Flux de publication de la direction générale du Trésor - AMERIQUE-ANDINEFluxArticlesTag-AMERIQUE-ANDINECopyright 20262026-04-10T00:00:00+02:00/favicon.pngDirection générale du Trésorhttps://localhost/sitepublic/contact@dgtresor.gouv.frd28010a7-fd1f-46a9-86e9-143f4faa0331

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2026-04-10T00:00:00+02:00<div class="focus"> <h2 class="MsoToc1" style="margin: 2pt 0cm; text-align: center;"><strong><a href="#_Toc226705027">Focus - L&rsquo;&Eacute;quateur et les &Eacute;tats-Unis actent leur rapprochement &eacute;conomique par la signature d&rsquo;un accord r&eacute;ciproque de commerce. <span style="color: #e4a503; display: none; text-decoration: none;">2</span></a></strong></h2> </div> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705028"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705029"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Banque mondiale pr&eacute;voit une nouvelle contraction &eacute;conomique en 2026.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705029"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705030"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705031"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;agence de notation S&amp;P d&eacute;grade la note souveraine de la Colombie &agrave; BB-.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705032"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les recettes publiques augmenteront sous l&rsquo;effet de la hausse des cours p&eacute;troliers.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705033"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La crise budg&eacute;taire limite le financement de la protection de l&rsquo;environnement.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705034"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En f&eacute;vrier, les exportations augmentent de plus de 11&nbsp;% en g.a. gr&acirc;ce aux ventes d&rsquo;or, valeur refuge dans un contexte international d&eacute;grad&eacute;.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705035"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Colombie est le pays de l&rsquo;OCDE avec le taux le plus &eacute;lev&eacute; d&rsquo;auto-entrepreneurs.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705035"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705036"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705037"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;Equateur annonce une augmentation des surtaxes aux importations en provenance de la Colombie de 100&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705038"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les <em>remesas</em> des migrants &eacute;quatoriens atteignent 6&nbsp;% du PIB en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705039"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;Equateur renouvelle les contrats de production d&rsquo;&eacute;lectricit&eacute; thermique face &agrave; une situation &eacute;nerg&eacute;tique tendue.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705040"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;&Eacute;quateur et Sinohydro parviennent &agrave; un accord sur la centrale hydro&eacute;lectrique de <em>Coca Codo Sinclair</em>.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705040"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705041"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705042"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Au premier trimestre de 2026, les revenus p&eacute;troliers du Guyana ont atteint un niveau record.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</h2> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705043"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705044"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;inflation annuelle atteint 3,8&nbsp;% en mars, plus haut niveau en pr&egrave;s de 2&nbsp;ans et demi.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705045"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement relance les lignes 3 et 4 du m&eacute;tro de Lima via des PPP pour assurer leur financement et leur ex&eacute;cution.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</h2> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705046"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">Surin</span></a><a href="#_Toc226705046"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">ame</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705047"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Cour des comptes surinamaise souligne les difficult&eacute;s structurelles de la gestion des finances publiques.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</h2> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705048"><span style="font-family: 'Marianne ExtraBold'; font-weight: normal;">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; font-weight: normal; text-decoration: none; text-underline: none;">8</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705049"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L'Assembl&eacute;e nationale adopte la r&eacute;forme mini&egrave;re.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">8</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705050"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les exportations p&eacute;troli&egrave;res se dirigent vers de nouveaux clients dans un contexte de blocage au Moyen-Orient.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">8</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc226705051"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La consommation des m&eacute;nages demeure tr&egrave;s contrainte par un faible pouvoir d&rsquo;achat et un acc&egrave;s limit&eacute; au cr&eacute;dit.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">8</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif; letter-spacing: -.3pt;">&nbsp;</span></p>e1cc73de-6507-4eb7-899b-e8a3ce5b7391

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2026-04-01T00:00:00+02:00<div class="focus"> <h2 class="MsoToc1" style="margin: 7pt 0cm; text-align: center;"><a href="#_Toc225929816"><span style="letter-spacing: -.3pt;">Focus : Le Venezuela acte une ouverture &eacute;conomique progressive &agrave; coup d&rsquo;autorisations de l&rsquo;OFAC, centr&eacute;e sur les hydrocarbures et les mines.</span> <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><a href="#_Toc225929817"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929818"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En f&eacute;vrier, le ch&ocirc;mage atteint un point bas historique, &agrave; 9,2&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929819"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Colombie envisage de se retirer du centre international pour le r&egrave;glement des diff&eacute;rends relatifs aux investissements (CIRDI).</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929820"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque centrale r&eacute;hausse le taux directeur &agrave; 11,25&nbsp;%, marquant la fracture entre l&rsquo;ex&eacute;cutif et l&rsquo;entit&eacute; mon&eacute;taire.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><a href="#_Toc225929821"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929822"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le FMI et l&rsquo;&Eacute;quateur parviennent &agrave; un accord sur la cinqui&egrave;me revue du programme EFF.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><a href="#_Toc225929823"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929824"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La production de p&eacute;trole brut a atteint 918&nbsp;000 barils par jour (b/j) en f&eacute;vrier 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><a href="#_Toc225929825"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929826"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les mesures du Congr&egrave;s pourraient alourdir fortement les finances publiques, selon le Conseil budg&eacute;taire.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929827"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le march&eacute; immobilier p&eacute;ruvien d&eacute;marre 2026 avec dynamique positive port&eacute;e par le cr&eacute;dit et un retour progressif des investisseurs.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><a href="#_Toc225929828"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929829"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En f&eacute;vrier, l&rsquo;inflation s&rsquo;&eacute;tablit &agrave; un niveau &eacute;lev&eacute; de 10,8&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929830"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Pour limiter la d&eacute;pense publique, le minist&egrave;re des Affaires int&eacute;rieures licencie 2&nbsp;130 fonctionnaires.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><a href="#_Toc225929831"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929832"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque centrale publie les chiffres de l&rsquo;inflation apr&egrave;s 15 mois de silence.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc225929833"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le syst&egrave;me &eacute;lectrique v&eacute;n&eacute;zu&eacute;lien aurait besoin de 15&nbsp;Md$ &agrave; 40&nbsp;Md$ d&rsquo;investissements.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 7.0pt 0cm 7.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>5fead7ef-76c5-40aa-932d-467510800869

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2026-03-26T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin: 6pt 0cm; text-align: center;"><span class="MsoHyperlink"><a href="#_Toc225431363">Focus : A trois semaines des &eacute;lections, le P&eacute;rou b&eacute;n&eacute;ficie d&rsquo;une conjoncture dynamique mais limit&eacute;e par l&rsquo;instabilit&eacute; politique. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></span></h2> </div> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><span class="MsoHyperlink"><a href="#_Toc225431364"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431365"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Une semaine apr&egrave;s Moody&rsquo;s, S&amp;P rel&egrave;ve la note souveraine de la Bolivie &agrave; CCC+.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><span class="MsoHyperlink"><a href="#_Toc225431366"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431367"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le gouvernement ordonne la liquidation des assurances-sant&eacute; (EPS) en faillite.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431368"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La hausse internationale des prix du p&eacute;trole accentue le d&eacute;ficit budg&eacute;taire.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431369"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Colombie r&eacute;hausse les droits de douane sur les importations sid&eacute;rurgiques et c&eacute;ramiques.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431370"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le ph&eacute;nom&egrave;ne <em>El Ni&ntilde;o</em> pourrait se d&eacute;clencher au S2 2026, exer&ccedil;ant une pression sur les ressources naturelles.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431371"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le vieillissement d&eacute;mographique repr&eacute;sente une opportunit&eacute; pour la <em>silver economy</em>.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><span class="MsoHyperlink"><a href="#_Toc225431372"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431373"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La croissance a atteint 3,7&nbsp;% en 2025, signant une reprise apr&egrave;s la r&eacute;cession de 2024.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><span class="MsoHyperlink"><a href="#_Toc225431374"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431375"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La hausse des prix du p&eacute;trole souligne les d&eacute;pendances &eacute;nerg&eacute;tiques du Guyana.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><span class="MsoHyperlink"><a href="#_Toc225431376"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431377"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque centrale du P&eacute;rou rel&egrave;ve sa pr&eacute;vision de croissance &agrave; 3,2&nbsp;% malgr&eacute; des chocs climatiques et &eacute;nerg&eacute;tiques.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431378"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les exportations agroalimentaires d&eacute;passent les 15&nbsp;Md$ en 2025 et consolident leur pr&eacute;sence sur le march&eacute; europ&eacute;en.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <h2><span class="MsoHyperlink"><a href="#_Toc225431379"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431380"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Fonds de cr&eacute;dit pour la production (PKF) permet une hausse significative de la production pour les PME.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><span class="MsoHyperlink"><a href="#_Toc225431381"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></h2> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431382"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Venezuela continue de chercher &agrave; attirer les investisseurs &eacute;trangers.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></span></p> <p class="MsoToc3" style="margin: 6.0pt 0cm 6.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc225431383"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le secteur automobile poursuit sa croissance.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>64fbf683-80ee-4ec1-8cf7-9a47b3f0e8e9

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2026-03-20T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc224894945">Focus &ndash; Guyana&nbsp;: des opportunit&eacute;s dans un pays en forte expansion &eacute;conomique. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2"><a href="#_Toc224894946"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc224894947"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Moody&rsquo;s rel&egrave;ve la note souveraine de la Bolivie &agrave; Caa3, signal d&rsquo;une perception de risque de d&eacute;faut att&eacute;nu&eacute;e &agrave; court terme.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc224894948"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les autorit&eacute;s pr&eacute;parent une r&eacute;forme des hydrocarbures pour attirer les investissements et annoncent souhaiter relancer la coop&eacute;ration &eacute;nerg&eacute;tique avec Petrobras</span></strong><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc224894949"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc224894950"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le ralentissement conjoncturel se confirme en Colombie d&eacute;but 2026 dans un contexte de conditions mon&eacute;taires appel&eacute;es &agrave; rester restrictives.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc224894951"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><a href="#_Toc224894952"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;&Eacute;quateur et les &Eacute;tats-Unis ont sign&eacute; un Accord de Commerce R&eacute;ciproque (ART).</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc224894953"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement &eacute;quatorien annonce la cr&eacute;ation d&rsquo;une &laquo; taxonomie &raquo; verte.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc224894954"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><a href="#_Toc224894955"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les in&eacute;galit&eacute;s de genre p&egrave;sent encore lourdement sur les revenus et la croissance.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc224894956"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Petroper&uacute; recevra une nouvelle injection de liquidit&eacute;s par l&rsquo;&Eacute;tat de pr&egrave;s de 150 M$.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc224894957"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc224894958"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les autorit&eacute;s plafonnement les prix des carburants pour contenir les pressions inflationnistes.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc224894959"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc224894960"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Nomination d&rsquo;Asdr&uacute;bal Ch&aacute;vez &agrave; la t&ecirc;te de CITGO propos&eacute;e par les autorit&eacute;s.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc224894961"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Nouvelles licences &eacute;tats-uniennes autorisant certaines activit&eacute;s dans le secteur &eacute;nerg&eacute;tique</span></strong><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp;&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 5.0pt 0cm 0cm 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>e9275fa5-5779-4c71-9b8a-ab9303512d7f

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2026-03-13T00:00:00+01:00<p class="MsoToc2"><a href="#_Toc224231456"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></p> <p class="MsoToc3"><a href="#_Toc224231457">L&rsquo;inflation recule &agrave; 17,4&nbsp;% en f&eacute;vrier, malgr&eacute; la persistance de tensions sur les prix. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></p> <p class="MsoToc2"><a href="#_Toc224231458"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></p> <p class="MsoToc3"><a href="#_Toc224231459">Inflation en baisse en f&eacute;vrier, &agrave; 5,3&nbsp;% g.a. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></p> <p class="MsoToc3"><a href="#_Toc224231460">Hausse de la dette externe, &agrave; 53,8&nbsp;% du PIB, tir&eacute;e par le secteur public. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></p> <p class="MsoToc3"><a href="#_Toc224231461">&laquo;&nbsp;Plan financier&nbsp;&raquo; 2026 : le gouvernement vise une r&eacute;duction du d&eacute;ficit &agrave; 5,1&nbsp;% du PIB<span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></p> <p class="MsoToc2"><a href="#_Toc224231462"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc224231463">Le minist&egrave;re de l&rsquo;Environnement et de l&rsquo;&Eacute;nergie (MAE) a lanc&eacute; un appel d&rsquo;offres pour le projet &laquo; Bloc de Cycle Combin&eacute; &raquo;. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc224231464">La CAF &ndash; Banque de d&eacute;veloppement de l&rsquo;Am&eacute;rique latine et des Cara&iuml;bes a approuv&eacute; des lignes de cr&eacute;dit d&rsquo;un montant de 450 MUSD. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc2"><a href="#_Toc224231465"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc224231466">Lancement de la distribution d&rsquo;un transfert exceptionnel de l&rsquo;ordre de 480&nbsp;USD par adulte<span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc2"><a href="#_Toc224231467"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc224231468">Selon Moody&rsquo;s, La panne du gazoduc de <em>Camisea</em> fait grimper les co&ucirc;ts pour les entreprises. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc224231469">La dette d&rsquo;EsSalud envers les fournisseurs d&eacute;passe 400 M EUR et r&eacute;v&egrave;le la crise du syst&egrave;me de sant&eacute;. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc2"><a href="#_Toc224231470"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc224231471">Rebond de la production p&eacute;troli&egrave;re selon le rapport mensuel de l&rsquo;OPEP<span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc224231472">Les autorit&eacute;s &eacute;tatsuniennes autorisent certaines transactions li&eacute;es &agrave; l&rsquo;or v&eacute;n&eacute;zu&eacute;lien et annoncent une premi&egrave;re livraison d&rsquo;or v&eacute;n&eacute;zu&eacute;lien. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 5.0pt 0cm 0cm 0cm;"><span style="font-size: 9.0pt;">&nbsp;</span></p>e9d45fb9-75b7-4165-97ef-672bbf5f4b67

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2026-03-05T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin: 8pt 0cm; text-align: center;"><a href="#_Toc223593515">Focus : Crise commerciale ouverte entre la Colombie et l&rsquo;&Eacute;quateur sur fond de narcotrafic. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 8.0pt 0cm 8.0pt 0cm;"><a href="#_Toc223593516"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc223593517"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La CAF a pr&eacute;sent&eacute; la strat&eacute;gie pays de la Bolivie et officialis&eacute; un engagement de financements de 3,1&nbsp;Md$.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin: 8.0pt 0cm 8.0pt 0cm;"><a href="#_Toc223593518"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc223593519"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En janvier, le ch&ocirc;mage baisse mais pr&eacute;sente des signes de fragilit&eacute;s.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc223593520"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;&Eacute;tat est en retard sur la pr&eacute;sentation de son plan budg&eacute;taire pour 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc223593521"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement cherche &agrave; ce que 6,6&nbsp;Md$ des fonds de pension lui soient revers&eacute;s.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc223593522"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les investissements directs &agrave; l&rsquo;&eacute;tranger entrants ont chut&eacute; de ‑16,1&nbsp;% en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin: 8.0pt 0cm 8.0pt 0cm;"><a href="#_Toc223593523"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc223593524"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La loi pour le renforcement des secteurs miniers et &eacute;nerg&eacute;tique est entr&eacute;e en vigueur.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 8.0pt 0cm 8.0pt 0cm;"><a href="#_Toc223593525"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc223593526"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement a publi&eacute; sa base de donn&eacute;es des minerais pr&eacute;sents sur son sol.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 8.0pt 0cm 8.0pt 0cm;"><a href="#_Toc223593527"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc223593528"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;incident de <em>Camisea</em> d&eacute;clenche l&rsquo;&eacute;tat d&rsquo;urgence et le rationnement du gaz.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc223593529"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les exportations mini&egrave;res ont augment&eacute; de 28&nbsp;% en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 8.0pt 0cm 8.0pt 0cm;"><a href="#_Toc223593530"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc223593531"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les r&eacute;serves internationales s&rsquo;&eacute;l&egrave;vent &agrave; 1,8&nbsp;Md$ en janvier.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 8.0pt 0cm 8.0pt 0cm;"><a href="#_Toc223593532"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3">&nbsp;</p> <p class="MsoToc3"><a href="#_Toc223593533"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Hausse des prix des produits alimentaires de base.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc223593534"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Des visites de prospection dans le secteur minier et p&eacute;trolier sont pr&eacute;vues.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoNormal" style="margin-top: 8.0pt; text-align: justify; line-height: normal;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>5229de0c-72d7-42cb-8a06-db2db5a0d818

