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.
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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.”
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Both multilateral entities asked bilateral creditors in the poorest countries to “freeze debt repayment” in order to diminish the economic effects of the coronavirus.
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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.
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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.
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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.
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The non-governmental organization (NGO) Justicia Respeto y Perdón has requested precautionary measures of a humanitarian nature be granted to political prisoners in Venezuela.
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As outbreaks of COVID-19 continue to rise, Honduras looks to China, Japan, and South Korea as models.
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In Spain, Germany, Italy, and Sweden, COVID-19 is a major concern.
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In 2013, Chinese billionaire Wang Jing received a 40 billion concession from Nicaraguan president Daniel Ortega for the purpose of building a canal through the country- a project that was never completed. Market shares of Xinwei, the company that is directed by Jing, have lost almost 50% of their value since January of 2019.
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