoting multilateral cooperation.
Read ahead at: https://euro.eseuro.com/world/1841924.html