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2026-02-26T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc223008921">Focus : Le FMI souligne l&rsquo;importance des d&eacute;fis budg&eacute;taire et mon&eacute;taire au Suriname en attendant le d&eacute;veloppement p&eacute;trolier de 2028. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 5.0pt 0cm 5.0pt 0cm;"><a href="#_Toc223008922"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008923"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; letter-spacing: -.1pt; mso-no-proof: yes;">Exc&eacute;dent budg&eacute;taire significatif en janvier.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin: 5.0pt 0cm 5.0pt 0cm;"><a href="#_Toc223008924"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008925"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le d&eacute;cret d&rsquo;urgence &eacute;conomique cherche &agrave; r&eacute;colter 2&nbsp;Md$ par une imposition du patrimoine des entreprises.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008926"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La confiance des entreprises montre des signes mixtes en janvier.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008927"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En 2025, le commerce a atteint sa plus forte croissance en 14 ans.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008928"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Colombie est officiellement devenue, le 19 f&eacute;vrier 2026, le 33^&egrave;me membre de l'Agence internationale de l'&eacute;nergie (AIE).</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin: 5.0pt 0cm 5.0pt 0cm;"><a href="#_Toc223008929"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008930"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Minist&egrave;re de l&rsquo;&eacute;conomie et des finances annonce un d&eacute;ficit budg&eacute;taire de 4,6&nbsp;Md$ en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008931"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le pr&eacute;sident Noboa a promulgu&eacute; une loi portant sur les finances publiques locales.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 5.0pt 0cm 5.0pt 0cm;"><a href="#_Toc223008932"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008933"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le NRF, fonds souverain du Guyana, a re&ccedil;u pr&egrave;s de 10&nbsp;M$ par jour de paiements p&eacute;troliers en janvier 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 5.0pt 0cm 5.0pt 0cm;"><a href="#_Toc223008934"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008935"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;investissement priv&eacute; a augment&eacute; de 10 % en 2025, sa plus grande expansion depuis 2012.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008936"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le secteur agricole a men&eacute; la croissance de l&rsquo;emploi au cours de la derni&egrave;re d&eacute;cennie.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 5.0pt 0cm 5.0pt 0cm;"><a href="#_Toc223008937"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008938"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En 2025, l&rsquo;inflation annuelle s&rsquo;&eacute;tablit &agrave; 11,4&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008939"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement baisse les redevances sur l&rsquo;or afin de d&eacute;courager la contrebande.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 5.0pt 0cm 5.0pt 0cm;"><a href="#_Toc223008940"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3" style="margin-top: 5.0pt;"><a href="#_Toc223008941"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les <em>remesas</em> passent davantage par des canaux formels gr&acirc;ce &agrave; la r&eacute;duction de la br&egrave;che cambiaire.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 5.0pt 0cm 5.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>ad1c2786-e702-4df9-8c28-9a44c6fed0f6

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2026-02-20T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin: 4pt 0cm; text-align: center;"><a href="#_Toc222403321"><span style="letter-spacing: -.8pt;">Focus : COLOMBIE &ndash; En 2025, la croissance reste soutenue mais pr&eacute;sente des fragilit&eacute;s structurelles.</span> <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 4.0pt 0cm 4.0pt 0cm;"><a href="#_Toc222403322"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403323"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le risque-pays baisse &agrave; 477&nbsp;points de base.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></p> <h2 class="MsoToc2" style="margin: 4.0pt 0cm 4.0pt 0cm;"><a href="#_Toc222403324"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403326"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le gouvernement maintient la hausse du salaire minimum &agrave; 23 %.</span></a></span></p> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403326"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En 2025, le d&eacute;ficit budg&eacute;taire s&rsquo;&eacute;tablit &agrave; ‑6,3&nbsp;% avec un d&eacute;ficit primaire de ‑3,4&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></p> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403327"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les inondations dans le nord du pays mettent en &eacute;vidence l&rsquo;insuffisance de la couverture assurantielle des agriculteurs.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></p> <h2 class="MsoToc2" style="margin: 4.0pt 0cm 4.0pt 0cm;"><a href="#_Toc222403328"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403329"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;&Eacute;quateur et les &Eacute;tats-Unis ont conclu les n&eacute;gociations pour un Accord de commerce r&eacute;ciproque (ART).</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></p> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403330"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La soci&eacute;t&eacute; publique de p&eacute;trole <em>Petroecuador</em> a conclu une alliance strat&eacute;gique avec les &Eacute;mirats arabes unis.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <h2 class="MsoToc2" style="margin: 4.0pt 0cm 4.0pt 0cm;"><a href="#_Toc222403331"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403332"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le projet de construction d&rsquo;un canal dans la r&eacute;gion n^o&nbsp;3 a &eacute;t&eacute; remport&eacute; par trois entreprises.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <h2 class="MsoToc2" style="margin: 4.0pt 0cm 4.0pt 0cm;"><a href="#_Toc222403333"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403334"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">3,4&nbsp;% de croissance en 2025, port&eacute;e par les secteurs non‑primaires</span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403335"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le d&eacute;ficit en 2025 r&eacute;v&egrave;le des fragilit&eacute;s budg&eacute;taires en amont de l&rsquo;&eacute;lection.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403336"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Apr&egrave;s la destitution du pr&eacute;sident Jos&eacute; Jer&iacute;, l&rsquo;&eacute;conomie p&eacute;ruvienne fait face &agrave; une incertitude persistante.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <h2 class="MsoToc2" style="margin: 4.0pt 0cm 4.0pt 0cm;"><a href="#_Toc222403337"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403338"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;OFAC d&eacute;livre une nouvelle licence g&eacute;n&eacute;rale autorisant certaines compagnies p&eacute;troli&egrave;res occidentales &agrave; op&eacute;rer.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403339"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le raffineur &eacute;tatsunien <em>Valero Energy</em> pr&eacute;voirait d&rsquo;importer 6,5&nbsp;M&nbsp;de barils de p&eacute;trole en mars.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></p> <p class="MsoToc3" style="margin: 4.0pt 0cm 4.0pt 0cm;"><span style="mso-no-proof: yes;"><a href="#_Toc222403340"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;essence d&rsquo;indice d&rsquo;octane 97 devrait revenir au Venezuela.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 4.0pt 0cm 4.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>a210d04a-ec57-4ea7-991b-b811ac81b467

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2026-02-13T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc221871181">Focus : Petroper&uacute; rencontre des difficult&eacute;s financi&egrave;res croissantes qui p&egrave;sent sur les finances publiques. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><a href="#_Toc221871182"><span style="font-family: 'Marianne ExtraBold';">Zone</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc221871183"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En 2025, la corruption demeure &agrave; des niveaux &eacute;lev&eacute;s dans la plupart des pays d&rsquo;Am&eacute;rique du Sud.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><a href="#_Toc221871184"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc221871185"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;inflation s&rsquo;&eacute;tablit &agrave; 5,3&nbsp;% g.a. en janvier, en nette acc&eacute;l&eacute;ration par rapport &agrave; 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc221871186"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La r&eacute;cente hausse du co&ucirc;t du travail affecterait largement les entreprises.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc221871187"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement d&eacute;clare l&rsquo;&eacute;tat d&rsquo;urgence &eacute;conomique dans huit d&eacute;partements.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><a href="#_Toc221871188"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc221871189"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le risque de crise &eacute;lectrique s&rsquo;&eacute;loigne &agrave; court terme du fait de pluies abondantes.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc221871190"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le programme minier du gouvernement se poursuit avec des projets mis en &oelig;uvre par des soci&eacute;t&eacute;s canadiennes.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><a href="#_Toc221871191"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc221871192"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les autorit&eacute;s souhaitent lancer la deuxi&egrave;me phase des subventions directes aux m&eacute;nages.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><a href="#_Toc221871193"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc221871194"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le m&eacute;ga-port de <em>Chancay</em> ravive le d&eacute;bat sur la r&eacute;gulation &eacute;tatique au P&eacute;rou.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin-top: 6.0pt;"><a href="#_Toc221871195"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc221871196"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;assouplissement des sanctions &eacute;tatsuniennes se poursuit.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc221871197"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Si des devises p&eacute;troli&egrave;res ont pu &ecirc;tre r&eacute;inject&eacute;es dans l&rsquo;&eacute;conomie, ces r&eacute;injections sont complexes &agrave; mettre en &oelig;uvre et restent insuffisantes en volume.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc221871198"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La production de p&eacute;trole diminue &agrave; 924&nbsp;000 barils par jour en janvier.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>aa0b5d53-5f9c-4054-8234-cc77e684236b

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2026-02-06T00:00:00+01:00<div class="focus"> <h2 style="text-align: center;"><span class="MsoHyperlink"><a href="#_Toc221260085"><span style="letter-spacing: -.3pt;">Focus : Guyana &ndash; Le budget pr&eacute;sent&eacute; int&egrave;gre des transformations de la gouvernance &eacute;conomique</span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></span></h2> </div> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc221260086"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260087"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En d&eacute;cembre, la balance commerciale est exc&eacute;dentaire (+159&nbsp;M$) alors qu&rsquo;elle &eacute;tait g&eacute;n&eacute;ralement d&eacute;ficitaire depuis 2024.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc221260088"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260089"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque centrale rel&egrave;ve de 100 pdb son taux d&rsquo;int&eacute;r&ecirc;t directeur, &agrave; 10,25&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260090"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En 2025, le taux de ch&ocirc;mage recule &agrave; 8,9&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260091"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Cour constitutionnelle suspend temporairement le d&eacute;cret d&rsquo;urgence &eacute;conomique, une premi&egrave;re en Colombie.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc221260092"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260093"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le gouvernement &eacute;quatorien et <em>Power China</em> ont entam&eacute; des n&eacute;gociations pour la concession de <em>Coca Codo Sinclair</em>.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260094"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Petroecuador a pour objectif de doubler la production de gaz naturel.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc221260095"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260096"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le ch&ocirc;mage a atteint un point bas &agrave; 6,8&nbsp;% au T4 2024.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc221260097"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260098"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L'exploitation mini&egrave;re informelle met en p&eacute;ril 12&nbsp;Md$ de projets d'investissement.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260099"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les exportations p&eacute;ruviennes ont d&eacute;pass&eacute; 90&nbsp;Md$ en 2025, un nouveau record.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc221260100"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260101"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Suriname lance un cr&eacute;dit destin&eacute; aux jeunes entrepreneurs.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc221260102"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260103"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les &Eacute;tats-Unis assouplissent les sanctions envers le p&eacute;trole v&eacute;n&eacute;zu&eacute;lien.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260104"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La r&eacute;forme de la loi sur les hydrocarbures ouvre la porte aux investissements &eacute;trangers.</span></a></span></span></p> <p><a href="#_Toc221260201">En d&eacute;cembre, la production de p&eacute;trole aurait atteint 1,1&nbsp;M de bpj.</a></p> <p class="MsoToc3" style="margin: 7.0pt 0cm 7.0pt 0cm;"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc221260104"><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p>fb0feb52-cb6d-4a73-ae48-e014fe9a7c6f

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2026-01-29T00:00:00+01:00<div class="focus"> <h2 style="text-align: center;"><span class="MsoHyperlink"><a href="#_Toc220600491">Focus : Les minerais critiques et terres rares en Bolivie, un potentiel encore peu exploit&eacute;. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></span></h2> </div> <h2 class="MsoToc2"><span class="MsoHyperlink"><a href="#_Toc220600492"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600493"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Bolivie commence la restitution des d&eacute;p&ocirc;ts en devises d&eacute;tenus par la Banque centrale.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <h2 class="MsoToc2"><span class="MsoHyperlink"><a href="#_Toc220600494"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600495"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;&Eacute;quateur augmente de 900&nbsp;% les droits de douane li&eacute;s au transport du p&eacute;trole colombien.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600496"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;indice d&rsquo;activit&eacute; &eacute;conomique a montr&eacute; une croissance de 3,1&nbsp;% en novembre (g.a.)</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600497"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La probabilit&eacute; d&rsquo;un d&eacute;faut d&rsquo;approvisionnement en gaz s&rsquo;&eacute;l&egrave;ve &agrave; 39&nbsp;% en 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600498"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le gouvernement envisage de supprimer l&rsquo;indexation des logements sociaux au salaire minimum.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <h2 class="MsoToc2"><span class="MsoHyperlink"><a href="#_Toc220600499"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600500"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;&Eacute;quateur et l&rsquo;UE concluent un accord de facilitation des investissements durables.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <h2 class="MsoToc2"><span class="MsoHyperlink"><a href="#_Toc220600501"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600502"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En 2025, la croissance a &eacute;t&eacute; de 19,3&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2"><span class="MsoHyperlink"><a href="#_Toc220600503"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600504"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le d&eacute;ficit budg&eacute;taire du P&eacute;rou en 2025 est estim&eacute; &agrave; 2,2 % du PIB.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600505"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L'Union europ&eacute;enne aurait investi 30&nbsp;Md$ sur les dix derni&egrave;res ann&eacute;es.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2"><span class="MsoHyperlink"><a href="#_Toc220600506"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600507"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Shell et BP demandent de nouvelles licences pour les champs Dragon et Loran-Manatee.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600508"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les &Eacute;tats-Unis remplacent la Chine dans la captation du p&eacute;trole v&eacute;n&eacute;zu&eacute;lien</span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a>.</span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc220600509"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque centrale annonce une nouvelle vente de devises pour 200&nbsp;M$, issues des exportations de p&eacute;trole.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <p class="MsoNormal" style="margin-top: 8.0pt; text-align: justify; line-height: normal;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>3d496c5b-a9c1-45fa-b8e3-72dcb3c34bd6

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2026-01-27T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc220424187">Focus : La Banque Interam&eacute;ricaine de d&eacute;veloppement (BID), un acteur central du financement du d&eacute;veloppement<span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2"><a href="#_Toc220424188"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc220424189"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement abroge le d&eacute;cret 5503 et publie le nouveau d&eacute;cret 5516 apr&egrave;s trois semaines de crise sociale</span></strong><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp;&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc220424190"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc220424191"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les IDE chutent de ‑14&nbsp;% en g.a. en 2025.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc220424192"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement propose de rapatrier jusqu&rsquo;&agrave; 27&nbsp;Md$ d&rsquo;&eacute;pargne retraite pour financer l&rsquo;&eacute;conomie colombienne et notamment les infrastructures.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc220424193"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Escalade commerciale entre la Colombie et l&rsquo;&Eacute;quateur&nbsp;avec des droits de douane r&eacute;ciproques de 30 % et suspension temporaire des ventes d&rsquo;&eacute;lectricit&eacute;</span></strong><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp;&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc220424194"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le taux d&rsquo;informalit&eacute; diminue chez les femmes.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc220424195"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc220424196"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;&Eacute;quateur a &eacute;mis 4&nbsp;Md$ &ndash; la plus importante &eacute;mission de son histoire &ndash; marquant son retour sur les march&eacute;s internationaux.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc220424197"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le secteur halieutique &eacute;quatorien affiche un record de ses exportations en 2025.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc220424198"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc220424199"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les travaux publics paralys&eacute;s d&eacute;passent 12,6 Md$ d&rsquo;investissements.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc220424200"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Banque centrale maintient sa cible de r&eacute;serves en or &agrave; 5&nbsp;%, strat&eacute;gie critiqu&eacute;e par certains analystes des march&eacute;s.</span></strong> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2"><a href="#_Toc220424201"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc220424202"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Bolivar s&rsquo;est d&eacute;pr&eacute;ci&eacute; de 474 % en 2025 et continue de chuter d&eacute;but 2026</span></strong><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp;&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc220424203"><strong><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Venezuela a re&ccedil;u une 1^e tranche de 300&nbsp;M$ issue de la vente du p&eacute;trole aux &Eacute;tats-Unis</span></strong><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p>36ef5cd2-6511-478a-9d44-5035ecb70b1f

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2026-01-16T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc219447809">Focus : le secteur p&eacute;trolier &eacute;quatorien, contraintes structurelles et perspectives<span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc219447810"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p><a href="#_Toc219447811"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement &eacute;met un nouveau d&eacute;cret contenant des mesures moins ambitieuses.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc219447812"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p><a href="#_Toc219447813"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En 2025, l&rsquo;inflation a &eacute;t&eacute; de 5,1&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p><a href="#_Toc219447814"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Colombie a &eacute;mis sa plus importante &eacute;mission d&rsquo;obligations pour un total de 5&nbsp;Md$.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p><a href="#_Toc219447815"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Banque mondiale estime que la croissance sera de 2,6&nbsp;% en 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc219447816"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p><a href="#_Toc219447817"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les soci&eacute;t&eacute;s p&eacute;troli&egrave;res &eacute;trang&egrave;res permettraient une hausse de la production de 4&nbsp;000 b/jour en 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p><a href="#_Toc219447818"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement pr&eacute;sentera une nouvelle r&eacute;forme juridique pour les investissements &eacute;lectriques.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc219447819"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p><a href="#_Toc219447820"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Malgr&eacute; la baisse des cours du p&eacute;trole, le Guyana reste comp&eacute;titif.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc219447821"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p><a href="#_Toc219447822"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les exportations agricoles p&eacute;ruviennes atteignent des niveaux historiques.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p><a href="#_Toc219447823"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les recettes fiscales augmentent de 11</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">% en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p><a href="#_Toc219447824"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le soutien &agrave; <em>Petroper&uacute;</em> a pes&eacute; sur les comptes publics.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc219447825"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p><a href="#_Toc219447826"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Banque centrale publie avec retard son rapport annuel de 2023.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc219447827"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p><a href="#_Toc219447828">Les Etats-Unis ont pr&eacute;sent&eacute; un plan de d&eacute;veloppement pour le Venezuela en trois &eacute;tapes. <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p><a href="#_Toc219447829"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La pr&eacute;sidente par int&eacute;rim annonce un renouvellement l&eacute;gislatif afin d&rsquo;attirer les investisseurs.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p><a href="#_Toc219447830"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le blocus contre la flotte fant&ocirc;me se poursuit dans la mer des Cara&iuml;bes.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>c4a141ae-78f4-4d74-881e-49a58236be2b

