AGP Executive Report
Last update: 7 hours agoGrowth Outlook: The IMF cut its 2026 Latin America and Caribbean growth forecast to 2.3%, trimming Argentina’s outlook sharply to 2.1% as weak demand and tight financial conditions weigh. Chile and Uruguay also face downgrades. Debt Costs: G24 leaders say developing countries pay about $500 billion more in debt costs than advanced economies and are urging the IMF and World Bank to offer cheaper financing. Currency Watch: Ecuador’s dollarization endured a decade of opposition under Rafael Correa, a case with lessons for regional debates over replacing local currencies with the U.S. dollar. Mining Investment: Chile- and Argentina-based Giraffe Bio raised $6.4 million to scale technology for copper recovery; separately, Mineros lifted its 2026 gold production guidance after strong third-quarter output. Energy and Deals: A new alliance between Chilean miner LATAM Investment Group and Motjuan begins with a 3,000-tonne copper concentrate pilot, backed by trade-finance expertise. In Peru, investors from India, the U.S. and China are eyeing an $844 million port project.
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