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.

Ecuador is in talks with the International Monetary Fund for a credit line of as much as $1 billion after the nation was hit by an earthquake, flooding and a landslide in recent weeks, Bloomberg News reported. The government has its financing needs covered for the year, but is seeking additional support to fund disaster relief after the series of natural calamities, Finance Minister Pablo Arosemena said Wednesday, in an interview in Washington D.C. “We don’t need the money right this second,” Arosemena said.

Brazil's Finance Minister Fernando Haddad said on Thursday that the central bank has an opportunity to lower interest rates to help boost economic growth as fiscal and monetary policies are converging, Reuters reported. "I want to believe that the central bank has a window of opportunity that I hope will be taken advantage of so that Brazil can think about economic and sustainable growth," Haddad told journalists in China, where he is accompanying President Luiz Inacio Lula da Silva on a high-profile visit.

Argentina's inflation rate is expected to have clocked in at an eight-month high of 7.1% in March, according to a Reuters poll of analysts, piling pressure on the government as it looks to tame spiraling prices that have pushed up poverty levels, Reuters reported. The South American country is battling annual inflation above 100%, one of the highest levels globally, which saps earning power and has sharpened a cost-of-living crisis, hurting the ruling Peronist coalition ahead of elections in October.

Brazil’s annual inflation slowed more expected, reaching the lowest since January 2021 as congress prepares to debate President Luiz Inacio Lula da Silva’s new fiscal framework meant to shore up the nation’s finances, Bloomberg News reported. Official data released Tuesday showed consumer prices rose 4.65% in March compared to the year prior, less than February’s reading of 5.6% and below the 4.71% median estimate from analysts surveyed by Bloomberg. Monthly inflation slowed to 0.71%.

Argentina's state oil company YPF has agreed to pay nearly $300 million to the creditors of one of its now-bankrupt subsidiaries after they sued the company in relation to a historical U.S. environmental case, Reuters reported. The case against Maxus Energy Corp., which YPF acquired in the 1990s, dates back to 2005, when the state of New Jersey successfully sued the subsidiary for the contamination of the Passaic River decades earlier. In 2016, Maxus Energy Corp. filed for chapter 11 protection in the U.S. Bankruptcy Court in Delaware.