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2026-01-08T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin: 4pt 0cm; text-align: center;"><span class="MsoHyperlink"><a href="#_Toc218786681"><span style="letter-spacing: -.3pt;">Focus : Le Venezuela et l&rsquo;or noir</span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></span></h2> </div> <h2 class="MsoToc2" style="text-align: justify; margin: 4.0pt 0cm 4.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc218786682"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786683"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Bolivie adopte un d&eacute;cret d&rsquo;urgence pour stabiliser la situation macro&eacute;conomique.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <h2 class="MsoToc2" style="text-align: justify; margin: 4.0pt 0cm 4.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc218786684"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786685"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Entre janvier et novembre, les recettes fiscales atteignent 97&nbsp;% de leur objectif.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786686"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Forte augmentation du salaire minimum pour 2026, aux impacts &eacute;conomiques possiblement significatifs.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786687"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les <em>remesas</em> repr&eacute;sentent 1&nbsp;Md$ en novembre.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786688"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En novembre, les exportations baissent de ‑2,7&nbsp;% en g.a.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <h2 class="MsoToc2" style="text-align: justify; margin: 4.0pt 0cm 4.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc218786689"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786690"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les ventes d&rsquo;automobiles augmentent de 15&nbsp;% par rapport &agrave; 2024.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <h2 class="MsoToc2" style="text-align: justify; margin: 4.0pt 0cm 4.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc218786691"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786692"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Force de D&eacute;fense du Guyana (GDF) renforce ses capacit&eacute;s a&eacute;riennes avec deux nouveaux h&eacute;licopt&egrave;res <em>Bell</em>.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786693"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les importations &eacute;tatsuniennes de p&eacute;trole brut en provenance du Guyana ont atteint des niveaux records en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <h2 class="MsoToc2" style="text-align: justify; margin: 4.0pt 0cm 4.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc218786694"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786695"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L'inflation au P&eacute;rou a &eacute;t&eacute; la plus faible de la r&eacute;gion en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786696"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le niveau des r&eacute;serves internationales bat un record en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <h2 class="MsoToc2" style="text-align: justify; margin: 4.0pt 0cm 4.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc218786697"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786698"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les &Eacute;tats-Unis permettent les importations de produits halieutiques surinamais.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <h2 class="MsoToc2" style="text-align: justify; margin: 4.0pt 0cm 4.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc218786699"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc218786700"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les &Eacute;tats-Unis poursuivent le blocage des cargos p&eacute;troliers sortants du Venezuela.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 4.0pt 0cm 4.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>3769c221-362f-4fda-9dc8-bca7d073b283

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2025-12-19T00:00:00+01:00<div class="focus"> <h2 style="text-align: center;"><em><a name="_Toc217032522"></a>Focus<a name="_Hlk189758856"></a> &ndash; P&Eacute;ROU - Vote de la loi de finances pour 2026</em></h2> </div> <h2 class="MsoToc2" style="margin: 0cm 0cm 3.0pt 0cm;"><a href="#_Toc217026209"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026210"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La culture de coca devrait atteindre 40</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">000 hectares en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin: 0cm 0cm 3.0pt 0cm;"><a href="#_Toc217026211"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026212"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Fitch d&eacute;grade la note de la Colombie de BB+ &agrave; BB.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026213"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;indice d&rsquo;activit&eacute; &eacute;conomique ralentit tout en restant dynamique, &agrave; 2,5</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">% en g.a. en octobre.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026214"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le nombre de jeunes &laquo; ni &eacute;tudiant, ni employ&eacute;, ni en formation &raquo; (NEET) baisse et s&rsquo;&eacute;tablit &agrave; 20,6</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">%.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026215"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;industrie manufacturi&egrave;re cro&icirc;t de 1,9</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">% g.a. en octobre.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026216"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les partenaires sociaux &eacute;chouent &agrave; trouver un accord sur la hausse du salaire minimum.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin: 0cm 0cm 3.0pt 0cm;"><a href="#_Toc217026217"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026218"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Financement de la BID de 203</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">M$ pour le financement des PME via la CFN.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026219"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Rebond des revenus externes tir&eacute; par les exportations non‑p&eacute;troli&egrave;res.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026220"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Hausse du salaire minimum : un signal social au co&ucirc;t comp&eacute;titif &eacute;lev&eacute;.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 0cm 0cm 3.0pt 0cm;"><a href="#_Toc217026221"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026222"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La production de p&eacute;trole devrait s&rsquo;&eacute;tablir entre 700</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">000 et 725</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">000</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">bpj en moyenne sur l&rsquo;ann&eacute;e 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 0cm 0cm 3.0pt 0cm;"><a href="#_Toc217026223"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026224"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Face &agrave; l&rsquo;int&eacute;r&ecirc;t mondial pour le nucl&eacute;aire, <em>American Lithium</em> dissocie ses activit&eacute;s li&eacute;es au lithium et &agrave; l'uranium.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026225"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">S&amp;P r&eacute;affirme la note cr&eacute;ditrice et la perspective de cr&eacute;dit, &agrave; BBB- (perspective stable) du P&eacute;rou.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 0cm 0cm 3.0pt 0cm;"><a href="#_Toc217026226"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026227"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En novembre, le Venezuela a produit 1,1</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">M de barils par jour.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026228"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement &eacute;met un d&eacute;cret d&rsquo;urgence &eacute;conomique.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026229"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;UE renouvelle ses sanctions contre le Venezuela.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin-bottom: 3.0pt;"><a href="#_Toc217026230"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les &Eacute;tats-Unis renforcent leur pr&eacute;sence militaire pour intercepter les navires p&eacute;troliers contournant les sanctions.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoNormal" style="margin-bottom: 3.0pt; text-align: justify; line-height: normal;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>a0bcf0b1-8411-4a5a-b674-a6edf0e7f6ed

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2025-12-12T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin: 2pt 0cm; text-align: center;"><span class="MsoHyperlink"><a href="#_Toc216453826">Focus - Face &agrave; l&rsquo;incertitude &eacute;conomique, les <em>remesas</em> atteignent des montants historiques en Am&eacute;rique latine et dans les Cara&iuml;bes. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></span></h2> </div> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc216453827"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453828"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les autorit&eacute;s proposent un partage de la moiti&eacute; des recettes budg&eacute;taires avec les collectivit&eacute;s locales.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453829"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;inflation atteint 21</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">% en rythme annuel en novembre.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc216453830"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453831"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;inflation d&eacute;c&eacute;l&egrave;re et s&rsquo;&eacute;tablit &agrave; 5,3&nbsp;% en novembre.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453832"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En difficult&eacute;, le secteur du gaz menace la souverainet&eacute; &eacute;nerg&eacute;tique de la Colombie.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453833"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le d&eacute;ficit courant atteint 2,4&nbsp;% du PIB au T3 2025 et les <em>remesas</em> repr&eacute;sentent 3&nbsp;% du PIB.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453834"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Congr&egrave;s s&rsquo;oppose &agrave; la r&eacute;forme fiscale.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc216453835"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453836"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Haye condamne l&rsquo;Equateur &agrave; verser 221</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">M$ &agrave; Chevron.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453837"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le march&eacute; boursier &eacute;quatorien devrait franchir le seuil des 19&nbsp;Md$ de transactions en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453838"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Signature d'un trait&eacute; de promotion et protection des investissements avec les Emirats arabes unis (EAU).</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453839"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">CELEC engage des poursuites contre ATM apr&egrave;s l&rsquo;&eacute;chec du projet thermo&eacute;lectrique Esmeraldas III.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc216453840"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453841"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Guyana d&eacute;veloppe son syst&egrave;me national d&rsquo;information sur la biodiversit&eacute;.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc216453842"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453843"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque mondiale (BM) alerte sur l&rsquo;inefficacit&eacute; de l&rsquo;investissement public.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453844"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque centrale met en avant la bonne sant&eacute; de l&rsquo;&eacute;conomie p&eacute;ruvienne.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc216453845"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453846"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En ao&ucirc;t, l&rsquo;inflation atteint 10,8&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><span class="MsoHyperlink"><a href="#_Toc216453847"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></h2> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453848"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le budget de l&rsquo;&Eacute;tat a augment&eacute; de 454 % (en nominal) par rapport &agrave; l'ann&eacute;e derni&egrave;re, une baisse de -12</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">% en dollar.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></span></p> <p class="MsoToc3"><span class="MsoHyperlink"><span style="mso-no-proof: yes;"><a href="#_Toc216453849"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Venezuela exporterait 81&nbsp;% de son p&eacute;trole vers la Chine.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></span></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>8c6fa2d4-97d4-4742-b574-ae5004e4fde0

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2025-12-05T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc215815538">Focus - Entre perte d&rsquo;influence et politiques affinitaires, Washington se r&eacute;int&eacute;resse aux pays andins o&ugrave; la Chine a d&eacute;j&agrave; fait son nid<span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp;&nbsp; </span></span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2"><a href="#_Toc215815539"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc215815540"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le pr&eacute;sident annonce la suppression des droits de douane pour les produits technologiques non produits par la Bolivie.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc215815541"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc215815542"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;indice agr&eacute;g&eacute; de productivit&eacute; totale est arr&ecirc;t&eacute; &agrave; 0,91&nbsp;% au T3 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc215815543"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La contraction de l&rsquo;investissement caract&eacute;rise la Colombie.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc215815544"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La production de caf&eacute; chute de 10&nbsp;% en octobre, marquant le d&eacute;but d&rsquo;un d&eacute;clin.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc215815545"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La croissance devrait atteindre 2,8&nbsp;% en 2025 mais le d&eacute;ficit atteindrait 6,2&nbsp;% du PIB.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc215815546"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><a href="#_Toc215815547"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le d&eacute;ficit budg&eacute;taire se creuse &agrave; nouveau en 2025, compliquant la trajectoire pr&eacute;sent&eacute;e dans le budget 2026 r&eacute;cemment approuv&eacute;.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc215815548"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Renforcement du soutien multilat&eacute;ral &agrave; l&rsquo;&Eacute;quateur.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc215815549"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Chute de la production p&eacute;troli&egrave;re en novembre.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc215815550"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc215815551"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La production de p&eacute;trole a atteint 841&nbsp;000&nbsp;barils par jour en octobre.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc215815552"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc215815553"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le paysage de la g&eacute;n&eacute;ration &eacute;lectrique au P&eacute;rou se transforme.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc215815554"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;OCDE rel&egrave;ve ses perspectives de croissance du P&eacute;rou en 2025 et 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc215815555"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;investissement public atteint des records en novembre 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2"><a href="#_Toc215815556"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3"><a href="#_Toc215815557"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le FMI souligne le besoin de continuer &agrave; r&eacute;former le pays</span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a>.</p> <h2 class="MsoToc2"><a href="#_Toc215815558"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3"><a href="#_Toc215815559"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement v&eacute;n&eacute;zu&eacute;lien fait appel de la vente de <em>Citgo</em>.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>04aa501f-8a59-41b2-9d95-3739ed99aaae

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2025-11-27T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin: 2pt 0cm; text-align: center;"><a href="#_Toc215131916">Focus : L&rsquo;accord de libre-&eacute;change avec la CAN positionne l&rsquo;UE comme un partenaire stable dans un contexte mondial incertain. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131917"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131918"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement annonce la r&eacute;duction de 30&nbsp;% des d&eacute;penses publiques et supprime quatre imp&ocirc;ts.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131918"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131919"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131920"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La baisse de l&rsquo;informalit&eacute; s&rsquo;accompagne d&rsquo;une formalit&eacute; plus intermittente et pr&eacute;caire.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131921"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les exportations colombiennes vers l&rsquo;Union europ&eacute;enne augmentent de 30,5&nbsp;% entre janvier et septembre.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131922"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Entre janvier et octobre, les recettes fiscales ont atteint 65,7&nbsp;Md$.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131923"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le d&eacute;bat sur la r&eacute;forme fiscale est report&eacute; au 2 d&eacute;cembre.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131923"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131924"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131925"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;agence de notation Fitch am&eacute;liore sa notation de la dette &eacute;quatorienne &agrave; B‑.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131926"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Malgr&eacute; des remesas record en 2025, pr&eacute;visions &agrave; la baisse pour 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131927"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Transfert de la centrale hydro&eacute;lectrique Coca Codo Sinclair &agrave; PowerChina.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131928"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le risque pays atteint son niveau le plus bas en 6 ans.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131928"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131929"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131930"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le projet Uaru devrait mener la capacit&eacute; de production du Guyana &agrave; 1,1&nbsp;M&nbsp;bpj.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131930"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131931"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131932"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;investissement priv&eacute; conna&icirc;t sa plus forte hausse en 12 ans.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131933"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les &Eacute;tats Unis ont &eacute;limin&eacute; les droits de douane sur plus de 100 produits agricoles p&eacute;ruviens.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131933"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131934"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131935"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les importations depuis les Pays-Bas en hausse de 19&nbsp;% au S1 2025.</span></a></p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131935"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131936"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc215131937"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;administration f&eacute;d&eacute;rale de l&rsquo;aviation des &Eacute;tats-Unis (FAA) perturbe la connectivit&eacute; a&eacute;rienne v&eacute;n&eacute;zu&eacute;lienne</span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>c05b9a2f-7812-472d-8384-8c4bccc7c0b3

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2025-11-20T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin: 2pt 0cm; text-align: center;"><a href="#_Toc214460124">Focus : Historique de l&rsquo;&eacute;volution du secteur p&eacute;trolier au Venezuela. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460125"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460126"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le ministre de l&rsquo;Economie confirme la suppression de la subvention aux carburants.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460127"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460128"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La croissance atteint 3,6&nbsp;% au T3 2025, port&eacute;e par la d&eacute;pense publique et une relance de l&rsquo;investissement productif.</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460129"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le CARF estime que le d&eacute;ficit budg&eacute;taire sera de 6,7&nbsp;% du PIB gr&acirc;ce aux op&eacute;rations de gestion de la dette.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460130"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les biens exempt&eacute;s de droits de douane des &Eacute;tats-Unis repr&eacute;sentent d&eacute;sormais 72&nbsp;% des exportations.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460131"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les b&eacute;n&eacute;fices d&rsquo;Ecopetrol chutent de 30&nbsp;% au T3 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460132"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La pauvret&eacute; &eacute;nerg&eacute;tique touche 15,4&nbsp;% de la population.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460133"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460134"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Lev&eacute;e des tarifs douaniers am&eacute;ricains sur certains produits d&rsquo;exportation &eacute;quatoriens.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460135"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le &laquo; No &raquo; l&rsquo;emporte au r&eacute;f&eacute;rendum &eacute;quatorien : les march&eacute;s r&eacute;agissent</span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460136"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le d&eacute;ficit fiscal a fait augmenter de plus de 6,7&nbsp;Md$ la dette publique au cours des 21 derniers mois.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460137"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460138"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;Europe est destinataire de la moiti&eacute; des exportations de p&eacute;trole du Guyana.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460139"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span></a></h2> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460139"><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460140"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Banque centrale maintient son taux d&rsquo;int&eacute;r&ecirc;t de r&eacute;f&eacute;rence &agrave; 4,25 %</span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp;&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460141"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La commission du Budget approuve un endettement ext&eacute;rieur record de 2,8&nbsp;Md$.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460142"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Malgr&eacute; les tensions commerciales mondiales, le P&eacute;rou maintient un commerce ext&eacute;rieur solide, repr&eacute;sentant plus de 50 % de son PIB.</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460142"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460143"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">8</span></a></h2> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc214460144"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le secteur externe non-p&eacute;trolier se contracte.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">8</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>d57f1d72-3537-4b8a-a0c9-22067450024c

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2025-11-14T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="margin-top: 0cm; text-align: center;"><a href="#_Toc213911207">Focus : COP30 - Malgr&eacute; des ambitions climatiques marqu&eacute;es, le financement de la transition &eacute;cologique reste sous-d&eacute;velopp&eacute;. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin-top: 0cm;"><a href="#_Toc213911208"><span style="font-family: 'Marianne ExtraBold';">Zone</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc213911209"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les s&eacute;niors rencontrent des difficult&eacute;s sur le march&eacute; du travail.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin-top: 0cm;"><a href="#_Toc213911210"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc213911211"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le pr&eacute;sident sortant Luis Arce quitte le pouvoir avec une inflation annuelle de 22,2</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">% en octobre.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="margin-top: 0cm;"><a href="#_Toc213911212"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc213911213"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;inflation acc&eacute;l&egrave;re et s&rsquo;&eacute;tablit &agrave; 5,51</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">% g.a. en octobre.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc213911214"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;indice de confiance du consommateur s&rsquo;&eacute;tablit &agrave; 13,6</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">%.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc213911215"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement pr&eacute;voit d&rsquo;augmenter les droits de douane sur les v&eacute;hicules thermiques.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2" style="margin-top: 0cm;"><a href="#_Toc213911216"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><a href="#_Toc213911217"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">R&eacute;serves internationales de la BCE : pic historique et liquidit&eacute; renforc&eacute;e.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc213911218"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L'Equateur re&ccedil;oit de nouveaux financements.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc213911219"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le risque pays tombe &agrave; son plus bas niveau depuis six ans (670 points).</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin-top: 0cm;"><a href="#_Toc213911220"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc213911221"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Guyana revoit &agrave; la hausse sa croissance gr&acirc;ce au dynamisme de sa production de p&eacute;trole.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="margin-top: 0cm;"><a href="#_Toc213911222"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc213911223"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement est sur le point d&rsquo;approuver le r&egrave;glement d'application de la loi sur les zones &eacute;conomiques sp&eacute;ciales priv&eacute;es.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc213911224"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les exportations de services ont augment&eacute; de 7,5</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">% au premier semestre 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="margin-top: 0cm;"><a href="#_Toc213911225"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc213911226"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La production p&eacute;troli&egrave;re est en hausse, pour s&rsquo;&eacute;tablir &agrave; 1,1</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">M bpj.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc213911227"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;intervention bancaire diminue au profit de l&rsquo;augmentation d&rsquo;utilisation des USDT.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc213911228"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La soci&eacute;t&eacute; Tigo-Millicom en n&eacute;gociation pour le rachat de Movistar Venezuela.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><strong>Erreur&nbsp;! Signet non d&eacute;fini.</strong></span></a></p> <p class="MsoNormal" style="margin-bottom: 2.0pt; text-align: justify; line-height: normal;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>1f7961de-b538-456b-b0f3-f54164bd6f48

