"I write to prevent the fear of life from being added to the fear of death." - Augusto Roa Bastos (Paraguayan novelist)
June 26, End Of Day
Latin America's space economy is experiencing significant growth, driven by increased investment in satellite systems, telecommunications, and international collaborations. Several recent reports and industry roundups provide insights into the current state and future prospects of the region's space sector. In accordance, the sector is expected to see double-digit annual growth rates through 2030, making it an increasingly important player in the global space industry.
Developments and Trends
Argentina: Monthly inflation in Argentina dropped to 1.5%, marking the lowest level in five years and a key win for President Javier Milei’s economic agenda. The figure contrasts sharply with the 25.5% monthly rate recorded when he took office in December. While annual inflation remains high at 43.5%, Milei’s swift currency reforms and tight monetary policy have stabilized prices, though concerns linger over slowing growth, reserve levels, and midterm election risks.
Brazil: Nigeria and Brazil signed a $1 billion agreement to expand mechanized farming, training, and energy investment in Nigeria. The deal, announced during Brazil’s vice president’s visit, supports Nigeria’s push to scale up agriculture and attract investment in gas and renewables. The initiative aligns with Nigeria’s goal of reaching a $1 trillion economy by 2030.
Latin America: Twelve Latin American countries will unveil Latam-GPT in September, an open-source AI language model designed to reflect the region’s cultural and linguistic diversity. Led by Chile’s CENIA and over 30 institutions, the project aims to increase AI accessibility in areas like education and healthcare, with early applications including Indigenous language translation tools. Built on Llama 3 and backed by CAF and AWS, the initiative is positioned as a foundational tool for regional tech development, not a consumer-facing rival to ChatGPT.
Check our recently published insights here.
💼 Foreign Direct Investment Trends in Latin America
