Posts From Miguel Correa

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Economics Latin America

IMF Money? Colombia’s Listening!

After a year of bad news due to the  COVID-19 pandemic and its economic repercussions, Colombia’s fortune is finally improving: at the end of September, the IMF expanded Colombia’s credit line from USD 10.8 billion to USD 17.2 billion.

Economics Latin America

Brazil: How is South America’s biggest economy poised to behave?

Last week Brazil’s COPOM (Committee for Monetary Policy) met to discuss the current economic environment, not only in Brazil but around the world. The meeting had one overall result, which was to maintain current interest rates. The country’s Taxa Selic will stay at 2% p.a. Although this event might not seem newsworthy, it tells us a great deal about the recovery of the South American economy.