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2025-11-07T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc213334739">Focus : Equateur &ndash; <em>Proforma</em> budg&eacute;taire 2026<span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>: hypoth&egrave;ses, trajectoire fiscale et enjeux<span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp;&nbsp; </span></span><span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc213334740"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334741"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La CAF annonce un programme de 3,1</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Md$ pour la r</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium';">&eacute;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">cup</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium';">&eacute;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">ration </span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium';">&eacute;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">conomique.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334742"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le potentiel en ressources mini&egrave;res de la Bolivie est confirm&eacute;.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc213334743"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334744"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque centrale maintient son taux directeur &agrave; 9,25</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">%.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334745"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;industrie enregistre en octobre son plus haut niveau de production depuis 14 ans.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334746"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le ch&ocirc;mage s&rsquo;&eacute;tablit &agrave; 8,2</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">% en septembre, en baisse de 1</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">pp par rapport </span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium';">&agrave;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';"> l</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium';">&rsquo;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">an dernier.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334747"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">En septembre, les exportations ont augment&eacute; de 11</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">% en g.a.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc213334748"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334749"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">T&eacute;l&eacute;communications &ndash; Renouvellement des concessions et sortie de Telef&oacute;nica.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334750"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Donation chinoise pour la relance &eacute;conomique.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc213334751"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334752"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">La Banque islamique de d&eacute;veloppement et la Banque interam&eacute;ricaine de d&eacute;veloppement signent un MoU de 1</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Md$ pour le Suriname et le Guyana.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334753"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Guyana mise sur ses ressources hors p&eacute;trole et gaz pour se d&eacute;velopper.</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334753"> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc213334754"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></h2> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334755"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le P&eacute;rou est le premier producteur de poisson d&rsquo;Am&eacute;rique latine.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334756"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le gouvernement annonce une s&eacute;rie de mesures d&rsquo;aust&eacute;rit&eacute; budg&eacute;taire.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334757"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Les banques p&eacute;ruviennes apparaissent &ecirc;tre solides et rentables.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc213334758"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">8</span></a></h2> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334759"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le Suriname a lev&eacute; 1,6</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Md$ sur les march</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium';">&eacute;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">s.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">8</span></a></span></p> <h2 class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc213334760"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">8</span></a></h2> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334761"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Le SENIAT publie le montant des recettes fiscales per&ccedil;ues pour le mois d&rsquo;octobre.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">8</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334762"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">L&rsquo;inflation atteindrait 400</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">% en 2025 selon des analystes.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">8</span></a></span></p> <p class="MsoToc3"><span style="mso-no-proof: yes;"><a href="#_Toc213334763"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Baisse des exportations de p&eacute;trole brut, impact&eacute;es par la baisse des importation de diluants en octobre dans le cadre des sanctions &eacute;tatsuniennes.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">8</span></a></span></p> <p class="ZOOM" style="mso-outline-level: 1;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>df66e1c3-17e6-480f-9b4b-e3b34054c87d

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2025-10-31T00:00:00+01:00<div class="focus"> <h2 class="MsoToc1" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734872">Focus : L&rsquo;inclusion financi&egrave;re dans les pays andins se renforce, pouss&eacute;e par les innovations num&eacute;riques. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734873"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734874"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La dette externe augmente de 13 % et les r&eacute;serves en devises s&rsquo;&eacute;puisent.</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734874"> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734875"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734876"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;indice boursier colombien atteint un niveau historique, malgr&eacute; une croissance mod&eacute;r&eacute;e sur le long terme.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734877"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le secteur du caf&eacute; continue de cro&icirc;tre mais pourrait &ecirc;tre affaibli par de nouveaux droits de douanes.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734878"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Conseil d&rsquo;&Eacute;tat suspend temporairement la mise en &oelig;uvre anticip&eacute;e de la r&eacute;forme de la sant&eacute;.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734879"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La bio&eacute;conomie repr&eacute;sente 0,13 % du PIB en 2024.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734880"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734881"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Fonds mon&eacute;taire international (FMI) a approuv&eacute; la troisi&egrave;me revue du programme de Facilit&eacute; &eacute;largie de cr&eacute;dit (EFF).</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734882"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">D&eacute;but des n&eacute;gociations sur l&rsquo;accord de facilitation des investissements durables UE&ndash;&Eacute;quateur (SIFA).</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734883"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Chute de l&rsquo;indice de risque-pays apr&egrave;s les gr&egrave;ves : une condition <em>sine qua non</em> pour un retour sur les march&eacute;s financiers.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734884"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Boom technologique : la crevette, <em>&laquo;</em></span><em><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span></em><em><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">or rose</span></em><em><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span></em><em><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium'; mso-no-proof: yes;">&raquo;</span></em> <span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">de l&rsquo;&Eacute;quateur prend le pas sur l&rsquo;&laquo;</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">or noir</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium'; mso-no-proof: yes;">&raquo;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734885"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734886"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Alors que la production atteint un niveau record, l&rsquo;Europe se positionne comme le premier client du p&eacute;trole guyanien.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734887"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734888"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le P&eacute;rou r&eacute;affirme son engagement dans le processus d&rsquo;adh&eacute;sion &agrave; l&rsquo;OCDE dans le cadre de l&rsquo;APEC 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734889"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les exportations p&eacute;ruviennes sont en forte croissance, notamment dans l&rsquo;agro-industrie.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734890"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734891"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le budget 2026 cherche l&rsquo;&eacute;quilibre entre essor p&eacute;trolier et d&eacute;veloppement durable.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;">&nbsp;</p> <p class="MsoToc2" style="margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734892"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734893"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le secteur bancaire se contracte en termes r&eacute;els.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734894"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le trait&eacute; de partenariat strat&eacute;gique et de coop&eacute;ration entre le Venezuela et la Russie entre en vigueur.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoToc3" style="line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><a href="#_Toc212734895"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les tensions entre le Venezuela et Trinit&eacute; et Tobago affectent le projet gazier <em>Dragon</em>.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 2.0pt 0cm 2.0pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>e0ed6ce6-03c4-4383-8725-20e4242d7890

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2025-10-24T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc212186847">Focus : Le P&eacute;rou mise sur son potentiel de production d&rsquo;&eacute;nergie solaire. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186848"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186849"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Rodrigo Paz Pereira est &eacute;lu pr&eacute;sident et promet &laquo;&nbsp;le capitalisme pour tous&nbsp;&raquo;.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186850"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Bolivie entre officiellement en r&eacute;cession apr&egrave;s le <em>rebasage </em>du PIB.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186851"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186852"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les <em>remesas</em> en bonne voie de d&eacute;passer le record de 2024, malgr&eacute; la future taxe &eacute;tasunienne.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186853"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;activit&eacute; &eacute;conomique poursuit sa dynamique, malgr&eacute; un ralentissement en ao&ucirc;t.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186854"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le gouvernement pr&eacute;sente un projet de d&eacute;cret pour fixer les prix de l&rsquo;&eacute;lectricit&eacute; en fonction des al&eacute;as climatiques.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186855"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">D. Trump suspend l&rsquo;aide bilat&eacute;rale &agrave; la Colombie et menace d&rsquo;augmenter les droits de douane.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186856"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En ao&ucirc;t, les importations continuent de cro&icirc;tre, poussant &agrave; la hausse le d&eacute;ficit commercial.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186857"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186858"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La r&eacute;forme du code mon&eacute;taire et financier modernise le syst&egrave;me financier.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186859"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;&Eacute;quateur &eacute;tend son dispositif de lutte contre le blanchiment d&rsquo;argent.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186860"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186861"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Guyana atteint une production record de p&eacute;trole, &agrave; 740&nbsp;000 bpj.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186862"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186863"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;emploi formel consolide sa croissance.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186864"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La dette publique pourrait atteindre 70&nbsp;% du PIB dans dix ans.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186865"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186866"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Total&Eacute;nergies annonce que son projet au bloc 58 est avanc&eacute; &agrave; 23&nbsp;%.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186867"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186868"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Bolivar (VES) continue de se d&eacute;pr&eacute;cier face au Dollar (USD).</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; margin: 4.8pt 0cm 4.8pt 0cm;"><a href="#_Toc212186869"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les exportations de charbon sont estim&eacute;es &agrave; 10 millions de tonnes en 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoNormal" style="mso-para-margin-top: .4gd; mso-para-margin-right: 0cm; mso-para-margin-bottom: .4gd; mso-para-margin-left: 0cm; text-align: justify; line-height: normal; tab-stops: right 453.1pt; margin: 4.8pt 0cm 4.8pt 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>87eebbce-a9f3-43f7-88f3-8a4acba1bb48

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2025-10-17T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc211583645">Focus : entre relance ferroviaire et d&eacute;fis logistiques, la Chine se positionne comme un alli&eacute; strat&eacute;gique de la Colombie.&nbsp;</a></h2> </div> <h2><a href="#_Toc211583646">Bolivie</a></h2> <p><a href="#_Toc211583647">Au S1 2025, l&rsquo;&eacute;conomie bolivienne s&rsquo;est contract&eacute;e de ‑2,4&nbsp;% en g.a.</a></p> <h2><a href="#_Toc211583648">Colombie</a></h2> <p><a href="#_Toc211583649">L&rsquo;extraction ill&eacute;gale d&rsquo;or (orpaillage) repr&eacute;senterait un manque &agrave; gagner budg&eacute;taire annuels de 1,3&nbsp;Md$.&nbsp;</a></p> <p><a href="#_Toc211583650">Le S&eacute;nat exige des clarifications budg&eacute;taires dans le cadre du projet de r&eacute;forme du syst&egrave;me de sant&eacute;.&nbsp;</a></p> <p><a href="#_Toc211583651">Le nombre de jeunes &laquo;&nbsp;ni en &eacute;tudes, ni en emploi, ni en formation&nbsp;&raquo; (NEET) repr&eacute;sentent 21,4 % des jeunes.</a></p> <p><a href="#_Toc211583652">Le Congr&egrave;s approuve la loi de finances pour 2026.</a></p> <h2><a href="#_Toc211583653">&Eacute;quateur</a></h2> <p><a href="#_Toc211583654">Troisi&egrave;me revue du programme &eacute;largi du FMI : maintien de la stabilit&eacute; macro&eacute;conomique et r&eacute;vision &agrave; la hausse de la croissance pour 2025.</a></p> <p><a href="#_Toc211583655">Reprise du march&eacute; automobile &eacute;quatorien port&eacute;e par les v&eacute;hicules hybrides et les importations de v&eacute;hicules indiens.</a></p> <p><a href="#_Toc211583656">Accumulation de pr&egrave;s de 5&nbsp;Md$ d&rsquo;arri&eacute;r&eacute;s budg&eacute;taires&nbsp;au T3 2025.</a></p> <h2><a href="#_Toc211583657">Guyana</a></h2> <p><a href="#_Toc211583658">Platts lance de nouvelles r&eacute;f&eacute;rences de fret pour le p&eacute;trole vers l&rsquo;Europe.</a></p> <h2><a href="#_Toc211583659">P&eacute;rou</a></h2> <p><a href="#_Toc211583660">La pr&eacute;sidente de la R&eacute;publique, Dina Boluarte, a &eacute;t&eacute; destitu&eacute;e le 10 octobre.</a></p> <p><a href="#_Toc211583661">Le P&eacute;rou dispose du meilleur niveau de r&eacute;serves de la r&eacute;gion et d&rsquo;une balance commerciale exc&eacute;dentaire</a>.</p> <h2><a href="#_Toc211583662">Suriname</a></h2> <p><a href="#_Toc211583663">Le Conseil de surveillance &eacute;conomique souligne la fragilit&eacute; de la situation &eacute;conomique du Suriname.</a></p> <h2><a href="#_Toc211583664">Venezuela&nbsp;</a></h2> <p><a href="#_Toc211583665">Fedecamaras observe une diminution de l&rsquo;activit&eacute; &eacute;conomique au T2 2025.</a></p> <p><a href="#_Toc211583666">Les &Eacute;tats-Unis autorisent Trinit&eacute;-et-Tobago &agrave; n&eacute;gocier l&rsquo;exploitation du gisement de gaz <em>Dragon</em> avec le Venezuela.</a></p> <p><a href="#_Toc211583667">La production p&eacute;troli&egrave;re atteint 1,1&nbsp;M de barils par jour en septembre.</a></p> <p><a href="#_Toc211583668">Le FMI anticipe une inflation en fin d&rsquo;ann&eacute;e &agrave; 559&nbsp;%, et 270&nbsp;% en moyenne sur l&rsquo;ann&eacute;e.</a></p>ec005ee5-0a5e-4d5f-af43-49e36203acfe

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2025-10-09T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc210913182">Focus : Colombie &ndash; un nouveau texte de r&eacute;forme de la sant&eacute; arrive au S&eacute;nat, l&agrave; o&ugrave; le premier avait &eacute;chou&eacute;.</a></h2> </div> <h2><a href="#_Toc210913183">Bolivie</a></h2> <p><a href="#_Toc210913184">La Bolivie devrait conna&icirc;tre la plus faible croissance d&rsquo;Am&eacute;rique du Sud en 2025.</a></p> <h2><a href="#_Toc210913185">Colombie&nbsp;</a></h2> <p><a href="#_Toc210913186">Le taux de ch&ocirc;mage baisse &agrave; 8,6&nbsp;% en ao&ucirc;t mais le taux d&rsquo;activit&eacute; recule dans les zones rurales.&nbsp;</a></p> <p><a href="#_Toc210913187">En septembre, l&rsquo;inflation annuelle a atteint 5,18 %, d&eacute;passant les estimations des &eacute;conomistes.&nbsp;</a></p> <p><a href="#_Toc210913188">Malgr&eacute; le dynamisme du secteur cafetier, les exportations stagnent.&nbsp;</a></p> <p><a href="#_Toc210913189">Ecopetrol annonce le projet de regaz&eacute;ification du terminal de Cove&ntilde;as.&nbsp;</a></p> <h2><a href="#_Toc210913190">&Eacute;quateur&nbsp;</a></h2> <p><a href="#_Toc210913191">La BIESS consacre d&eacute;sormais 47 % de ses investissements &agrave; l&rsquo;achat d&rsquo;obligations d&rsquo;&Eacute;tat&nbsp;&nbsp;</a></p> <p><a href="#_Toc210913192">Le gouvernement distribue plus de 353&nbsp;M$ en bons sociaux.&nbsp;</a></p> <p><a href="#_Toc210913193">Une d&eacute;pendance croissante vis-&agrave;-vis des <em>remesas</em> en provenance des Etats-Unis&nbsp;&nbsp;</a></p> <h2><a href="#_Toc210913194">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc210913195">La soci&eacute;t&eacute; mini&egrave;re canadienne GMIN a obtenu les financements pour op&eacute;rer sur la mine d&rsquo;or <em>Oko West</em>.&nbsp;</a></p> <h2><a href="#_Toc210913196">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc210913197">La r&eacute;forme du syst&egrave;me &laquo; travaux publics contre imp&ocirc;ts&nbsp;&raquo; vise &agrave; dynamiser l&rsquo;investissement.&nbsp;</a></p> <p><a href="#_Toc210913198">Les termes de l&rsquo;&eacute;change atteignent leur niveau le plus favorable en 75 ans.&nbsp;</a></p> <h2><a href="#_Toc210913199">Suriname&nbsp;</a></h2> <p><a href="#_Toc210913200">Le Suriname approuve une loi de discipline budg&eacute;taire qui encadre le montant de la dette.&nbsp;</a></p> <h2><a href="#_Toc210913201">Venezuela</a></h2> <p><a href="#_Toc210913202">La dette atteint 137&nbsp;% du PIB en 2024.&nbsp;</a></p> <p><a href="#_Toc210913203">Le secteur pharmaceutique m&egrave;ne la croissance sectorielle.&nbsp;</a></p> <p><a href="#_Toc210913204">L&rsquo;inflation annuelle devrait se situer entre 280&nbsp;% et 350&nbsp;% en d&eacute;cembre.&nbsp;</a></p>e364945a-85eb-4d90-a56d-231d53baedad

