Article Author:
Reuters
Latin American Politics Update Today:
Peruvian Prosecutors Launch Sixth Criminal Investigation Against President
Lima – Peruvian Prosecutors Struck Thursday has launched a new criminal investigation against President Pedro Castillo. His sixth president in a one-year presidency and his housing minister over alleged irregularities in government contracts.
Castillo has denied possible wrongdoing in his administration. Others close to Castillo under investigation include his sister-in-law, who was detained, while a nephew and former minister have been on the run for months.
Meanwhile. , the government replaced ambassadors to the United Nations and the Organization of American States. This is due to the resignation of former officials amid a major personnel change at the top level.
Argentina says clashes over seizure of Venezuelan plane not diplomatic incident
Caracas – Sharp criticism from Caracas after Argentina seized a Venezuelan freighter It does not constitute a diplomatic incident, an Argentine government spokesman said Thursday.
Venezuelan politician calls Argentine prosecutor in charge of case 'thief' to prove to President Alberto Fernandez if he is 'puppet of imperialism' requested.
The Caribbean nation is demanding the return of an originally Iranian-made plane from Buenos Aires.
Colombian Peace Commission in Cuba to meet with ELN rebels
Bogota – Colombia's new Higher Peace Commission visits Cuba to Recently inaugurated President Gustavo Petro, who met with representatives of rebels in the liberation army, said on Thursday that peace talks could resume.
Commissioner Danilo Rueda previously ran his NGO that works to expose human rights abuses by the Colombian National Security Forces and paramilitaries.
Former M-19 guerrillas who have pledged to establish "perfect peace" in Colombia, Mr Petro, his member, said talks could pick up where the Santos government left off, and that the guarantor's He said he would approve the agreed protocol with help. Cuba, Chile, Venezuela, Norway, Brazil.
Argentina plans to raise interest rates, benefiting oil companies
BUENOS AIRES – Argentina's central bank raised its benchmark interest rate by 950 basis points on Thursday, raising its made 69.50%. Because the country is trying to fight soaring inflation.
The announcement comes ahead of the release of he July inflation rate, which is expected to reach 7.2%. Inflation is projected to reach 90% by the end of the year.
The bank said the decision was aimed at effectively pushing interest rates closer to positive territory. This is one of the points recently agreed between Argentina and the International Monetary Fund.
Meanwhile, the country's new economy "superminister" announced plans to give oil companies tax and tariff incentives. (Edited by Sarah Morland; reported by Marcelo Rochabrun, Vivian Sequera, Julia Symmes Cobb, Walter Bianchi, Nicolas Misculin; edited by Alistair Bell)
