Evo Morales takes refuge in Mexico

The Bolivian Legislative Assembly will meet today to accept the resignation of Evo Morales and establish a transitional government.

In the meantime, the former president is on his way to Mexico, the country that offered him asylum.

The Organization of American States (OAS) urged the appointment of new electoral authorities to call elections within the next 90 days.

It is feared that the power gap and uncertainty could generate a situation similar to the one that occurred in Venezuela in 2002.

At that moment Chávez left power but called for national resistance, and managed to return soon after.

Supporters of Evo Morales: "Now yes, civil war"

An angry crowd of Evo Morales supporters arrived in La Paz  calling for a civil war

 As the demonstrators advanced, the police evacuated the politicians who were in Murillo Square, the political heart of La Paz.

 Among them was Jeanine Añez, who will surely take over as interim president.

The main opposition candidate, Carlos Mesa, also denounced the mob that was approaching his house and asked the police for help.

The police of La Paz asked for the support of the armed forces to guarantee security and restore peace.

This is the first time since the beginning of the protests that the military has taken joint action.

Unemployment in Venezuela will exceed 50%

Venezuela will be the country with the highest rate of unemployment in the world in 2020

In a report by the International Monetary Fund, which estimated that the unemployment rate could reach 50.5% in 2020, it stated this as the highest in the history of the region and the highest in the world. 

It also foresees the end of the 2019 200,000%, inflation rate, and estimates a hyperinflation of 500,000 % by 2020.

Venezuela will top the list with the highest unemployment rate in the world, including nations at war and other conflicts.

The South American country will surpass the unemployment rate of South Africa, Sudan, Armenia, and Iran.

The report also warns of a 25% drop in GDP and a serious food and drug shortage.

Brazil launches plan to employ young people

President Jair Bolsonaro launched a program ton Monday to generate jobs with the goal of reducing the 12 million unemployed in Brazil.

The program aims to create 1.8 million jobs for people between the ages of 18 and 29 and almost one million additional jobs.

The strategy relies heavily on a fiscal stimulus to encourage employers to hire young people with no work experience who often have to settle for low-wage informal jobs. 

The program will be completed by the end of 2022 and the regulations have already entered into force, but have yet to be ratified by Congress.