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2025-10-03T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc210377465">Focus Colombie : la lente mais d&eacute;termin&eacute;e transition &eacute;nerg&eacute;tique.</a></h2> </div> <h2><a href="#_Toc210377466">Bolivie&nbsp;</a></h2> <p><a href="#_Toc210377467">Le D&eacute;partement de Santa Cruz repr&eacute;sentait 30&nbsp;% du PIB bolivien en 2024.&nbsp;</a></p> <h2><a href="#_Toc210377468">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc210377469">Le pays perd six places selon l&rsquo;Indice de libert&eacute; &eacute;conomique de l&rsquo;Institut Faser.&nbsp;</a></p> <p><a href="#_Toc210377470">Bogot&aacute; investit 9&nbsp;Md$ dans les infrastructures pour am&eacute;liorer la mobilit&eacute; interne et connecter la capitale au reste du pays.&nbsp;</a></p> <p><a href="#_Toc210377471">La Banque centrale maintient son taux directeur &agrave; 9,25&nbsp;% et annonce l&rsquo;annulation de la ligne de cr&eacute;dit flexible du FMI.&nbsp;</a></p> <p><a href="#_Toc210377472">En ao&ucirc;t, les d&eacute;penses de consommation par carte bancaire se stabilisent.&nbsp;</a></p> <h2><a href="#_Toc210377473">&Eacute;quateur&nbsp;</a></h2> <p><a href="#_Toc210377474">Fin septembre, l&rsquo;Equateur a export&eacute; de l&rsquo;&eacute;lectricit&eacute; vers la Colombie.&nbsp;</a></p> <p><a href="#_Toc210377475">Les pertes li&eacute;es aux manifestations atteignent 6 M$ par jour pour le secteur priv&eacute;.&nbsp;</a></p> <p><a href="#_Toc210377476">La loi de finances pour 2025 pr&eacute;voit une &eacute;mission souveraine de 400 M$ sur les march&eacute;s internationaux.&nbsp;</a></p> <h2><a href="#_Toc210377477">P&eacute;rou&nbsp;</a></h2> <p><a href="#_Toc210377478">Selon le Secr&eacute;taire g&eacute;n&eacute;ral de l&rsquo;OCDE, le P&eacute;rou pourrait int&eacute;grer l&rsquo;Institution avant les autres pays latinoam&eacute;ricains en phase d&rsquo;accession.&nbsp;</a></p> <p><a href="#_Toc210377479">Le gouvernement a promulgu&eacute; une loi pour le traitement sp&eacute;cial des Zones Economiques Sp&eacute;ciales Priv&eacute;es (ZEEP).&nbsp;</a></p> <h2><a href="#_Toc210377480">Suriname&nbsp;&nbsp;</a></h2> <p><a href="#_Toc210377481">Le budget pour 2026 propose un d&eacute;ficit de 3,5 % du PIB.&nbsp;</a></p> <h2><a href="#_Toc210377482">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc210377483">La d&eacute;pr&eacute;ciation du Bolivar (VES) se poursuit.&nbsp;</a></p> <p><a href="#_Toc210377484">PdVSA a d&eacute;clar&eacute; un chiffre d&rsquo;affaires de 9,8&nbsp;Md$ sur les huit premiers mois de 2025.&nbsp;</a></p>1151f1d0-e80c-4576-867d-abb564aa9886

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2025-09-26T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc209692813">Focus: Le commerce bilat&eacute;ral entre le Venezuela et la Colombie reprend des couleurs.</a></h2> </div> <h2><a href="#_Toc209692814">Bolivie</a></h2> <p><a href="#_Toc209692815">Les recettes issues de YPFB chutent de 26,4&nbsp;% entre janvier et ao&ucirc;t.&nbsp;</a></p> <h2><a href="#_Toc209692816">Colombie&nbsp;</a></h2> <p><a href="#_Toc209692817">En juillet, la croissance annuelle atteint 4,3&nbsp;%, bien au-del&agrave; des pr&eacute;visions.&nbsp;</a></p> <p><a href="#_Toc209692817">La Chine penche pour se positionner comme le premier fournisseur de la Colombie en 2025</a></p> <p>&nbsp;</p> <p><a href="#_Toc209692819">Le d&eacute;ficit commercial de la Colombie atteint 1,7&nbsp;Md$ en juillet.&nbsp;</a></p> <p><a href="#_Toc209692820">Le d&eacute;ficit budg&eacute;taire cumul&eacute; atteint 4,3&nbsp;% du PIB en juillet, un record depuis la pand&eacute;mie.&nbsp;</a></p> <h2><a href="#_Toc209692821">&Eacute;quateur</a></h2> <p><a href="#_Toc209692822">L&rsquo;institut national des statistiques confirme une stagnation du march&eacute; du travail.</a></p> <p><a href="#_Toc209692823">L&rsquo;indice de risque pays repart &agrave; la hausse et atteint 761 pdb.&nbsp;</a></p> <h2><a href="#_Toc209692824">Guyana</a></h2> <p><a href="#_Toc209692825">ExxonMobil annonce investir dans son 7^e&nbsp;projet p&eacute;trolier &laquo;&nbsp;<em>Hammerhead</em>&nbsp;&raquo;.&nbsp;</a></p> <h2><a href="#_Toc209692826">P&eacute;rou</a></h2> <p><a href="#_Toc209692827">La croissance du PIB est r&eacute;&eacute;valu&eacute;e &agrave; la hausse&nbsp;: 3,2&nbsp;% pr&eacute;vus pour 2025.</a></p> <p><a href="#_Toc209692828">Le P&eacute;rou et le Chili associent leurs forces pour conqu&eacute;rir 51&nbsp;% du march&eacute; mondial du cuivre.</a></p> <h2><a href="#_Toc209692829">Suriname</a></h2> <p><a href="#_Toc209692830">La nouvelle pr&eacute;sidente rencontre son homologue guyanien pour relancer la coop&eacute;ration bilat&eacute;rale.</a></p> <h2><a href="#_Toc209692831">Venezuela</a></h2> <p><a href="#_Toc209692832">L'Assembl&eacute;e nationale approuve le trait&eacute; de partenariat strat&eacute;gique et de coop&eacute;ration entre le Venezuela et la Russie.&nbsp;</a></p> <p><a href="#_Toc209692833">Les ventes de voitures progressent de 109% sur les huit premiers mois de l&rsquo;ann&eacute;e.</a></p> <p><a href="#_Toc209692834">La licence sp&eacute;ciale d&eacute;livr&eacute;e par l&rsquo;OFAC &agrave; Chevron limite les exportations de p&eacute;trole vers les &Eacute;tats‑Unis.</a></p>001cc596-9ceb-4b3d-b974-7060bce17253

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2025-09-19T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc209107812">Focus Colombie&nbsp;: Les &Eacute;tats-Unis &laquo;&nbsp;d&eacute;certifient&nbsp;&raquo; la Colombie pour insuffisance dans sa lutte contre la drogue mais sans sanction associ&eacute;e.</a></h2> </div> <h2><a href="#_Toc209107813">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc209107814">Entre janvier et ao&ucirc;t 2025, les r&eacute;serves internationales de la Bolivie ont augment&eacute; de 26&nbsp;M$.</a></p> <h2><a href="#_Toc209107815">Colombie</a></h2> <p><a href="#_Toc209107816">La c&ocirc;te Cara&iuml;be, une r&eacute;gion au c&oelig;ur de la production d&rsquo;&eacute;nergie renouvelable, malgr&eacute; un retard de connexion.&nbsp;</a></p> <p><a href="#_Toc209107817">Le projet <em>El Dorado Max</em> pr&eacute;voit des investissements de 2,5 Md$ afin de doubler sa capacit&eacute;.&nbsp;</a></p> <p><a href="#_Toc209107818">La Colombie a &eacute;mis 4,1&nbsp;Md&euro; d&rsquo;obligations, libell&eacute;es en euros.&nbsp;</a></p> <h2><a href="#_Toc209107819">&Eacute;quateur&nbsp;</a></h2> <p><a href="#_Toc209107820">La Banque centrale &eacute;quatorienne pr&eacute;voit une croissance de 3,8&nbsp;% en 2025.&nbsp;</a></p> <p><a href="#_Toc209107821">Le gouvernement a annonc&eacute; l&rsquo;&eacute;limination des subventions au diesel.&nbsp;</a></p> <h2><a href="#_Toc209107822">Guyana&nbsp;</a></h2> <p><a href="#_Toc209107823">R&eacute;&eacute;lu, le PPP/C mise sur secteur p&eacute;trolier et gazier dans sa strat&eacute;gie 2025-2030 pour assurer s&eacute;curit&eacute; &eacute;nerg&eacute;tique et croissance &eacute;conomique.&nbsp;</a></p> <h2><a href="#_Toc209107824">P&eacute;rou&nbsp;</a></h2> <p><a href="#_Toc209107825">La Banque centrale abaisse son taux directeur &agrave; 4,25&nbsp;% (-25&nbsp;pdb).&nbsp;</a></p> <p><a href="#_Toc209107826">Le gouvernement promulgue une loi qui modernise les PPP et devrait permettre de d&eacute;bloquer 30&nbsp;Md$ de projets d&rsquo;investissement.&nbsp;</a></p> <h2><a href="#_Toc209107827">Suriname&nbsp;&nbsp;</a></h2> <p><a href="#_Toc209107828">La pr&eacute;sidente Jennifer Geerlings-Simons lance des travaux sur la s&eacute;curit&eacute; a&eacute;rienne pour rouvrir l&rsquo;acc&egrave;s au march&eacute; europ&eacute;en.&nbsp;</a></p> <h2><a href="#_Toc209107829">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc209107830">La production p&eacute;troli&egrave;re augmente au mois d&rsquo;ao&ucirc;t.&nbsp;</a></p> <p><a href="#_Toc209107831">La bureaucratie au Venezuela limite la cr&eacute;ation des entreprises.&nbsp;</a></p> <p><a href="#_Toc209107832">La connectivit&eacute; a&eacute;rienne internationale se d&eacute;grade en 2025</a>.</p>2f0679b9-a884-45b8-9390-68fb827f834e

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2025-09-12T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc208561099"><span lang="EN-US" style="mso-ansi-language: EN-US;">Focus &Eacute;quateur : un exc&eacute;dent commercial record permis par les bonnes performances de l&rsquo;industrie agroalimentaire</span></a></h2> </div> <h2 class="MsoToc2"><a href="#_Toc208561100"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc208561101"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;inflation cumul&eacute;e atteint 18,1&nbsp;% entre janvier et ao&ucirc;t 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc208561102"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Bolivie enregistre un d&eacute;ficit commercial de 496&nbsp;M$ entre janvier et juillet 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc208561103"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc208561104"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le taux de pauvret&eacute; mon&eacute;taire baisse &agrave; 31,8&nbsp;% en 2024.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc208561105"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;inflation repart &agrave; la hausse et atteint 5,1&nbsp;% en ao&ucirc;t (en g.a.).</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc208561106"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;indice de confiance dans l&rsquo;&eacute;conomique atteint en ao&ucirc;t son niveau le plus &eacute;lev&eacute; depuis 2022.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc208561107"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le d&eacute;ficit courant atteint 2,6&nbsp;Md$ au T2 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc208561108"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><a href="#_Toc208561109"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La loi de finances 2025 a &eacute;t&eacute; approuv&eacute;e.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc208561110"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">L&rsquo;indice de risque pays poursuit sa baisse.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc208561111"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc208561112"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le pr&eacute;sident Ali est r&eacute;&eacute;lu avec une majorit&eacute; &agrave; l&rsquo;Assembl&eacute;e.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc208561113"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc208561114"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le taux de change du dollar pourrait atteindre 3,45 PEN en 2026.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc208561115"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La dette publique a augment&eacute; de plus de 10 points en une d&eacute;cennie.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc208561116"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc208561117"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le programme &laquo;&nbsp;<em>Royalties for everyone</em>&nbsp;&raquo; est suspendu pour &eacute;valuation.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2"><a href="#_Toc208561118"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc208561119"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le PNUD estime une croissance de +5,8&nbsp;% du PIB v&eacute;n&eacute;zu&eacute;lien pour 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc208561120"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Arriv&eacute;e au Venezuela d'une installation flottante pour un projet p&eacute;trolier entre PDVSA et CCRC.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc208561121"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Ecopetrol d&eacute;clare que l&rsquo;acquisition de l&rsquo;entreprise d&rsquo;engrais Mon&oacute;meros est impossible.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">7</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 5.0pt 0cm 0cm 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>7a3b8d8c-1910-4e4e-bdc3-6ec667f65b2c

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2025-09-05T00:00:00+02:00<div class="focus"> <p class="MsoToc1" style="line-height: normal; margin: 0cm 0cm 2pt; text-align: center;"><a href="#_Toc207877293">Focus Colombie&nbsp;: Un projet de loi &eacute;nerg&eacute;tique vise &agrave; r&eacute;duire le co&ucirc;t de l&rsquo;&eacute;lectricit&eacute; au risque de menacer l&rsquo;approvisionnement d&egrave;s 2026. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></p> </div> <h2 class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;"><a href="#_Toc207877294"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><strong><a href="#_Toc207877295">La p&eacute;nurie de diesel fragilise particuli&egrave;rement les secteurs du transport et de la canne &agrave; sucre.</a></strong></p> <h2 class="MsoToc3"><a href="#_Toc207877296"><span style="font-family: 'Marianne ExtraBold';">Colombie</span></a></h2> <p class="MsoToc3"><a href="#_Toc207877297"><strong>Le taux de ch&ocirc;mage baisse &agrave; 8,8</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>% en juillet 2025, sans que l</strong><strong><span style="mso-bidi-font-family: 'Marianne Medium';">&rsquo;</span>informalit</strong><strong><span style="mso-bidi-font-family: 'Marianne Medium';">&eacute;</span> n</strong><strong><span style="mso-bidi-font-family: 'Marianne Medium';">&rsquo;</span>augmente.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc207877298"><strong>Le gouvernement a pr&eacute;sent&eacute; un nouveau projet de r&eacute;forme fiscale au Congr&egrave;s.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc207877299"><strong>Le commerce de d&eacute;tail voit ses ventes augmenter de plus de 10</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>% en g.a. pour le 4^e mois cons&eacute;cutif, port&eacute;es par la consommation des m&eacute;nages.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc207877300"><strong>Endettement record des EPS, en parall&egrave;le du projet de r&eacute;forme de la sant&eacute; du gouvernement Petro.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;">&nbsp;</p> <h2 class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;"><a href="#_Toc207877301"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc207877302"><strong>La loi de finances 2025 prorog&eacute;e pr&eacute;voit une hausse de l&rsquo;investissement public &agrave; 2,4</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>Md$.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc207877303"><strong>Petroecuador attribue des ventes de p&eacute;troles d&rsquo;un montant de 700</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>M$.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;">&nbsp;</p> <h2 class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;"><a href="#_Toc207877304"><span style="font-family: 'Marianne ExtraBold';">Guyana</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc207877305"><strong>G Mining Ventures (GMIN) a re&ccedil;u l&rsquo;autorisation environnementale pour exploiter le projet <em>Oko West Gold Project</em>.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;">&nbsp;</p> <h2 class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;"><a href="#_Toc207877306"><span style="font-family: 'Marianne ExtraBold'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc207877307"><strong>Les exportations p&eacute;ruviennes d&eacute;passeraient les 84</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>Md$ en 2025, un record.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc207877308"><strong>L'inflation recule &agrave; 1,1 % en g.a. et atteint son niveau le plus bas de l'ann&eacute;e.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;">&nbsp;</p> <h2 class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;"><a href="#_Toc207877309"><span style="font-family: 'Marianne ExtraBold'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc207877310"><strong>La Chine fait un don de 14</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>M$ pour des projets de d</strong><strong><span style="mso-bidi-font-family: 'Marianne Medium';">&eacute;</span>veloppement.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;">&nbsp;</p> <h2 class="MsoToc2" style="margin: 0cm 0cm 2.0pt 0cm;"><a href="#_Toc207877311"><span style="font-family: 'Marianne ExtraBold'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc207877312"><strong>L&rsquo;industrie affiche une timide reprise et de forts contrastes entre secteurs.</strong> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc207877313"><strong>L'</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span></strong><strong><span style="mso-bidi-font-family: 'Marianne Medium';">&laquo;</span></strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>effet Chevron</strong><strong><span style="font-family: 'Calibri',sans-serif;">&nbsp;</span></strong><strong><span style="mso-bidi-font-family: 'Marianne Medium';">&raquo;</span> a permis au Venezuela d'afficher un exc&eacute;dent commercial de 613,5&nbsp;M</strong><strong><span style="font-family: 'Calibri',sans-serif;">$</span> avec les Etats-Unis.</strong><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"> 7</span></a></p> <p class="MsoToc3"><a href="#_Toc207877314"><strong>Inauguration d&rsquo;une nouvelle ligne maritime directe entre le Venezuela et la Turquie.</strong><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"> 7</span></a></p>21a23d92-75ff-479f-bf99-87614e4785d9

