IMF Warns of Argentine Inflation Risk; Globant Acquires Uruguay’s GeneXus

A roundup of Wednesday’s news from across Latin America

Bloomberg Línea
April 20, 2022 | 11:00 PM

Bloomberg Línea — The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said Wednesday that “the great risk” for Argentina is inflation, while maintaining that the organization has a “common objective” with Buenos Aires, which is “to help the people of Argentina”.

Globant (GLOB) announced Wednesday that it will acquire GeneXus, a Uruguayan company founded in 1988 that developed a platform that works with artificial intelligence to create, develop and maintain solutions to run on all types of devices and is used by 1,700 companies in Latin America and Asia. The value of the transaction was not disclosed.

On the stock markets, Colombia’s COLCAP index saw the best performance in the region, after a rally in the last hours of trading. Shares in the financial and energy sectors accounted for the Colombian stock market’s rise. Shares of Bancolombia (BCOLO), Canacol Energy (CNEC) and Ecopetrol (ECOPETL) were among the best performers on Wednesday.

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

Argentina:

Brazil:

Chile:

Costa Rica:

Ecuador:

Mexico:

Panama:

Peru:

Uruguay:

  • Globant announced Wednesday that it will acquire GeneXus, a Uruguayan company founded in 1988 that developed a platform that works with artificial intelligence to create, develop and maintain solutions to run on all types of devices and is used by 1,700 companies in Latin America and Asia. The value of the transaction was not disclosed.

Venezuela: