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Chile Cuts Fuel Prices a Fourth Week. Most of March Still Bites
Cost of Living Key Facts —The cut. From Thursday, 93-octane petrol falls CLP100.3 a litre ($0.11) and 97-octane CLP99.8 ($0.11). —The biggest mover. Diesel drops CLP155.4 a litre ($0.17); vehicle LPG falls CLP22.1 ($0.02). —The exception. Kerosene, the heating fuel of poorer households, does not change at all. —The gap. Petrol must still fall CLP196.9 […] Th
Venezuela Asks Britain for $1.95bn of Gold Buried Under London
Sovereign Assets Key Facts —The letter. Interim president Delcy RodrÃguez wrote to King Charles on July 8 seeking release of the bullion. —The hoard. The Bank of England has held 31 tonnes since 2008, worth about $1.95bn, roughly 15 percent of Venezuela’s reserves. —The toll. The June 24 earthquakes have killed 3,811 people, injured 16,740 […] The post Venez
Ecuador Seeks Six Years for LenÃn Moreno in $76m Bribe Case
Rule of Law Key Facts —The request. On 8 July, day 29 of the trial, prosecutors asked Ecuador’s national court for six years and six months against 20 of the 21 defendants. —The accused. Former president LenÃn Moreno, his wife RocÃo González, his daughter Irina, and Cai Runguo, then China’s ambassador to Ecuador. —The sum. […] The post Ecuador Seeks Six Year
UN Asks Donors to Unfreeze Venezuela’s Assets to Rebuild
Reconstruction Key Facts —The appeal. On 8 July the United Nations sought $296m to reach 1.3 million Venezuelans over six months. —The third ask. Relief chief Tom Fletcher listed sanctions relief and the release of frozen assets alongside money. —The damage. A UN estimate on 6 July put direct physical damage at $37bn, against an […] The post UN Asks Donors t
The IMF Counted Votes on Venezuela. Britain Uses a Different Rule
Multilateral Finance Key Facts —The decision. On April 16 the Fund resumed dealings with Caracas, guided by members holding a majority of total voting power. —The holdings. Venezuela’s reserve tranche and drawing rights total roughly $4.9bn, about SDR 3.6bn. —The draw. Caracas announced an initial $200m for reconstruction, roughly four percent of the total.