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2025-08-28T00:00:00+02:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc207285662">Focus : P&eacute;rou &ndash; L&rsquo;essor du ferroviaire. <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2"><a href="#_Toc207285663"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc207285664"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La production agricole enregistre un record historique.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc207285665"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc207285666"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Au T2 2025, la production d&rsquo;hydrocarbures continue de chuter alors que les importations de gaz augmentent.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc207285667"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Shell se retire de ses op&eacute;rations d&rsquo;exploration gazi&egrave;re en Colombie, Ecopetrol prend le relais.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc207285668"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les <em>remesas</em> enregistrent un nouveau record en juillet 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc207285669"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Au premier semestre 2025, la balance commerciale poursuit sa d&eacute;gradation.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc207285670"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le co&ucirc;t &eacute;conomique de la violence repr&eacute;senterait 19,6</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">% du PIB en Colombie, selon l</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium'; mso-no-proof: yes;">&rsquo;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Institut pour l</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Marianne Medium'; mso-no-proof: yes;">&rsquo;&Eacute;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">conomie et la Paix.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc207285671"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc207285672"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; letter-spacing: -.4pt; mso-no-proof: yes;">Le projet de loi de finances 2025, tardif, pr&eacute;voit un d&eacute;ficit primaire de 5,6 Md$ (4,4</span><span style="mso-ascii-font-family: Calibri; mso-hansi-font-family: Calibri; mso-bidi-font-family: Calibri; letter-spacing: -.4pt; mso-no-proof: yes;">&nbsp;</span><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; letter-spacing: -.4pt; mso-no-proof: yes;">% du PIB).</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc207285673"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le minist&egrave;re de l&rsquo;&Eacute;nergie annonce la mise en concession de plusieurs champs p&eacute;troliers.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc207285674"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc207285675"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Apr&egrave;s cinq ans, le pouvoir d'achat revient &agrave; son niveau pr&eacute;pand&eacute;mique.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc207285676"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Les investissements priv&eacute;s augmentent de 9 % en g.a. au T2.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2"><a href="#_Toc207285677"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc207285678"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le Suriname b&eacute;n&eacute;ficie d&rsquo;un all&eacute;gement de 16 M$ de sa dette envers la Chine.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2"><a href="#_Toc207285679"><span style="font-family: 'Marianne ExtraBold'; letter-spacing: -.3pt;">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc207285680"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; letter-spacing: -.3pt; mso-no-proof: yes;">Le secteur du tourisme se r&eacute;anime.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc207285681"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; letter-spacing: -.3pt; mso-no-proof: yes;">Les cryptomonnaies deviennent un moyen de couverture des changes au Venezuela</span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 5.0pt 0cm 0cm 0cm;"><span style="font-size: 9.0pt; font-family: 'Segoe UI',sans-serif;">&nbsp;</span></p>2ea9641a-611c-4d4b-a31a-c65c928437f3

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2025-08-22T00:00:00+02:00<div class="focus"> <h2 class="MsoToc1" style="text-align: center;"><a href="#_Toc206755669"><span style="mso-fareast-font-family: Calibri; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; letter-spacing: -.5pt;">Focus : Ralentissement de la croissance, mais poursuite de la relance de l&rsquo;&eacute;conomie permise par la consommation des m&eacute;nages. Cette relance pourrait toutefois &ecirc;tre fragilis&eacute;e par la crise budg&eacute;taire.</span> <span style="color: #e4a503; mso-themecolor: accent2; mso-themeshade: 191; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> </div> <h2 class="MsoToc2"><a href="#_Toc206755670"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc206755671">Apr&egrave;s le premier tour des &eacute;lections pr&eacute;sidentielles, le &laquo;<span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>dollar parall&egrave;le<span style="font-family: 'Calibri',sans-serif;">&nbsp;</span><span style="mso-bidi-font-family: 'Marianne Medium';">&raquo;</span> reste stable et les obligations souveraines s&rsquo;appr&eacute;cient. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc206755672"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc206755673">Les b&eacute;n&eacute;fices d&rsquo;Ecopetrol chutent de 46,4<span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>% au T2 2025 en g.a, faisant pression sur les recettes de l<span style="mso-bidi-font-family: 'Marianne Medium';">&rsquo;</span>Etat. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc206755674">Le ministre des Finances d&eacute;voile les grandes lignes de la r&eacute;forme fiscale. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc206755675"><span style="letter-spacing: -.3pt;">Le Carf recommande des coupes budg&eacute;taires permettant d&rsquo;atteindre une &eacute;conomie annuelle de 21,1</span><span style="font-family: 'Calibri',sans-serif; letter-spacing: -.3pt;">&nbsp;</span><span style="letter-spacing: -.3pt;">Md$ (85</span><span style="font-family: 'Calibri',sans-serif; letter-spacing: -.3pt;">&nbsp;</span><span style="letter-spacing: -.3pt;">000</span><span style="font-family: 'Calibri',sans-serif; letter-spacing: -.3pt;">&nbsp;</span><span style="letter-spacing: -.3pt;">Md</span><span style="font-family: 'Calibri',sans-serif; letter-spacing: -.3pt;">&nbsp;</span><span style="letter-spacing: -.3pt;">COP), n&eacute;cessaire au respect de la r&egrave;gle budg&eacute;taire en 2028.</span> <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc206755676">La chute de la production de gaz naturel entra&icirc;ne le retour du charbon. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc206755677"><span style="font-family: 'Marianne ExtraBold';">&Eacute;quateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><a href="#_Toc206755678">L&rsquo;indice de risque pays poursuit sa baisse et s&rsquo;&eacute;tablit &agrave; 781 pdb. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc206755679">Le gouvernement de Daniel Noboa a pr&eacute;sent&eacute; une feuille de route pour relancer le secteur p&eacute;trolier. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc206755680">L&rsquo;agence de notation &eacute;tatsunienne <em>S&amp;P Global Ratings</em> a relev&eacute; la perspective de la note cr&eacute;ditrice de l&rsquo;&Eacute;tat &eacute;quatorien. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc206755681"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc206755682">Au deuxi&egrave;me trimestre, le PIB affiche une croissance de 2,9<span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>%. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc206755683">La Banque centrale a maintenu son taux directeur &agrave; 4,50<span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>% pour le quatri&egrave;me mois cons&eacute;cutif. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2"><a href="#_Toc206755684"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc206755685">Le budget pour 2025 a &eacute;t&eacute; adopt&eacute; &agrave; l&rsquo;unanimit&eacute; par l&rsquo;Assembl&eacute;e nationale. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <h2 class="MsoToc2"><a href="#_Toc206755686"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc206755687">Les exportations de p&eacute;trole par Chevron se poursuivent malgr&eacute; la d&eacute;gradation des relations bilat&eacute;rales. <span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc206755688">La circulation de Dollars &Eacute;tats-uniens se r&eacute;duit de 37<span style="font-family: 'Calibri',sans-serif;">&nbsp;</span>% par rapport &agrave; 2024<span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc206755689">Renouvellement du d&eacute;cret d&rsquo;urgence &eacute;conomique<span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc206755690">Citgo &ndash; Licences et processus de vente<span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: windowtext; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">7</span></a></p>374893a3-df3a-4849-857b-492c550f2f05

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2025-08-15T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc206151917">Focus : Colombie &ndash; Les &eacute;conomistes questionnent la soutenabilit&eacute; des finances publiques dans le cadre du projet de loi de finances pour 2026.</a></h2> </div> <h2><a href="#_Toc206151918">Bolivie</a></h2> <p><a href="#_Toc206151919">La Bolivie enregistre un d&eacute;ficit commercial de 506 M$ au premier semestre 2025.</a></p> <h2><a href="#_Toc206151920">Colombie</a></h2> <p><a href="#_Toc206151921">L&rsquo;inflation repart l&eacute;g&egrave;rement &agrave; la hausse en juillet, en affichant 4,90&nbsp;% annuelle.</a></p> <p><a href="#_Toc206151922">L&rsquo;indice de pauvret&eacute; mon&eacute;taire atteint un niveau historiquement bas, &agrave; 31,8 % en 2024.</a></p> <p><a href="#_Toc206151923">La Colombie atteint un record d&eacute;cennal de production de caf&eacute; en juillet 2025 et affirme sa place de 3e producteur mondial.</a></p> <p><a href="#_Toc206151924">Les exportations augmentent de 1,6 % en g.a. au S1 2025, port&eacute;es par le secteur agro‑alimentaire.</a></p> <h2><a href="#_Toc206151925">Equateur</a></h2> <p><a href="#_Toc206151926">Le pr&eacute;sident Noboa poursuit la r&eacute;duction des subventions aux carburants.</a></p> <h2><a href="#_Toc206151927">Guyana</a></h2> <p><a href="#_Toc206151928">Arriv&eacute;es touristiques en hausse de 18&nbsp;% sur les sept premiers mois de 2025</a></p> <h2><a href="#_Toc206151929">P&eacute;rou</a></h2> <p><a href="#_Toc206151930">Forte appr&eacute;ciation du Sol P&eacute;ruvien (PEN) vis-&agrave;-vis du Dollar Etatsunien (USD), &agrave; son meilleur niveau depuis 09/2020</a></p> <p><a href="#_Toc206151931">Le P&eacute;rou en t&ecirc;te des investissements directs &eacute;trangers (IDE) dans la r&eacute;gion en 2024.</a></p> <p><a href="#_Toc206151932">Le P&eacute;rou se tourne vers l'Asie et d&eacute;veloppe des accords de libre-&eacute;change.</a></p> <h2><a href="#_Toc206151933">Suriname</a></h2> <p><a href="#_Toc206151934">Lors de sa rencontre avec la nouvelle Pr&eacute;sidente du Suriname et la Ministre des Finances, le Pr&eacute;sident de la BID d&eacute;clare allouer 1 Md$ au Suriname.</a></p>e7c89098-b3b8-4526-a41b-9aa8dda3a414

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2025-08-07T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc205474031">Focus : Colombie &ndash; Au S1 2025, les march&eacute;s financiers oscillent entre appr&eacute;ciation du <em>Peso</em> colombien et des actions, et d&eacute;t&eacute;rioration de la dette.&nbsp;</a></h2> </div> <h2><a href="#_Toc205474032">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc205474033">En juillet, mod&eacute;ration de l&rsquo;inflation, qui reste toutefois tr&egrave;s forte, &agrave; 22,9&nbsp;% en g.a.&nbsp;</a></p> <p><a href="#_Toc205474034">La dette ext&eacute;rieure bolivienne atteint un record en 25 ans et menace l&rsquo;&eacute;quilibre &eacute;conomique.&nbsp;</a></p> <h2><a href="#_Toc205474035">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc205474036">L&rsquo;administration Trump maintient les droits de douane sur les importations de Colombie &agrave; 10 %.&nbsp;</a></p> <p><a href="#_Toc205474037">La Banque centrale maintient son taux directeur &agrave; 9,25 %.&nbsp;</a></p> <p><a href="#_Toc205474038">En mai, la production p&eacute;troli&egrave;re a enregistr&eacute; une baisse de -4,8 % en g.a., et la production de gaz a atteint son niveau le plus bas en dix ans.&nbsp;</a></p> <h2><a href="#_Toc205474039">Equateur&nbsp;</a></h2> <p><a href="#_Toc205474040">Le minist&egrave;re des Finances confirme un nouveau versement de 600 M$ du FMI dans le cadre du programme EFF en cours.&nbsp;</a></p> <p><a href="#_Toc205474041">Le gouvernement se pr&eacute;pare face &agrave; la p&eacute;riode s&egrave;che.&nbsp;</a></p> <h2><a href="#_Toc205474042">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc205474043">Au T1 2025, le Guyana enregistre un exc&eacute;dent commercial de 3 Md$, port&eacute; par les exportations p&eacute;troli&egrave;res.&nbsp;</a></p> <h2><a href="#_Toc205474044">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc205474045">Au S1 2025, l'inflation reste inf&eacute;rieure &agrave; 2 %.&nbsp;</a></p> <p><a href="#_Toc205474046">Au S1 2025, le secteur de la construction enregistre une croissance de +4,7 % en g.a.&nbsp;</a></p> <h2><a href="#_Toc205474047">Suriname&nbsp;&nbsp;</a></h2> <p><a href="#_Toc205474048">Hausse de l&rsquo;inflation en juin&nbsp;: elle atteint 8 % en g.a, apr&egrave;s 6,0&nbsp;% et 5,7&nbsp;% en mai et avril, respectivement.</a></p>428a758b-3090-40e4-a756-5255bb6dfbfb

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2025-07-24T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc204270476">Focus : Colombie &ndash; Le gouvernement adopte une r&eacute;forme du travail controvers&eacute;e.&nbsp;</a></h2> </div> <h2><a href="#_Toc204270477">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc204270478">En 2024, la Bolivie n&rsquo;a attir&eacute; que 247 M$ d&rsquo;IDE, soit 0,1% du total r&eacute;gional.&nbsp;</a></p> <h2><a href="#_Toc204270479">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc204270480">Le mois de mai enregistre une croissance de 2,8 % en g.a.&nbsp;</a></p> <p><a href="#_Toc204270481">L&rsquo;OCDE pr&eacute;voit que la Colombie enregistre la 3^&egrave;me inflation la plus &eacute;lev&eacute;e des pays du groupe en 2025.&nbsp;</a></p> <p><a href="#_Toc204270482">Le march&eacute; de la dette d&rsquo;entreprises a enregistr&eacute; une baisse de -72 % au S1 2025.&nbsp;</a></p> <p><a href="#_Toc204270483">L&rsquo;indice de confiance du consommateur a augment&eacute; en juin.&nbsp;</a></p> <h2><a href="#_Toc204270484">Equateur&nbsp;</a></h2> <p><a href="#_Toc204270485">Le FMI a approuv&eacute; la deuxi&egrave;me revue du programme de Facilit&eacute; &eacute;largie de cr&eacute;dit.&nbsp;</a></p> <p><a href="#_Toc204270486">Le march&eacute; boursier &eacute;quatorien pr&eacute;voit une croissance de +6&nbsp;% en 2025, notamment gr&acirc;ce au secteur priv&eacute;.&nbsp;</a></p> <h2><a href="#_Toc204270487">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc204270488">En acqu&eacute;rant <em>Hess Corporation</em>, <em>Chevron</em> obtient une participation de 30&nbsp;% dans le bloc p&eacute;trolier <em>Stabroek</em>.&nbsp;</a></p> <h2><a href="#_Toc204270489">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc204270490">Le P&eacute;rou est le deuxi&egrave;me pays le moins endett&eacute; d&rsquo;Am&eacute;rique latine.&nbsp;</a></p> <p><a href="#_Toc204270491">Au S1 2025, le sol p&eacute;ruvien a progress&eacute; de +4,9 % face au dollar &eacute;tats-unien.&nbsp;</a></p> <h2><a href="#_Toc204270492">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc204270493">Le Venezuela et la Colombie cr&eacute;ent une zone &eacute;conomique binationale.&nbsp;</a></p> <p><a href="#_Toc204270494">Le bolivar continue de se d&eacute;pr&eacute;cier face au dollar &eacute;tats-unien.&nbsp;</a></p> <p><a href="#_Toc204270495">De fortes pluies provoquent d&rsquo;importants d&eacute;g&acirc;ts dans trois grandes r&eacute;gions du pays.&nbsp;</a></p>bcec791b-0db2-484d-9b30-398787c9cf29

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2025-07-17T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc203721819">Focus : Equateur &ndash; La Chine s&rsquo;impose comme un acteur clef.&nbsp;</a></h2> </div> <h2><a href="#_Toc203721820">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203721821">La Bolivie cherche &agrave; renforcer ses liens &eacute;conomiques avec les BRICS+, notamment la Russie, l&rsquo;Inde, l&rsquo;Iran et Cuba.&nbsp;</a></p> <h2><a href="#_Toc203721822">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203721823">Le gouvernement colombien a &eacute;mis 598&nbsp;M$ d&rsquo;obligations.&nbsp;</a></p> <p><a href="#_Toc203721824">Le budget pr&eacute;sent&eacute; par le gouvernement pour 2026 s&rsquo;&eacute;l&egrave;ve &agrave; 133 Md$ et ne pr&eacute;voit pas de baisse des d&eacute;penses publiques.&nbsp;</a></p> <p><a href="#_Toc203721825">En juin, l&rsquo;incertitude de politique &eacute;conomique augmente.&nbsp;</a></p> <h2><a href="#_Toc203721826">Equateur&nbsp;</a></h2> <p><a href="#_Toc203721827">Le T1 2025 enregistre une croissance de +3,4 % en g.a.&nbsp;</a></p> <p><a href="#_Toc203721828">Au T1 2025, les IDE sont en hausse de +17&nbsp;%, mais leur niveau reste faible.&nbsp;</a></p> <h2><a href="#_Toc203721829">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203721830">ExxonMobil et CNOOC re&ccedil;oivent des prix pour leurs d&eacute;couvertes p&eacute;troli&egrave;res au large du Guyana.&nbsp;</a></p> <h2><a href="#_Toc203721831">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203721832">Depuis 2023, l&rsquo;activit&eacute; mini&egrave;re ill&eacute;gale aurait priv&eacute; le P&eacute;rou de 2,1 Md$ de recettes fiscales.&nbsp;</a></p> <p><a href="#_Toc203721833">Le Br&eacute;sil et la Chine &eacute;tudient un projet de liaison ferroviaire atlantique-pacifique passant par le P&eacute;rou.&nbsp;</a></p> <h2><a href="#_Toc203721834">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203721835">En juin, les sources officielles rapportent une production p&eacute;troli&egrave;re de 1&nbsp;069&nbsp;000&nbsp;bpj (+0,3&nbsp;%).&nbsp;</a></p>73032905-c177-430a-a4d5-2d5cac74c015

