IMF Extends Colombia’s Credit Line; Mexico Job Growth Decelerates

A roundup of Thursday’s news from across Latin America

Bloomberg Línea
May 05, 2022 | 09:55 PM
Reading time: <1 min.

Bloomberg Línea — The IMF has announced the renewal of Colombia’s flexible credit line for a further two years, and said the decision was made after an analysis of the country’s political and macroeconomic context. After an analysis of the country’s presidential candidates, the lender also expressed confidence in the country’s next president maintaining macroeconomic stability following the elections, the first round of which is scheduled for May 29.

Formal job creation in Mexico lost steam in April, following two months of strong gains, with only 5,490 formal jobs added in April, compared with 64,566 jobs added in March.

The region’s stock markets closed with losses, led by the S&P BVL Peru index (SPBLPGPT), which sank more than 6%, impacted by the volatility of international markets and the uncertainty generated in Peru following the approval of a bill to allow further withdrawals of pension savings.

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

Argentina:

Bolivia:

Brazil:

  • Amid the challenging local investment scenario and with Brazilian investors learning to increasingly diversify their portfolio, XP Inc.(XP) announced Thursday it will enter into direct foreign investment.

Chile:

Colombia:

  • For the International Monetary Fund, Colombia’s presidential candidates offer conditions under which the country’s macroeconomic stability could be maintained after the elections, the first round of which takes place on May 29. Hamid Faruqee, head of the IMF mission in Colombia told Bloomberg Línea that the decision to extend the country’s flexible credit for a further two years was made after an analysis of the country’s political and macroeconomic context.

Dominican Republic:

Ecuador:

Guatemala:

Mexico: