Brazilians Blame Bolsonaro for Fuel Hikes; Mexico’s Solar Growth Slows

A roundup of Monday’s news from across Latin America

Bloomberg Línea
March 21, 2022 | 10:50 PM

Bloomberg Línea — Brazilians consider President Jair Bolsonaro to be the biggest culprit for the recent increase in fuel prices in the country, more than the Russian invasion of Ukraine, according to an FSB/BTG survey.

The rate of installation of rooftop solar arrays in Mexico is decelerating for the first time as President Andrés Manuel López Obrador seeks to give control of the country’s electric power sector to state utility CFE.

And on the region’s stock markets, the best performer was Chile’s IPSA index (IPSA), which closed with an increase of 2.89%, its fifth consecutive session with gains, its best day so far this month, and its second best day of the year. Brazil’s Ibovespa (IBOV) closed with gains, rising 0.73%, while the Colombian and Mexican stock exchanges remained closed due to national holidays.

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

Argentina:

  • Amid the rise in inflation, Argentina’s Central Bank will on Wednesday define how much the Leliq rate will be increase and the Minister of Productive Development, Matías Kulfas, will meet this Monday with representatives of the Argentine food sector in a bid to control food prices in the country.

Brazil:

Chile:

Colombia:

Dominican Republic:

Ecuador:

El Salvador:

Guatemala:

Mexico:

Panama:

Uruguay:

Venezuela: