The Ministry of Economy and Finance (MEF) modified its approach to calculating the specific Selective Consumption Tax (ISC) established for cigarettes, fuel, beer, and other alcoholic beverages.

So long as the institutional and political crisis in Venezuela is not resolved, the county will continue to be impacted by the economic policy of the Maduro administration, which is more concerned with maintaining power than resolving macroeconomic imbalances.

For almost a decade Latin America experienced a significant economic boom, which saw the prices of commodities like oil and metals steadily increase due to a growing demand from emerging market economies, such as China and India.

The psychological origins of inflation seem incredible to the untrained observer of the economy, but tens of thousands of academic studies and decades of economic policy in Argentina attest to its veracity.

The National Assembly Committee of Finance documented an accumulated inflation rate of 7,374.4% in the price of products and services in 2019.

More and more Brazilian restaurants and coffee shops are incorporating the use of environmentally-friendly straws or cups.

According to the Índice de Competitividad de las Economías Regionales (Index of Competitiveness of Regional Economies) from the Confederación Intercooperativa Agropecuaria (Inter-Cooperative Agriculture and Livestock Confederation), which analyzes the economy’s competitiveness in seven different areas, Argentina saw a 1.7% decline in the final trimester of 2019.

Alejandro Werner, director of the International Monetary Fund (IMF) for the Western Hemisphere, has said that they are “observing” the actions of the Argentine government, led by the Peronist Alberto Fernández.

By November of 2019, exports from Colombia were reported to equal $2,887 million USD. However, Colombian exports had decreased by a significant 13.6% in comparison with its total in November of 2018.

The legislature in Costa Rica prepares to debate a series of bills, including a bill that is looking to legalize cabbies in Costa Rica for medical production and exportation.