Venezuela

Latin America set for tepid growth as Trump tariff threat looms, ECLAC says

bne IntelliNews December 19, 2024

Latin America and the Caribbean face another year of lacklustre economic performance, with growth projected at just 2.2 per cent in 2024 and 2.4 per cent in 2025, according to a report by ECLAC, which also warned of risks from potential US tariffs.

Latin America urged to boost tax take and private investment to close development gap

bne IntelliNews December 12, 2024

Latin American and Caribbean nations must radically strengthen tax collection and private sector involvement to bridge a $99bn annual sustainable financing gap, according to a new report from leading international organisations.

IMF: Breaking Latin America’s cycle of low growth and violence

Ilan Goldfajn and Rodrigo Valdés December 11, 2024

Violent crime and insecurity cost Latin America 3.4% of GDP annually, fueling a vicious cycle of low growth, emigration and instability. Breaking this requires bold reforms, stronger institutions and regional cooperation to tackle organised crime.

COMMENT: Trump’s White House picks signal rocky start with Latin America

Ricardo Martins in Utrecht December 9, 2024

Trump's return to power sets up a confrontational start with Latin America, threatening tariffs and strict border controls. Mexico pushes back firmly against US pressure, while China quietly expands its regional influence challenging US dominance.

Venezuela faces fresh US pressure as Washington recognises opposition leader as president-elect

bne IntelliNews November 20, 2024

The US has ramped up pressure on Venezuela's President Nicolás Maduro by formally recognising opposition candidate Edmundo González as the country's president-elect, marking the first time the Biden administration has used this designation.

Iran, Venezuela forge closer industrial ties as sanctions-hit allies meet in Caracas

bne Tehran bureau November 19, 2024

Iran and Venezuela launched their 10th Joint Economic Cooperation Commission at an event in Caracas on November 19, with high-level delegations from both countries attending amid strengthening bilateral ties.

What would a Trump win mean for Latin America?

Marco Cacciati November 4, 2024

As the US braces for a closely fought presidential election on November 5, Latin America has particular cause for concern over a potential return of Donald Trump to the White House. We rounded up how the region could fare under a second Trump term.

Venezuelan minister denies political prisoners exist despite UN findings of 1,900 detained

bne IntelliNews October 30, 2024

Venezuela has no political prisoners and operates under full rule of law, Foreign Minister Yván Gil stated during a working trip to Colombia, contradicting extensive documentation from international bodies and rights groups.

Ex-Trump adviser says he privately admired Venezuela’s Maduro

bne IntelliNews October 28, 2024

While Donald Trump publicly positioned himself as a staunch critic of Venezuela’s President Nicolás Maduro, privately he often praised the authoritarian leader’s strength, former White House adviser Olivia Troye revealed.

Maduro’s BRICS ambitions hit Brazilian roadblock as Kremlin denies expansion talks

bne IntelliNews October 23, 2024

In a blow to President Nicolas Maduro, Brazil's chief presidential adviser Celso Amorim has expressed opposition to Venezuela's bid to join the BRICS economic bloc, while the Kremlin stated that expansion is not on the agenda at the Kazan summit.

LatAm faces two-speed recovery as Brazil outpaces Mexico in IMF outlook

bne intellinews October 23, 2024

Latin America and Caribbean economies are poised to grow 2.1% in 2024, exceeding July forecasts by 0.3 percentage points, the IMF's latest World Economic Outlook revealed. The revision showcases stark contrasts between the region's largest economies.

Brazil cautiously spearheads BRICS push for national currency trade

Marco Cacciati October 17, 2024

Brazil is taking a leading role in efforts to reduce the BRICS economic bloc's dependence on the US dollar, championing the use of national currencies in trade among member states.

Russian surveillance network in Nicaragua raises alarm

Alek Buttermann October 2, 2024

Recent reports have unveiled Nicaragua as a key hub for Russian espionage operations in Latin America. The nation hosts advanced surveillance systems, including the SORM-3 technology, enabling the interception of various communications.

Brazil may derail Venezuela’s BRICS dream as bloc gears up for expansion

bne IntelliNews September 30, 2024

The BRICS group is moving forward with plans for expansion, with an announcement expected at the bloc's annual summit in Kazan this October. But Venezuela's inclusion in the next wave of expansion appears uncertain due to Brazil's resistance.

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