Ecuador’s President Woos Israeli Investors; Venezuelan Inflation Cools

A roundup of Monday’s news from across Latin America

Bloomberg Línea
May 09, 2022 | 11:50 PM

Bloomberg Línea — Ecuadorian President Guillermo Lasso began a five-day visit to Israel on Monday, which he described as “historic”, as the first by a leader of the South American country, and during which he will discuss security, innovation and entrepreneurship, and investment possibilities.

Despite a rebound in April by the country’s consumer price index, inflation in Venezuela has recorded three consecutive months below 5%, according to data from the country’s central bank.

On the region’s stock markets, Argentina’s Merval (MERVAL) saw the worst performance and recorded its biggest day-on-day fall since November. Commodities-related companies did not have a good day, in the midst of the decline of the main commodities. Argentine stocks listed on Wall Street showed the same performance, with MercadoLibre (MELI) shares down more than 16%.

Mexico’s stock exchange (MEXBOL) dropped 0.98% and Brazil’s (IBOV) was 1.79% down at closing.

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



  • Brazilian private healthcare provider Healthtec Alice has announced a partnership with Rede Americas, owner of Samaritano hospitals in São Paulo and Rio de Janeiro. The healthcare company has sought to expand its service areas by increasing its client base. Healthtec has partnerships with 12 hospitals and more than 200 laboratories in the city of São Paulo and is now expanding into two new areas of the capital.


  • Chile’s flirtation with a more ‘dovish’ monetary policy came to an abrupt end last week when the Central Bank raised interest rates more than expected and inflation spiked. The bond market will feel the impact for weeks, analysts say. The rate on two-year interest rate swaps rose as much as 49 basis points on Friday after inflation reached its highest level in more than a quarter of a century. That of the 2026 peso bond did so by 15 basis points.


Dominican Republic:


El Salvador: