☀ Domingo Brief — Ecuador’s President vs. Vice President

Welcome back to the Domingo Brief! This week, we’re following Chile’s credit rating, Uruguayan wages, and more.

Trivia of the Week 🎯

Over half of you (54%) got it right, crowning Lionel Messi as the most-followed Latin American on Instagram. Argentina’s soccer superstar has more than half a billion followers on the platform, second only to Portuguese rival Cristiano Ronaldo (ignoring the official account for IG itself). The only other Latinos in the top 50 are Brazil’s soccer sensation Neymar and Colombia’s music queen, Shakira.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

🇧🇷 Nubank has launched its latest new product offering, NuCel, in partnership with cell-service provider Claro. The new mobile phone service will be gradually rolled out to the local neobank’s 95M Brazilian customers for prices ranging from $8 to $13 a month, offering unlimited calls, free WhatsApp use, and seamless digital management of plans directly through the Nubank app.

🇨🇱 S&P Global Ratings has raised Chile’s credit outlook to stable and maintained its foreign currency rating at A—on par with countries like Israel or Lithuania. This classification is the highest in Latin America, and two notches above second-place Uruguay. Rising debt and reduced fiscal space had led to two S&P ratings cuts since 2017, not helped by growing political polarization and social unrest, though the sitting government of President Gabriel Boric has prioritized cutting the deficit. This year’s budget allowed for a deficit equal to 2.4% of GDP, while next year’s aims for just 2%.

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