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2025-07-10T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc203059151">Zoom : Venezuela &ndash; Reprise des &eacute;changes bilat&eacute;raux en 2024, qui perdure d&eacute;but 2025 malgr&eacute; un durcissement des sanctions am&eacute;ricaines</a></h2> </div> <h2><a href="#_Toc203059152">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203059153">Au S1 2025, l&rsquo;inflation annuelle aurait atteint 15,53 %.&nbsp;</a></p> <p><a href="#_Toc203059154">La Banque mondiale classe la Bolivie comme le seul pays d&rsquo;Am&eacute;rique du Sud avec un revenu interm&eacute;diaire bas.&nbsp;</a></p> <h2><a href="#_Toc203059155">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203059156">En juin, l&rsquo;inflation en glissement annuel s&rsquo;est &eacute;lev&eacute;e &agrave; 4,82 %.&nbsp;</a></p> <p><a href="#_Toc203059157">En mai, le taux de ch&ocirc;mage est de 9 %, le plus faible depuis 2001&nbsp;; mais la part de l&rsquo;informalit&eacute; augmente.&nbsp;</a></p> <p><a href="#_Toc203059158">En mai, l&rsquo;indice de confiance commerciale diminue, et l&rsquo;indice de confiance industrielle augmente.&nbsp;</a></p> <h2><a href="#_Toc203059159">Equateur&nbsp;</a></h2> <p><a href="#_Toc203059160">Au T1 2025, les <em>remesas</em> augmentent de +23,7 % en g.a.&nbsp;</a></p> <p><a href="#_Toc203059161">D&eacute;but juillet, la production p&eacute;troli&egrave;re baisse de -64 %.&nbsp;</a></p> <h2><a href="#_Toc203059162">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203059163">ExxonMobil a restitu&eacute; 20 % de ses parts du bloc Stabroek au gouvernement guyanien.&nbsp;</a></p> <h2><a href="#_Toc203059164">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203059165">Les r&eacute;serves internationales du P&eacute;rou ont atteint le montant record de 87&nbsp;Md$.&nbsp;</a></p> <p><a href="#_Toc203059166">Au S1 2025, les recettes fiscales ont augment&eacute; de +13,8 %.&nbsp;</a></p> <h2><a href="#_Toc203059167">Suriname&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203059168">Jennifer Simons est &eacute;lue pr&eacute;sidente du Suriname.&nbsp;</a></p> <p><a href="#_Toc203059169">La compagnie p&eacute;troli&egrave;re Hess se retire du bloc 59.&nbsp;</a></p> <h2><a href="#_Toc203059170">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc203059171">Le Parlement europ&eacute;en approuve l&rsquo;inclusion du Venezuela &agrave; la liste europ&eacute;enne des pays &agrave; haut risque.&nbsp;</a></p> <p><a href="#_Toc203059172">La licence g&eacute;n&eacute;rale 40D est renouvel&eacute;e pour 3 mois.</a></p>f0043b64-f172-470b-8986-ee4c70b8b772

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2025-07-03T00:00:00+02:00<h2 class="focus" style="text-align: center;"><a href="#_Toc202429733">Zoom : Zone &ndash; La Chine, partenaire commercial et financier incontournable mais ambivalent des pays andins<span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">2</span></a></h2> <h2 class="MsoToc2"><a href="#_Toc202429734"><span style="font-family: 'Marianne ExtraBold';">Pays andins</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc202429735"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le S&eacute;nat &eacute;tats-unien approuve un projet de loi comprenant une taxe de 1 % sur les <em>remesas</em>.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc202429736"><span style="font-family: 'Marianne ExtraBold';">Bolivie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc202429737"><em><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">S&amp;P</span></em><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;"> abaisse la note de cr&eacute;dit de la Bolivie &agrave; CCC- et alerte sur un risque de d&eacute;faut.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <h2 class="MsoToc2"><a href="#_Toc202429738"><span style="font-family: 'Marianne ExtraBold';">Colombie</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">3</span></a></h2> <p class="MsoToc3"><a href="#_Toc202429739"><em><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Moody&rsquo;s</span></em><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;"> et <em>S&amp;P</em> abaissent les notes de cr&eacute;dit de la Colombie.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">3</span></a></p> <p class="MsoToc3"><a href="#_Toc202429740"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La Banque centrale maintient son taux directeur &agrave; 9,25 %.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc202429741"><span style="font-family: 'Marianne ExtraBold';">Equateur</span> <span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">4</span></a></h2> <p class="MsoToc3"><a href="#_Toc202429742"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En mai, la dette de l'Equateur aupr&egrave;s de l'Institut &Eacute;quatorien de S&eacute;curit&eacute; Sociale s&rsquo;&eacute;tablit &agrave;&nbsp;27,4 Md$.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <p class="MsoToc3"><a href="#_Toc202429743"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">La BID a approuv&eacute; un pr&ecirc;t de politique publique de 400 M$.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">4</span></a></p> <h2 class="MsoToc2"><a href="#_Toc202429744"><span style="font-family: 'Marianne ExtraBold';">P&eacute;rou</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc202429745"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le m&eacute;canisme <em>Obras por Impuestos</em> a permis l&rsquo;attribution de 114 nouveaux projets au cours du S1 2025.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc202429746"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Entre janvier et mai 2025, le m&eacute;gaport de Chancay a permis de transporter pour plus de 777 M$ de marchandises.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc202429747"><span style="font-family: 'Marianne ExtraBold';">Suriname</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">5</span></a></h2> <p class="MsoToc3"><a href="#_Toc202429748"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Le dernier rapport du Conseil de surveillance &eacute;conomique du Suriname pr&eacute;sente un panorama fragile de l&rsquo;&eacute;conomie surinamaise.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <p class="MsoToc3"><a href="#_Toc202429749"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">TotalEnergies acquiert une participation de 25 % dans le bloc p&eacute;trolier 53.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">5</span></a></p> <h2 class="MsoToc2"><a href="#_Toc202429750"><span style="font-family: 'Marianne ExtraBold';">Venezuela</span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;"><span style="mso-tab-count: 1;">&nbsp; </span></span><span style="color: #000091; mso-themecolor: text1; display: none; mso-hide: screen; text-decoration: none; text-underline: none;">6</span></a></h2> <p class="MsoToc3"><a href="#_Toc202429751"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">Au S1 2025, le bolivar s&rsquo;est d&eacute;pr&eacute;ci&eacute; de 107 % par rapport au dollar &eacute;tats-unien.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoToc3"><a href="#_Toc202429752"><span style="font-family: 'Marianne Medium'; mso-bidi-font-family: 'Times New Roman \(Corps CS\)'; mso-no-proof: yes;">En juin, les exportations de p&eacute;trole vers la Chine augmentent.</span> <span style="color: windowtext; display: none; mso-hide: screen; mso-no-proof: yes; text-decoration: none; text-underline: none;">6</span></a></p> <p class="MsoNormal" style="text-align: justify; line-height: normal; margin: 5.0pt 0cm 0cm 0cm;"><span style="font-size: 9.0pt;">&nbsp;</span></p>a637562f-3c34-4a7f-94ed-101c08d34eeb

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2025-06-26T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc201822998">Zoom : Colombie &ndash; La Colombie rejoint officiellement la Banque de d&eacute;veloppement des BRICS.&nbsp;</a></h2> </div> <h2><a href="#_Toc201822999">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc201823000">En mai, l&rsquo;inflation atteint un nouveau record.&nbsp;</a></p> <p><a href="#_Toc201823001">Le pr&eacute;sident Luis Arce approuve un pr&ecirc;t de 250 M$ de la BID.</a></p> <h2><a href="#_Toc201823002">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc201823003">En avril, l&rsquo;&eacute;conomie colombienne enregistre une croissance de +1,1 % en g.a.&nbsp;</a></p> <p><a href="#_Toc201823004">La Colombie d&eacute;tient la sixi&egrave;me dette souveraine la plus co&ucirc;teuse au monde.&nbsp;</a></p> <p><a href="#_Toc201823005">En mai, la confiance industrielle s&rsquo;am&eacute;liore, mais la confiance commerciale diminue.&nbsp;</a></p> <p><a href="#_Toc201823006"><em>Fitch Ratings</em> alerte quant &agrave; la situation budg&eacute;taire de la Colombie.&nbsp;</a></p> <h2><a href="#_Toc201823007">Equateur&nbsp;</a></h2> <p><a href="#_Toc201823008">La BID &eacute;met une garantie de 77 M$ pour soutenir l&rsquo;investissement priv&eacute; dans le secteur &eacute;lectrique.&nbsp;</a></p> <p><a href="#_Toc201823009">Les chiffres de l&rsquo;emploi se d&eacute;gradent l&eacute;g&egrave;rement en glissement annuel.&nbsp;</a></p> <h2><a href="#_Toc201823010">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc201823011">Les d&eacute;p&ocirc;ts vers&eacute;s au <em>Natural Resource Fund</em> en 2025 ont d&eacute;pass&eacute; 1 Md$.&nbsp;</a></p> <h2><a href="#_Toc201823012">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc201823013">Le P&eacute;rou est le huiti&egrave;me pays avec les plus grandes r&eacute;serves d&rsquo;or au monde.&nbsp;</a></p> <p><a href="#_Toc201823014">Entre janvier et avril, les exportations industrielles du P&eacute;rou ont d&eacute;pass&eacute; les 2,5&nbsp;Md$.&nbsp;</a></p> <h2><a href="#_Toc201823015">Venezuela&nbsp;</a></h2> <p><a href="#_Toc201823016">L&rsquo;OFAC autorise l&rsquo;ex&eacute;cution des garanties sur la dette PDVSA.&nbsp;</a></p>45abff4d-9cf6-4343-9ff1-04cd30659519

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2025-06-19T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc201247321">Zoom : Colombie &ndash; Au c&oelig;ur d&rsquo;une crise budg&eacute;taire sans pr&eacute;c&eacute;dent, le gouvernement prend des mesures jug&eacute;es inappropri&eacute;es.&nbsp;</a></h2> </div> <h2><a href="#_Toc201247322">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc201247323">La Bolivie rejoint la liste grise du GAFI dont elle &eacute;tait sortie en juin 2013.&nbsp;</a></p> <h3><a href="#_Toc201247324">Colombie&nbsp;&nbsp;</a></h3> <p><a href="#_Toc201247325">Au T1 2025, le compte courant enregistre un d&eacute;ficit de 2,3 Md$, et le compte financier affiche un exc&eacute;dent de 1,8 Md$.&nbsp;</a></p> <p><a href="#_Toc201247326">Les analystes anticipent une poursuite de la baisse de l&rsquo;inflation et du taux directeur.</a></p> <p><a href="#_Toc201247327">La Colombie serait le 5&egrave;me pays o&ugrave; il est le plus difficile de faire des affaires dans le monde.</a></p> <p><a href="#_Toc201247328">En avril, la production manufacturi&egrave;re diminue, mais les ventes du commerce de d&eacute;tail augmentent.</a></p> <h2><a href="#_Toc201247329">Equateur</a></h2> <p><a href="#_Toc201247330">L&rsquo;indice de risque pays atteint son niveau le plus bas depuis d&eacute;but 2025.</a></p> <h2><a href="#_Toc201247331">P&eacute;rou&nbsp;</a></h2> <p><a href="#_Toc201247332">Le P&eacute;rou enregistre une croissance de +3,3 % en g.a. entre janvier et avril 2025.</a></p> <p><a href="#_Toc201247333">L'agence de notation Moody's met en garde quant au d&eacute;ficit budg&eacute;taire du P&eacute;rou.</a></p> <h2><a href="#_Toc201247334">Suriname&nbsp;</a></h2> <p><a href="#_Toc201247335">A l&rsquo;occasion de son Sommet sur l&rsquo;&eacute;nergie, le Suriname signe un contrat d&rsquo;exploitation p&eacute;troli&egrave;re avec Petronas.</a></p> <h2><a href="#_Toc201247336">Venezuela&nbsp;</a></h2> <p><a href="#_Toc201247337">La production de p&eacute;trole aurait atteint 1&nbsp;066 000 bpj en mai.</a></p>9cff32a2-8a68-4e15-bfb2-c79d3849114a

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2025-06-13T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc200697689">Zoom : Colombie &ndash; Les IDE ont recul&eacute; en 2024, frein&eacute;s par le d&eacute;clin des secteurs minier et p&eacute;trolier&nbsp;</a></h2> </div> <h2><a href="#_Toc200697690">Bolivie&nbsp;</a></h2> <p><a href="#_Toc200697691">En 2024, les exportations boliviennes vers l&rsquo;Union europ&eacute;enne ont atteint 927 M$.&nbsp;</a></p> <h2><a href="#_Toc200697692">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc200697693">Le gouvernement suspend la r&egrave;gle budg&eacute;taire.&nbsp;</a></p> <p><a href="#_Toc200697694">L&rsquo;inflation atteint 5,05 % en g.a. au mois de mai.&nbsp;</a></p> <p><a href="#_Toc200697695">En avril, l&rsquo;Indice de Confiance Commerciale augmente l&eacute;g&egrave;rement, contrairement &agrave; l&rsquo;Indice de Confiance Industrielle et de l&rsquo;Indice d&rsquo;Incertitude de la Politique &Eacute;conomique.&nbsp;</a></p> <h2><a href="#_Toc200697696">Equateur&nbsp;</a></h2> <p><a href="#_Toc200697697">Le ministre du Commerce ext&eacute;rieur et de la Production s&rsquo;est rendu aux&nbsp;Etats-Unis pour n&eacute;gocier les droits de douane impos&eacute;s par l&rsquo;administration Trump.&nbsp;</a></p> <p><a href="#_Toc200697698">Le d&eacute;ficit budg&eacute;taire de l&rsquo;Equateur &agrave; fin-mai est le troisi&egrave;me plus important enregistr&eacute; en dix ans.&nbsp;</a></p> <h2><a href="#_Toc200697699">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc200697700">La BID a accord&eacute; un pr&ecirc;t de 350&nbsp;M$ &agrave; l&rsquo;&Eacute;tat du Guyana pour am&eacute;liorer l'efficacit&eacute; et la port&eacute;e du filet de s&eacute;curit&eacute; sociale.&nbsp;</a></p> <p><a href="#_Toc200697701">Apple ach&egrave;te 100 000 cr&eacute;dits carbone au Guyana.&nbsp;</a></p> <h2><a href="#_Toc200697702">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc200697703">La Banque mondiale am&eacute;liore les perspectives de croissance &eacute;conomique du P&eacute;rou &agrave; 2,9 % d'ici 2025.&nbsp;</a></p> <h2><a href="#_Toc200697704">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc200697705">En mai, l&rsquo;inflation a atteint 229 % en g.a.&nbsp;</a></p> <p><a href="#_Toc200697706">L'Union europ&eacute;enne inclut le Venezuela &agrave; sa liste de juridictions &agrave; &laquo; haut risque &raquo; en mati&egrave;re de blanchiment d&rsquo;argent.</a></p> <p><a href="#_Toc200697707">Le secteur agricole est menac&eacute; par une p&eacute;nurie de machines et d&rsquo;&eacute;quipements.&nbsp;</a></p>f2d9239d-9c88-46dd-a068-b244c8749227

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2025-06-06T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc200096677">Zoom : Colombie &ndash; 3^&egrave;me pays le plus in&eacute;galitaire du monde, selon les chiffres du PNUD.</a></h2> </div> <h2><a href="#_Toc200096678">Bolivie&nbsp;</a></h2> <p><a href="#_Toc200096679">Le FMI recommande &agrave; la Bolivie de relancer ses exportations, de concentrer l&rsquo;investissement public sur les infrastructures et d'am&eacute;liorer sa transparence.</a></p> <h2><a href="#_Toc200096680">Colombie&nbsp;</a></h2> <p><a href="#_Toc200096681">L&rsquo;OCDE revoit &agrave; la baisse ses pr&eacute;visions de croissance pour la Colombie, &agrave; 2,5&nbsp;% pour 2025 (-0,2&nbsp;pp).&nbsp;</a></p> <p><a href="#_Toc200096682">L&rsquo;investissement dans le secteur p&eacute;trolier a diminu&eacute; de -10 % en 2024.&nbsp;</a></p> <p><a href="#_Toc200096683">Entr&eacute;e en vigueur de l&rsquo;augmentation du taux de pr&eacute;l&egrave;vement &agrave; la source portant sur les entreprises.&nbsp;</a></p> <h2><a href="#_Toc200096684">Equateur&nbsp;</a></h2> <p><a href="#_Toc200096685">Le gouvernement annonce des mesures qui devraient rapporter 500 M$ par an.&nbsp;</a></p> <p><a href="#_Toc200096686">Pour &eacute;viter une nouvelle crise &eacute;nerg&eacute;tique, le gouvernement cherche &agrave; installer 291&nbsp;MW avant septembre.&nbsp;</a></p> <h2><a href="#_Toc200096687">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc200096688">Le Guyana a le ratio de dette publique sur le PIB le plus faible d&rsquo;Am&eacute;rique latine et des Cara&iuml;bes.&nbsp;</a></p> <p><a href="#_Toc200096689">ExxonMobil pr&eacute;voit de tripler sa production au Guyana au cours des cinq prochaines ann&eacute;es.&nbsp;</a></p> <h2><a href="#_Toc200096690">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc200096691">L&rsquo;Ambassade de France au P&eacute;rou accueille le d&eacute;l&eacute;gu&eacute; interminist&eacute;riel &agrave; l'approvisionnement en minerais et m&eacute;taux strat&eacute;giques (DIAMMS).&nbsp;</a></p> <p><a href="#_Toc200096692">Le Congr&egrave;s approuve le remaniement des composantes de l&rsquo;imp&ocirc;t g&eacute;n&eacute;ral des ventes</a>.</p> <h2><a href="#_Toc200096693">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc200096694">Augmentation des exportations de p&eacute;trole v&eacute;n&eacute;zu&eacute;lien vers la Chine</a>.</p>601f78cd-55a7-41c3-b4c8-0725eff9eb22

