Mexico exports hit a record as Colombia’s electricity debt grows
In Mexico, merchandise exports reached a record $81.4 billion in July, while Colombian state institutions owed 1.5 trillion Colombian pesos to electricity distributors and suppliers. These figures are cited by The Rio Times in its overview of events in the region.
Brazil and Mexico
Brazilian President Luiz Inácio Lula da Silva said in an interview with TV Globo on August 27 that he is not worried about public debt. According to him, economic growth is the main path to improving public finances; he also declined to announce spending cuts.
Lula defended Senator Jaques Wagner in the Banco Master case, stressing that people are innocent until their guilt is proven. The publication notes that police reports mention 74 calls with a businessman and alleged benefits worth millions. The president also said that suspicions concerning his son Lulinha and former aide Marcola affect the government. He called Marcola’s conduct completely wrong, but said he does not consider the loan improper.
In Mexico, record exports are accompanied by a political debate over the dual citizenship of candidates. Ricardo Monreal said that some officials in border states govern in Mexico but live in the United States. Separately, an attack by the Los Tlacos group in the state of Guerrero was reported: six people were killed and several others were injured.
More current news is available on the UA.News Telegram channel Telegram.
Argentina and Colombia
Argentina’s lower house of parliament approved a bill on the Central Bank charter and sent it to the Senate. At the same time, Argentina was not included in the new U.S. beef quota, while Brazil gained access to it. Inflation in the country stood at 2.1% in July.
According to Asocodis, an association of distributors, Colombian state institutions’ debt to energy companies amounts to 1.5 trillion pesos, or approximately $477 million. This represents 34% of the sector’s total accounts receivable. On August 21, the Procuraduría issued Directive No. 016, calling on mayors, governors, and ministries to settle the debt.
Chile and Venezuela
Chile saw a new diplomatic episode in its relations with Argentina over sovereign rights in the Strait of Magellan. In Venezuela, oil exports to the United States reached a seven-year high, and the country has ranked second in U.S. crude oil import volumes for 18 consecutive weeks. At the same time, a new round of electricity rationing is affecting business operations and people’s daily lives.
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