Andean Region in June 2026: the most important developments in economy
In the Andean region in June 2026, the biggest economic story was Bolivia ending its 15-year dollar peg, a move to stabilise its economy, reported on 27 June.
In Colombia, official data showed the poverty rate at a record low of 28 percent. Glencore's Cerrejon coal mine was shut down, adding pressure on Colombia's coal sector. Remote Colombian airports remained grounded with no clear timeline for resuming operations. Bond investors bet that the candidate nicknamed "Tiger" would cut public spending, and a report said oil revenue gave Petro the tax reform he could not pass earlier.
Outside the Andean states, Guyana emerged as a winner in the oil market during the Iran war, as crude prices rose, with oil at around $100 a barrel. In Ecuador, beer and wine prices were cut for the national team's matches, and the shrimp market was expected to be volatile because of El Niño. An airline announced flights from northern Argentina to Paraguay, Bolivia and Chile.
by WorldBrief & Maksim Micheliov | AI-generated summary
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