Many Brazilians who decided to vacation in Europe before the travel restrictions caused by COVID-19 were imposed have now found themselves stuck there.

On April 9, Mexico proposed a lower production cut of petroleum in comparison to the other OPEC member rates during the four-day negotiation.

The Argentinian federal government decreed the postponing of public debts until 2021 due to the coronavirus. These debts, which include interest payments and repayments, add up to about $9.8 billion.

On March 28, Rosneft, a Russian state-owned oil company, announced the suspension of its operations in Venezuela as a result of US threats to increase sanctions.

Covid-19 is greatly impacting the Latin American communities who share similar situations with vulnerable Spanish families and the rest of the immigrant communities in Spain.

Despite a complete closure of its borders and the stopping of efforts to repatriate Argentines stranded abroad, the Argentine government, led by President Alberto Fernandez, continues to collect a 30% tax on the usage of foreign currency, under the so-called “tourist dollar.”

Both multilateral entities asked bilateral creditors in the poorest countries to “freeze debt repayment” in order to diminish the economic effects of the coronavirus.

On March 17th, the European Union’s International Monetary Fund (IMF) rejected Venezuelan president Nicolás Maduro’s request for $5 billion in aid to fight COVID-19.

Just a couple of weeks ago, people all around the world were still going through with their travel plans as many did not think that this virus would ban all international and national travel.

As the economic and social threat of Covid-19 grows day by day, Economy Minister Martín Guzmán continues with the government’s “top priority”: renegotiating and restructuring Argentina’s debt and guaranteeing creditors and the IMF that the debt will be paid.