OAS to recount votes in Bolivia

The Organization of American States has confirmed that it will install an electoral audit in Bolivia.

In a letter to Bolivian Foreign Minister Diego Pary, the organization explained that the team will be made up of about 30 people.

The vote counting process will last about two weeks and Mexico, Paraguay and Peru have already confirmed their participation.

The opposition and several citizen movements, which accuse President Evo Morales of fraud, immediately rejected the audit and called for new elections.

Along these lines, the president of the Committee for Santa Cruz, Fernando Camacho, urged the citizens to continue indefinitely with the strike, which began after the inexplicable victory of Evo Morales was announced.

Saudi Arabia to invest in Brazil

Saudi Arabia has announced that it will invest $10 billion in Brazil.

The investment resulted from talks held Tuesday by Brazilian President Jair Bolsonaro and Crown Prince Mohammed Bin Salman.

In order to define the sectors and the timing of investments, both governments will form a council within two weeks. 

The Saudis, for their part, anticipated that they were interested in investing in the creation of infrastructure, such as the Mato Grosso to Pará railway project.

Latin American economy predicted to fall

Trade between Latin American countries is forecast to fall by 10% by the end of 2019.

 

The Economic Commission for Latin America and the Caribbean (ECLAC) said it will fall to its lowest level in a decade.

It also projected that the value of exports in the region will fall by 2 percent and that of imports by 3 percent.

The price of 26 of the region's top 30 exports has fallen, including palm sugar (33%), coal (22%) and oil (10%). 

Mexico, one of the exceptions, will grow by 3 percent, thanks to the U.S. substitution of Chinese exports.

Fentanyl "invasion" in Mexico

The Mexican government warned of "a very rapid growth" in the consumption of fentanyl.

The Undersecretary of Public Security, Ricardo Mejía, explained that the powerful drug is now invading Mexico after infiltrating the U.S. market.

He warned that fentanyl is a very dangerous drug, 100 times more toxic than morphine, and 50 times more harmful than heroin.

Under Secretary for Prevention and Health Promotion Hugo López-Gatell said the increase stems from the addiction caused by opioids prescribed by doctors.

He pointed out that since the 1990s, Mexico has gone from being a producer country for its northern neighbor to being a consumer, doubling the rate of consumption each year.