Latin American and Caribbean round-up: Brazil's economic troubles threaten to spill over into Peru, and more

4 Sep 15

A round-up of recent public finance stories from Latin American and Caribbean you might have missed.

Brazil's economic troubles threaten to spill over into Peru

Brazil's sinking economy is a new risk to Peru's fragile recovery and builds on worries about China's slowdown and an exodus of capital ahead of an expected US interest rate hike, Peru's finance minister has said. (Reuters)

Printing money goes haywire in Venezuela

OPINION: Venezuela seems to be hovering on the edge of tipping into hyperinflation. Or perhaps it has already fallen into the abyss. (Bloomberg)

Troubled Puerto Rico power company in deal with bondholders

The troubled state-owned Puerto Rico power company announced a restructuring plan with some of its creditors that would provide breathing room for an island staggering under the weight of its public debt. (The Gleaner)

Venezuela says China has agreed on $5bn loan to boost oil production

Venezuelan President Nicolas Maduro says China has agreed to provide a $5bn loan to boost oil production. (Fox News Latino)

Mexico to rely on financial tools to boost investment

Days before Mexico’s government unveils the most austere budget in years because of falling oil prices, President Enrique Peña Nieto has decided to rely on new financial tools to boost investment in such key sectors as education, infrastructure and energy. (Wall Street Journal)

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