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Peru protests seen worsening; Mexico confirm green bond auction details

LATIN AMERICA

PERU: Protests against Boluarte’s government are expected to worsen Wednesday, ahead of which the finance minister has warned the costs of protest have amounted to $1.1bln in losses across the country – equivalent of three Yaku cyclones – through factory closures, job losses and company shutdowns.

  • The finance minister added that the government are working toward an economic recovery, and expect a robust revival across Q3 and Q4. Boluarte claimed the protests are a “threat to democracy” and called for calm amid the unrest.

MEXICO: Banxico confirmed the timings for Thursday’s sustainable bond auction: Mexico to sell MXN 23bln in 8.00% 12y sustainable bonds tomorrow. The auction will take place from 0830-0930 local time.

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