News of subsidies

Budget 2020: 60% used to pay pensions, social plans or subsidies

16-01-2021 08:26 Six out of every 10 pesos in last year’s Budget went to paying for pensions, social plans or business subsidies. Both government and private calculations estimate last year’s primary deficit to be around 6.5% of GDP.

by Gabriel Ziblat

Energy

Fernández unveils plan to boost production at Vaca Muerta

17-10-2020 08:05 President Alberto Fernández says Argentina wants energy firms to invest some US$5 billion to boost hydrocarbon production and generate jobs in the country’s prized Vaca Muerta shale deposits.

Bloomberg

Government to spend over US$880 million to prop up Aerolíneas Argentinas

01-06-2020 13:56 President of state airline, Pablo Ceriani, says budget shortfalls – which totalled US$680 million last year – will persist until demands rebounds in 2022, though no redundancies are on the cards.

survival during quarantine

The agony of Colombia's quarantined sex workers

22-04-2020 14:18 Survival has become a struggle for Colombia's sex workers during the coronavirus pandemic lockdown. Now, with half of humanity in confinement and those places off limits, they are struggling on handouts and meager savings.

PROTESTS IN ECUADOR

Ecuador's president agrees deal with indigenous to end protests

14-10-2019 11:58 Ecuador celebrated a deal President Lenín Moreno and indigenous leaders struck late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.

ECUADOR IN CRISIS

Clashes at protests in Ecuador over fuel price hike, oil facilities seized

08-10-2019 09:26 President Lenín Moreno accuses predecessor and ex-ally Rafael Correa and Venezuelan leader Nicolás Maduro of an "attempted coup d'état." Government business temporarily moved to the port city of Guayaquil.

PROTESTS

Ecuador's declares state of emergency after clashes over fuel prices

04-10-2019 09:17 Clashes broke out between protesters and police in Ecuador after President Lenín Moreno declared a state of emergency Thursday following demonstrations against rising fuel prices due to the government scrapping subsidies. Moreno's measure allow the government to restrict movement, to employ the Armed Forces to maintain order and to censor the press.