Russia’s Ukraine Invasion to Impact LatAm’s Exports, Tourism Revenues

A roundup of Friday’s news from across Latin America

Bloomberg Línea
February 25, 2022 | 08:35 PM

Bloomberg Línea — Russia’s invasion of Ukraine will have a serious impact on the exports of several Latin American countries, including Ecuador and Guatemala, while countries such as the Dominican Republic and Venezuela will likely see a fall in revenues due to fewer Russian tourists visiting. Russian tourists were the second most numerous nationality among visitors to the Dominican Republic in 2021.

On the region’s stock markets, Peru’s S&P BVL/Peru (SPBLPGPT) index closed with a gain of 2.93%, the strongest performance among Latin America’s markets on Friday, while Mexico’s S&P BMV/IPC index (MEXBOL) gained 2.14% and Brazil’s Ibovespa (IBOV) 1.39%.

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

Argentina:

Brazil:

Chile:

Colombia:

Dominican Republic:

Ecuador:

El Salvador:

  • Bitcoin is emerging as a competitor to traditional payment systems in the country. Legal tender in El Salvador since September 2021, the cryptocurrency has free ground to compete with banking, but at the close of the year, reviewing the results obtained, banks have won the first round.

Guatemala:

Mexico:

Uruguay:

This is how the region’s markets closed on Friday, February 25: