Day: Jun 12, 2019

International reserves increased to $8.3 bn thanks to Brazil’s payment for gas

Bolivia’s international reserves grew to $8.3 billion thanks to Brazil’s $55 million payment for the concept of gas sales, report Bolivia’s Central Bank (BCB). BCB’s president, Pablo Ramos, said that the country’s net international reserves are largely nourished by natural gas exports, but also from other sectors, such as gold, whose price recorded an increase in the international market.

Brazil’s democracy suffers another blow with ‘Operation Car Wash’ leaks

On Sunday, the Brazilian offshoot of the online news site the Intercept disclosed old private messages between now-Justice Minister Sérgio Moro and the task force of “Operation Car Wash,” the wide ranging corruption probestarted in 2014 that led to the conviction and jailing of former president Luiz Inácio Lula da Silva, among many other high-profile figures. The messages show clear collusion between a judge and prosecutors to convict those involved in the operation. Beyond the immediate implications — such as the possible reversal of convictions and the political impact to Moro and to President Jair Bolsonaro’s plans to appoint him to the Supreme Court — it remains to be seen how Brazilians will react.