Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation of its judicial reorganization plan, Reuters reported. The company, which entered into a second bankruptcy protection in March just months after it emerged from similar proceedings, said the delay was mainly due to ongoing negotiations with a group of its financial creditors. Oi, however, release preliminary figures showing that it had consolidated net revenue of 2.62 billion reais ($518.96 million) in the fourth-quarter of last year.

Brazil's government announced a package of 13 measures on Thursday to ease consumer access to credit and reduce associated costs in the capital and insurance markets, a move the new leftist administration hopes will boost investment and revitalize a slowing economy, Reuters reported. Among the measures is the federal government's proposal to provide counter-guarantees for public-private partnership projects at the state and municipal levels, the Finance Ministry said in a presentation.

The holding company for Avianca Group International Ltd., a Colombian airline that filed for bankruptcy during the pandemic, is planning an initial public offering as revenue roars back, Bloomberg News reported. “Without a doubt the IPO makes sense to support the group’s growth,” Avianca’s head of investor relations Maria Cristina Ricardo said in an interview. The plan is for Abra Group Ltd. to sell shares in New York or London in the next 12 to 18 months, she added. Air travel in Latin America has rebounded to pre-pandemic levels, according to data from OAG Aviation.

Brazil's government reversed a decision to end tax exemption on foreign shipments targeting Asian e-commerce giants, a measure aimed at improving public finances that faced backlash from lower-income Brazilians, a crucial part of the new government's electorate, Reuters reported. Speaking to reporters on Tuesday, Finance Minister Fernando Haddad said that President Luiz Inacio Lula da Silva had asked him not to proceed with ending the tax exemption for international orders from individuals.

Brazil's government is working on additional revenue measures to be announced in the second half of this year, said Revenue Chief Robinson Barreirinhas on Monday, highlighting confidence that this set of actions will improve public accounts, Reuters reported. Speaking at a news conference on the 2024 budget bill, Barreirinhas stated that the measures would be additional to those already announced by Finance Minister Fernando Haddad and that "strategic issues" are involved in the timing of their disclosure.

Brazilian Finance Minister Fernando Haddad said on Monday the government is going to announce this week measures to improve credit conditions in the country, including one regarding revolving credit card rates, Reuters reported. Revolving credit card rates are the interest consumers must pay when they cannot pay their credit card bills in full, pushing unpaid amounts into future installments. Talking to reporters ahead of a meeting with the Brazilian banking federation, Haddad said that the ministry will launch 14 measures to improve the credit environment.

Bolivia’s central bank is rebuilding its international reserves as it deals with a “transitory” liquidity problem affecting the country, according to Finance Minister Marcelo Montenegro, Bloomberg News reported. The minister declined to elaborate on what the current level of reserves is, but said it had increased recently. The central bank board can decide to withhold the data to avoid creating “more speculation,” he said. “They’re replenishing them,” Montenegro said in an interview on the sidelines of the International Monetary Fund’s spring meetings in Washington.

Argentina and the International Monetary Fund are going back to the drawing board on the country’s $44 billion program as a record drought is expected to push the country into recession, an Economy Ministry official said, Bloomberg News reported. All options are on the table in the fifth review of the IMF’s biggest program, including discussions on disbursements, said the official, who asked not to be named discussing private talks. An IMF spokeswoman didn’t immediately respond to a request for comment during weekend hours.

Brazil analysts lowered their 2023 interest rate forecasts for the first time in a year and a half as President Luiz Inacio Lula da Silva puts the finishing touches on a proposal aimed to control the growth of public debt, Bloomberg News reported. The benchmark Selic will fall to 12.5% this December, down from the prior estimate of 12.75%, according to a central bank survey of economists published Monday. It was the first reduction for 2023 since October, 2021. Estimates for borrowing costs at the end of next year remained unchanged at 10%.

Suriname’s creditors are nearing a deal with the South American nation’s government to restructure $675 million of bonds, Bloomberg News reported. An agreement, which could result in losses in a range of about 25% to 30% for investors, stands to finally lift the country out of a years-long default, said the people who asked to not to be name because the matter is private. It is also likely to help as the nation looks to resume a program with the International Monetary Fund.