Latin America in 2020

The Inter-American Development Bank (IDB), in its report on the impact of covid-19 on Latin American and Caribbean foreign trade, investment, and integration, found that the outlook is in fact less gloomy.

During his second government report, the mayor of Monterrey, Nuevo Leon, Adrian de la Garza, announced that the tallest building in Latin America will be built in Monterrey, and will be located in Constitución Avenue.

Visa Everywhere Initiative and Finnovista are looking for Latin American and Caribbean startups that, through their financial technology solutions (fintech), will help reactivate local economies. 99% of the companies in the region are SMEs and account for 61% of formal employment.

The Chilean President, Sebastián Piñera, informed that the bidding process for the spectrum for the development of 5G networks has started. With this announcement, which is made concrete with the publication of the bases, a step is taken for the digital development of the country, since a new standard is established in relation to the transmission...

Large-scale infrastructure projects in Latin American tropical countries "threaten" tropical forests, "undermine efforts to prevent climate change and biodiversity loss," and "violate the rights of indigenous peoples, who play a vital role in protecting them.

Mercado Libre, Argentina's e-commerce company, became the most valuable firm in Latin America after overtaking Brazilian mining company Vale, according to the latest report by consulting firm Economatica.

Southern Ecuador holds a treasure trove of about 8,000 years old, the starch granules of what scientists consider the oldest chili pepper in the Americas, a product surrounded by culture, history, legends, and controversial uses.

According to the Latin American Steel Association (Alacero), the region's steel production totaled 3.55 million tons in April 2020, down 34% compared to the same period last year and falling 14% in the accumulated up to the fourth month of the year, reaching 18.3 million tons. In April, crude steel production via the BOF route fell by 22% compared...

The paralysis of the tourism sector in Honduras due to the coronavirus has so far caused losses of more than one billion dollars and the disappearance of some 100,000 jobs in the country, where authorities and entrepreneurs are working on a plan to reactivate the industry.

The logistics services provider, Maersk, announced the change of preferential route on the railroad to Mexico City, to the interior terminal of APM Terminals Cuautitlan, starting on May 25th.