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Summit of the Americas and political pragmatism – 06/08/2022 – Latinoamérica21



Summit of the Americas and political pragmatism - 06/08/2022 - Latinoamérica21

The Summit of the Americas, to be held in Los Angeles, will be an important space to strengthen the growth and development agenda of the countries of North America, the Northern Triangle and Latin America as a whole.

There, the countries of the region will be able to present the importance of the US government, and in particular the Congress and its Republican senators, recognizing the social and economic urgency of immigration reform, the impact of remittances on reducing illegal immigration, the need to release $4 billion from the Central America Development Plan and increase the number of temporary workers. visas For the US, the Summit will be a space to promote greater and more effective shared responsibility for migration and strengthen governance and leadership for development, with commitments shared by the countries of the region.

The summit is a political space to promote effective lobbying in Latin America, but Latin American countries need to take a more pragmatic stance. While the US government had some reservations about some countries in the region, President Biden’s administration has recently made some pragmatic decisions. On the one hand, he eased restrictions on travel and remittances to Cuba and meetings with Cuban officials to improve migration management, and on the other hand, he allowed the main US oil company (Chevron) to negotiate possible activities in Venezuela, based on the relevance of reserves country’s oil.

In this context, Latin America’s priority at the summit should be to convince the US government to promote policies that reduce bilateral asymmetries. This will be achieved by reducing social inequality on the basis of the social program: the fight against corruption; investment in the energy sector promoting clean energy with public interest and greater energy self-sufficiency; more incentives for micro, small and medium enterprises in terms of equity and cost; entrepreneurship and social innovation policy for youth; and pushing for migration reform that will affect labor and social integration.

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But in addition to the Summit of the Americas, other important initiatives are underway between the United States and the countries of the region, such as the High-Level Economic Dialogue, which articulates economic competitiveness, security, and human mobility. Under the Biden administration, a new security and development agenda was introduced, affecting Mexico’s northern and southern borders, as well as the countries of the Northern Triangle, El Salvador, Guatemala, and Honduras.

This agenda aims to promote solutions to various issues such as security, health, border crossing, migration, development, trade, sustainable energy security and climate change. The objective of this initiative is to jointly manage these proposals for the development of bilateral and regional relations, in which competitiveness, growth and respect for the sovereignty of each country prevail.

The second major milestone along the way was when Presidents Joseph Biden met with Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador at the North American Leaders Summit on November 18, 2021. a new path in the light of complex global challenges.

There, the Mexican government reaffirmed the importance of migration flows and mobility towards the United States in the context of labor demand in line with labor integration and the expected growth of the US economy. The three presidents underscored the difficulty of the rise in illegal migration in the hemisphere – nearly three million illegal migrants between September 2020 and April 2022 – the largest migration flow in the last 20 years.

All these initiatives represent a space where the countries of the region, and above all the countries of Central America and Mexico, can put pressure on the Biden government to demand better conditions in its relations with the northern power. Emigration from Central America and Mexico will not decrease in the medium term. The wage gap is huge, and the demand for irregular labor in the US will continue to grow due to the growth of the economy in the post-pandemic reactivation.

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The dollar continues to reflect the political scenario



The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.



The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022



Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

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“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

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