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Latin American Pulse for Saturday, April 25, 2026

Peru F-16 Crisis: Chancellor and Defence Minister Resign, US Ambassador Threatens Reprisals, MEF Pays $462M Anyway — Brazil Expands Minha Casa Minha Vida to R$600,000, Middle Class Enters Housing Programme — Argentina: Milei Bans All 60 Journalists from Casa Rosada, Hosts Peter Thiel Same Day, Approval Crashes to 14th of 18 LATAM Leaders — Peru […]

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Uruguay Punta del Este: US$1.17B in Luxury Real Estate Sales in H1 2025

Key Points —Punta del Este is being positioned as Latin America’s dominant luxury wealth hub, anchored by the US$500 million Cipriani Ocean Resort Club Residences & Casino opening its first phase in 2026. —Luxury beachfront homes trade at US$7 million to US$20 million; prime condo prices reach US$7,000–US$10,000 per square metre. Real estate sales in […]

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Chile Small Business Tax: Kast Keeps 12.5% Rate Permanent

Key Points —Chile’s Kast government committed on April 23 to keep the 12.5% first-category corporate tax rate on small and medium enterprises (PyMEs) permanent, after a two-hour La Moneda meeting with sector leaders. —The commitment reverses the Reconstrucción Nacional bill’s schedule, which had the PyME rate rising to 23% in 2029 — matching Kast’s planned […]

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Mercado Libre Argentina Raises US$300M in Record Closed Fund

Key Points —Mercado Libre raised US$300 million on April 21 via a Fondo Común de Inversión Cerrado de Créditos — the largest closed FCI in Argentine capital markets history. —The fund was issued at 411.17 billion pesos, at the Tamar reference rate (currently 24.96% TEA) plus a 4.25% spread, with a 15-month term and an […]

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Ecopetrol Rating Cut: Moody’s Drops Colombia Oil Giant to Ba2

Key Points —Moody’s Ratings downgraded Ecopetrol’s global credit rating from Ba1 to Ba2 on Thursday, April 24, citing a weaker assessment of government support from Colombia (Baa3 stable). —The agency flagged higher risk of government interference, lower predictability of support mechanisms, and specific delays in Fuel Price Stabilization Fund (FEPC) payments. Outlook shifted from negative […]

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