Ecuador Woos Energy Investors; Mexico’s Electricity Sector DFI at Decade-Low

A roundup of Monday’s news from across Latin America

Bloomberg Línea
February 21, 2022 | 08:50 PM

Bloomberg Línea — The Ecuadorian government will present its portfolio of investment projects in the energy sector to business leaders and investors abroad during the framework of a visit by Minister of Energy and Non-Renewable Natural Resources, Juan Carlos Bermeo, to the United States. In an interview with Bloomberg Línea, Bermeo said that the country aims to recover its oil reserves and will tender production fields.

Mexico has reported a plunge in foreign direct investment (FDI) in the electricity sector to its lowest level in a decade in 2021, but the highest levels of oil and gas extraction in a decade, according to the most recent data from the Ministry of Economy.

On the stock markets, Argentina’s Merval (MERVAL) broke away from the losses of most Latin American stock markets and the negative performance of U.S. futures, with the main index of the Argentine stock exchange closing with a gain of 0.66%, while the rest of the region’s markets closed with losses.

Brazil’s Ibovespa (IBOV), the leading index of the largest stock exchange by market capitalization in Latin America, closed with the worst performance among its peers in the region, falling 1.02%.

Following is a roundup of Monday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.





Dominican Republic:


El Salvador:



This is how the region’s markets closed on Monday, February 21: