While countries like Venezuela and Brazil ache over falling commodity prices, Central America rejoices over the US recovery.
“There are foreign investors who have sought out me or my (Cabinet) ministers and the question always comes up: what will happen in August?” Temer said, referring to the expected conclusion of Rousseff’s trial in the Senate.
Latin America has the potential to become the next global power
With her job on the line, Brazilian President Dilma Rousseff is spending January developing an economic plan which she hopes will restore faith in her leadership and weaken looming impeachment proceedings against her.
Temer, a 75-year-old centrist now moving to steer Latin America's biggest country toward more market-friendly policies, told Brazilians to have "confidence" they would overcome an ongoing crisis
Brazil will release 83 billion reais (US$20.4 billion) in new credit from state-run banks for farmers, builders and other businesses suffering in a shrinking economy, resuming stimulus efforts it had largely eschewed in last year's austerity drive.
The Brazilian central bank cut its key interest rate by 0.25%, although it is still one of the highest in the world, it is a demonstration of trust in new policies.
Brazil's new government has announced a privatisation plan aimed at reviving the country's struggling economy.
President Mauricio Macri’s administration is reportedly allocating AR $15,766 million (US $978,427,520) to such projects throughout the year, 46 percent more than what was earmarked in 2016.