Daniel Salazar Castellanos’s report shows that Latin America’s public social spending soared during the pandemic, addressing the economic and social crisis. This investment, crucial for services like education and health, is now decreasing. In 2022, Latin America’s central government social spending fell to 11.5% of GDP from 13.4% in 2020, as per the Economic Commission […]
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Brazilian government proposes tax legislation targeting high net worth investment funds
The Brazilian administration has proposed a legislative measure to Congress, aiming to instate taxation on unique investment funds traditionally untaxed. These funds are known for holding significant amounts of wealth. The Finance Minister, Fernando Haddad, announced the proposal, stating the measure targets anomalies in the current tax system. The administration has previously initiated a tax […]

Argentina “will not give up” its sovereign capacity in negotiations with the IMF, says minister
The Argentine Economy Minister, Sergio Massa, reported that Argentina is nearing an agreement with the International Monetary Fund (IMF) to modify the financial goals in their current program. Massa stressed the importance of Argentina’s sovereign capacity in these negotiations, highlighting the country’s commitment to an inclusive development model. Argentina is eager to meet its financial […]
Panama’s Mining U-turn Shakes First Quantum’s Value
Panama’s Parliament terminated Minera Panama’s extended contract, impacting the Canadian mining firm, First Quantum Minerals. They will not mine copper for another 20 years as planned. Public protests grew when President Cortizo okayed the deal on October 20. Groups for social, labor, and environmental rights said the contract hurt Panama and kept illegal terms from […]