US policy in Latin America; Clean Energy: New Economy Update

(Bloomberg) — Can Latin America seize the opportunities presented to it by supply chain disruptions, cheap labor and a growing tech industry? in order to look back on a decade of sluggish growth?

This is one of the key questions discussed at the inaugural Bloomberg New Economy Gateway Latin America event being held in Panama City. After a day of hesitation over the speed of adaptation of cryptocurrencies, warnings of growing populism and the potential to leverage relations with the United States and China, speakers on Thursday will address health, scarcity food, clean energy, cities and biodiversity.

U.S. Special Assistant to President Joe Biden and Senior Director of Western Hemisphere Affairs Juan Gonzalez will kick off while Ecuadorian President Guillermo Lasso will speak in the late morning.

You can follow the agenda here and the event will be broadcast on the LIVE GO terminal and on the web.

Cortizo on Crypto Law, Trade, and China’s Growth (7:40 p.m.)

In an interview with Bloomberg’s Stephanie Flanders, Panamanian President Laurentino Cortizo said his country was strengthening cooperation with the private sector to attract investment and controlling the pandemic that is driving the region’s fastest economic growth. .

While China and the United States are key trading partners, the United States is the most strategic relationship, Cortizo said. After a pause, trade talks with China will soon resume and Panama will push for more of its agricultural products to be included.

A new crypto law approved in Congress will be reviewed by lawyers and they will make a recommendation on whether to approve, partially sanction or reject the legislation, Cortizo said. In its current form, it would not be signed, he said, and any new rules would have to ensure that the country’s fight against money laundering was not weakened.

“It’s an innovative law from what I’ve heard, it’s a good law,” he said. “However, we have a strong financial system here in Panama and one of the things I look forward to is when you have global crypto-asset regulation.”

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