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2025-05-29T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc199426139">Zoom : Zone &ndash; Les <em>remesas</em>, &agrave; l&rsquo;importance croissante, sont vis&eacute;es par une taxe de D. Trump&nbsp;</a></h2> </div> <h2><a href="#_Toc199426140">Bolivie</a></h2> <p><a href="#_Toc199426141">Confront&eacute; &agrave; une situation de balance des paiements complexe, le gouvernement adopte de nouvelles mesures pour faciliter l&rsquo;entr&eacute;e de dollars</a></p> <p><a href="#_Toc199426142">Le pouvoir l&eacute;gislatif interrompt des contrats d&rsquo;exploitation de lithium conclus avec une soci&eacute;t&eacute; russe et une soci&eacute;t&eacute; chinoise&nbsp; &nbsp;</a></p> <h2><a href="#_Toc199426143">Colombie&nbsp;</a></h2> <p><a href="#_Toc199426144">En 2024, le tourisme enregistre une croissance de +4,7 %, et reste un moteur de l&rsquo;&eacute;conomie colombienne&nbsp; &nbsp;</a></p> <p><a href="#_Toc199426145">En mai, la confiance du march&eacute; boursier atteint un niveau record&nbsp; &nbsp;</a></p> <p><a href="#_Toc199426146">Hausse de +10 % en g.a. des prix des logements neufs au T1 2025&nbsp; &nbsp;</a></p> <h2><a href="#_Toc199426147">Equateur&nbsp;</a></h2> <p><a href="#_Toc199426148">L&rsquo;indice de risque pays s&rsquo;&eacute;tablit en dessous des 1000 pdb&nbsp;&nbsp;</a></p> <p><a href="#_Toc199426149">Le pr&eacute;sident Daniel Noboa souhaite augmenter l&rsquo;investissement public&nbsp;&nbsp;</a></p> <h2><a href="#_Toc199426150">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc199426151">Hausse de l&rsquo;objectif de d&eacute;ficit dans la r&egrave;gle budg&eacute;taire, apr&egrave;s deux ann&eacute;es de manquement</a></p> <p><a href="#_Toc199426152">Les <em>remesas</em> augmentent de +5,5% au T1&nbsp;2025&nbsp; &nbsp;</a></p> <h2><a href="#_Toc199426153">Suriname&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</a></h2> <p><a href="#_Toc199426154">R&eacute;sultats des &eacute;lections l&eacute;gislatives du 25&nbsp;mai&nbsp;</a></p> <p><a href="#_Toc199426155">D&eacute;but de la construction du FPSO du projet <em>Granmorgu</em>&nbsp;</a></p> <h2><a href="#_Toc199426156">Venezuela</a></h2> <p><a href="#_Toc199426157">Les &Eacute;tats-Unis autorisent Chevron &agrave; conserver ses actifs au Venezuela apr&egrave;s la p&eacute;remption de la Licence G&eacute;n&eacute;rale 41B</a></p>fc3b556d-40c8-4191-aa7b-4318e1386c6b

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2025-05-23T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc198883079">Zoom&nbsp;: Colombie &ndash; Croissance de 2,7 % au T1 2025</a></h2> </div> <h2><a href="#_Toc198883080">Zone</a></h2> <p><a href="#_Toc198883081">Tenue du forum Chine-CELAC &agrave; P&eacute;kin</a></p> <h2><a href="#_Toc198883082">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc198883083">Le d&eacute;ficit budg&eacute;taire s&rsquo;&eacute;l&egrave;ve &agrave; 2,1 % du PIB au T1 2025&nbsp;&nbsp;</a></p> <p><a href="#_Toc198883084">Le gouvernement verse le retard de 600&nbsp;M$ d&ucirc; aux fournisseurs d&rsquo;&eacute;nergie au titre des subventions aux m&eacute;nages les plus vuln&eacute;rables</a></p> <p><a href="#_Toc198883085">D&eacute;gradation de la confiance des consommateurs au mois d&rsquo;avril&nbsp;</a></p> <h2><a href="#_Toc198883086">Equateur&nbsp;</a></h2> <p><a href="#_Toc198883087">L&rsquo;Equateur entamera des discussions avec les Etats-Unis en vue&nbsp;d&rsquo;un accord commercial</a></p> <p><a href="#_Toc198883088">En 2024, les recettes budg&eacute;taires du secteur minier ont atteint 1&nbsp;Md$&nbsp;&nbsp;</a></p> <h2><a href="#_Toc198883089">Guyana&nbsp;&nbsp;</a></h2> <p><a href="#_Toc198883090">Reprise des exportations directes de p&eacute;trole vers la Chine, apr&egrave;s trois ans d&rsquo;interruption&nbsp;&nbsp;</a></p> <h2><a href="#_Toc198883091">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc198883092">Croissance de 3,9 % en g.a. au T1 2025&nbsp;&nbsp;</a></p> <p><a href="#_Toc198883093">En 2024, le nombre d&rsquo;entreprises formelles a augment&eacute; de +1,7&nbsp;%&nbsp; &nbsp;</a></p> <h2><a href="#_Toc198883094">Suriname &ndash; Guyana&nbsp;</a></h2> <p><a href="#_Toc198883095">Visite du pr&eacute;sident surinamais au Guyana&nbsp;&nbsp;</a></p> <h2><a href="#_Toc198883096">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc198883097">Les exportations de p&eacute;trole augmentent de 145 000 bpj au cours des quatre premiers mois de 2025&nbsp;&nbsp;</a></p>93dcbe44-966b-49e4-a16a-d6b440b8cee8

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2025-05-15T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;">ZOOM : PEROU &ndash; LA CHINE, PREMIER PARTENAIRE COMMERCIAL DU PEROU, DIVERSIFIE SES LIENS DEJA IMPORTANTS AVEC LE PAYS</h2> </div> <h2 style="color: #333333;">Colombie</h2> <p>En visite en Chine, Gustavo Petro rejoint les Nouvelles routes de la soie</p> <p>Les exportations augmentent de 5,3 % au T1 2025</p> <p>L'inflation remonte &agrave; 5,16 % en g.a. en avril</p> <p>Les remesas atteignent 3,1 Md$ au T1 2025</p> <h2 style="color: #333333;">Equateur</h2> <p>Les exportations &eacute;quatoriennes confirment leur tendance &agrave; la hausse au T1 2025</p> <p>L&rsquo;Equateur confirme sa volont&eacute; de d&eacute;velopper l&rsquo;&eacute;nergie nucl&eacute;aire</p> <h2 style="color: #333333;">Guyana</h2> <p>En 2025, la part du secteur p&eacute;trolier dans le PIB devrait diminuer</p> <p>Les exportations non p&eacute;troli&egrave;res du Guyana s&rsquo;&eacute;l&egrave;vent &agrave; 1,8 Md$ en 2024</p> <p>Le Guyana et la Colombie envisagent un m&eacute;morandum d'entente pour renforcer leurs liens dans le secteur agricole</p> <h2 style="color: #333333;">P&eacute;rou</h2> <p>La Banque centrale r&eacute;duit son directeur de 25 pdb, &agrave; 4,50 %</p> <p>Le transfert de 14 projets d&rsquo;infrastructures devrait permettre de g&eacute;n&eacute;rer 1,1 Md$ d&rsquo;&eacute;conomies en 2026</p> <h2 style="color: #333333;">Suriname</h2> <p>En 2024, les exportations atteignent 2,8 Md$, et les importations 2,6 Md$</p> <h2 style="color: #333333;">Venezuela</h2> <p>Expiration de la Licence G&eacute;n&eacute;rale 80</p> <p>Les sanctions impos&eacute;es par les Etats-Unis augmenteraient de 27 % les co&ucirc;ts de production des entreprises industrielles v&eacute;n&eacute;zu&eacute;liennes</p>09bd4c48-54b7-4f96-9b62-8f67f4889556

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2025-05-08T00:00:00+02:00<div class="focus"> <h2><a href="#_Toc197594021">Zoom : Colombie &ndash; Les faibles niveaux d&rsquo;&eacute;pargne et d&rsquo;investissement entravent la croissance</a></h2> </div> <h2><a href="#_Toc197594022">Bolivie</a></h2> <p><a href="#_Toc197594023">L&rsquo;inflation atteint 15&nbsp;% en g.a. en avril</a></p> <p><a href="#_Toc197594024">YPFB pr&eacute;voit une production d&rsquo;ur&eacute;e record en 2025&nbsp;</a></p> <h2><a href="#_Toc197594025">Colombie</a></h2> <p><a href="#_Toc197594026">Le Comit&eacute; Autonome de la R&egrave;gle Budg&eacute;taire alerte &agrave; nouveau quant &agrave; la situation budg&eacute;taire de la Colombie&nbsp;</a></p> <p><a href="#_Toc197594027">En mars, le taux de ch&ocirc;mage diminue, avec toutefois davantage d&rsquo;informalit&eacute;</a></p> <p><a href="#_Toc197594028">La Colombie souhaite adh&eacute;rer &agrave; la Nouvelle Banque de D&eacute;veloppement des BRICS</a></p> <p><a href="#_Toc197594029">Diminution de la part de la population touch&eacute;e par la pauvret&eacute; multidimensionnelle</a></p> <p><a href="#_Toc197594030">En mars, l&rsquo;indice de confiance commerciale diminue, mais l&rsquo;indice de confiance industrielle augmente</a></p> <h2><a href="#_Toc197594031">Equateur</a></h2> <p><a href="#_Toc197594032">Le gouvernement chercher &agrave; attirer les investissements &eacute;trangers, alors que les IDE en Equateur ont chut&eacute; en 2024</a></p> <h2><a href="#_Toc197594033">Guyana</a></h2> <p><a href="#_Toc197594034">L&rsquo;EXIM Bank des Etats‑Unis d&eacute;cerne le prix de la transaction de l&rsquo;ann&eacute;e au projet guyanien de <em>Gas-to-Energy</em></a></p> <h2><a href="#_Toc197594035">P&eacute;rou</a></h2> <p><a href="#_Toc197594036">En 2024, les exportations ill&eacute;gales d'or atteignent le record de 7,4 Md$&nbsp;</a></p> <p><a href="#_Toc197594037">L&rsquo;inflation augmente, &agrave; 1,6&nbsp;% en g.a. mais reste dans la cible de la Banque centrale</a></p> <h2><a href="#_Toc197594038">Suriname</a></h2> <p><a href="#_Toc197594039"><em>TotalEnergies</em> commencera &agrave; forer un puit d&rsquo;exploration mi-mai</a></p> <h2><a href="#_Toc197594040">Venezuela</a></h2> <p><a href="#_Toc197594041">La Banque centrale intensifie ses interventions sur le march&eacute; des changes face &agrave; une d&eacute;pr&eacute;ciation continue du <em>bol&iacute;var</em></a></p> <p><a href="#_Toc197594042">Inflation de 172 % en g.a. en avril</a></p>88ba4ef6-5b34-4234-8d8d-4b2e56ec6eba

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2025-05-02T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc197076790">Zoom : Zone &ndash; Les pr&eacute;visions de croissance du FMI pour 2025.</a></h2> </div> <h2><a href="#_Toc197076791">Bolivie</a></h2> <p><a href="#_Toc197076792">Augmentation du salaire minimum de 10&nbsp;%.</a></p> <h2><a href="#_Toc197076793">Colombie&nbsp;</a></h2> <p><a href="#_Toc197076794">Le FMI suspend l&rsquo;acc&egrave;s &agrave; la ligne de cr&eacute;dit de la Colombie.</a></p> <p><a href="#_Toc197076795">La Banque centrale baisse son taux directeur &agrave; 9,25 %.</a></p> <p><a href="#_Toc197076796">Shell se retire de l&rsquo;exploitation d&rsquo;hydrocarbures en Colombie.</a></p> <p><a href="#_Toc197076797">Les importations ont augment&eacute; de 10,5&nbsp;% en g.a. en f&eacute;vrier.</a></p> <p><a href="#_Toc197076798">Fin de l&rsquo;&eacute;tat d&rsquo;urgence dans le Catatumbo, mais maintien des imp&ocirc;ts sp&eacute;ciaux qui y sont associ&eacute;s.</a></p> <h2><a href="#_Toc197076799">Equateur</a></h2> <p><a href="#_Toc197076800">En 2025, l&rsquo;Equateur devra rembourser 5,8 Md$ de dette.</a></p> <p><a href="#_Toc197076801">Le pr&eacute;sident r&eacute;&eacute;lu Daniel Noboa se rend en visite en Europe et en Asie.</a></p> <h2><a href="#_Toc197076802">Guyana&nbsp;</a></h2> <p><a href="#_Toc197076803">Le Guyana renforce ses liens avec la Guyane fran&ccedil;aise dans le domaine du num&eacute;rique.</a></p> <h2><a href="#_Toc197076804">P&eacute;rou</a></h2> <p><a href="#_Toc197076805">Le Conseil budg&eacute;taire alerte sur la situation budg&eacute;taire du P&eacute;rou.</a></p> <p><a href="#_Toc197076806">Le minist&egrave;re de l'Economie et des Finances approuve la mise &agrave; jour du cadre strat&eacute;gique de la r&eacute;forme de la gestion financi&egrave;re du secteur public.</a></p> <h2><a href="#_Toc197076807">Suriname</a></h2> <p><a href="#_Toc197076808">Staatsolie souhaite devenir un <em>leader</em> r&eacute;gional dans la production de p&eacute;trole et des &eacute;nergies renouvelables.</a></p> <p><a href="#_Toc197076809">Une entreprise &eacute;miratie pr&eacute;voit un projet solaire &agrave; grande &eacute;chelle au Suriname.</a></p> <h2><a href="#_Toc197076810">Venezuela</a></h2> <p><a href="#_Toc197076811">Proposition d&rsquo;augmentation des droits de douane sur les pi&egrave;ces d&eacute;tach&eacute;es automobiles.</a></p> <p><a href="#_Toc197076812">Activit&eacute; &eacute;conomique au T1 2025 : croissance ou d&eacute;clin ?</a></p> <p><a href="#_Toc197076813">Vitol intensifie ses achats de p&eacute;trole au Venezuela avant le 27 mai, date limite de la LG41B.</a></p> <p><a href="#_Toc197076814">Quatre entreprises suspendent leurs activit&eacute;s dans des coentreprises avec PDVSA.</a></p> <p><a href="#_Toc197076815">Rencontre entre Delcy Rodr&iacute;guez et le pr&eacute;sident de CNPC, Dai Houliang.</a></p>def308e2-5bcc-404b-8483-52a0fae54320

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2025-04-24T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc196403263">Zoom : Zone &ndash; Quelles perspectives budg&eacute;taires pour les pays andins, dans un contexte international incertain ?&nbsp;</a></h2> </div> <h2><a href="#_Toc196403264">Bolivie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc196403265">La notation souveraine de la Bolivie est abaiss&eacute;e de Caa3 &agrave; Ca par l&rsquo;agence de notation Moody&rsquo;s.&nbsp;</a></p> <p><a href="#_Toc196403266">Certification internationale d&eacute;cern&eacute;e dans le Salar d&rsquo;Uyuni pour 21 millions de tonnes de lithium.&nbsp;</a></p> <h2><a href="#_Toc196403267">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc196403268">Croissance de 1,8&nbsp;% en g.a. en f&eacute;vrier.</a></p> <p><a href="#_Toc196403269">Consensus des &eacute;conomistes&nbsp;: 2,6&nbsp;% en 2025, et 2,5&nbsp;% pour le T1-2025, dans un contexte de l&eacute;g&egrave;re baisse de l&rsquo;inflation.&nbsp;</a></p> <p><a href="#_Toc196403270">Le FMI annonce que le d&eacute;ficit budg&eacute;taire et la dette publique sont sup&eacute;rieurs aux pr&eacute;visions.&nbsp;</a></p> <p><a href="#_Toc196403271">En mars, croissance de +3,4&nbsp;% de la consommation priv&eacute;e.&nbsp;</a></p> <p><a href="#_Toc196403272">Les <em>remesas</em> seraient la premi&egrave;re source de devises en 2025.&nbsp;</a></p> <h2><a href="#_Toc196403273">Equateur&nbsp;</a></h2> <p><a href="#_Toc196403274">Les faibles investissements entra&icirc;nent la r&eacute;duction du transport de p&eacute;trole via l&rsquo;ol&eacute;oduc SOTE.&nbsp;</a></p> <p><a href="#_Toc196403275">Les entreprises chinoises gagnent en importance dans le secteur minier.&nbsp;</a></p> <h2><a href="#_Toc196403276">Guyana&nbsp;</a></h2> <p><a href="#_Toc196403277">Au T1 2025, les revenus p&eacute;troliers du Guyana atteignent 605 M$.&nbsp;</a></p> <h2><a href="#_Toc196403278">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc196403279">En 2024, le P&eacute;rou figure parmi les dix&nbsp;premiers fournisseurs de produits agro‑industriels des &Eacute;tats-Unis.&nbsp;</a></p> <h2><a href="#_Toc196403280">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc196403281">Activit&eacute; commerciale en forte difficult&eacute; au T1 2025.&nbsp;</a></p> <p><a href="#_Toc196403282">Hausse du prix du panier alimentaire de base de 74&nbsp;%.&nbsp;</a></p> <p><a href="#_Toc196403283">Le syst&egrave;me de g&eacute;olocalisation russe <em>Glonass</em> sera bient&ocirc;t op&eacute;rationnel au Venezuela.&nbsp;</a></p> <p><a href="#_Toc196404484">Selon Nicol&aacute;s Maduro, le Venezuela souhaite suivre le mod&egrave;le de d&eacute;veloppement &eacute;conomique chinois.</a></p> <p><!--EndFragment--></p>ac26c925-4ed0-490d-89b3-b19879f46718

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2025-04-16T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc195710962">Zoom : Colombie &ndash; Quels impacts attendre de la baisse du cours du p&eacute;trole sur l&rsquo;&eacute;conomie colombienne&nbsp;?&nbsp;</a></h2> </div> <h2><a href="#_Toc195710963">Bolivie</a></h2> <p><a href="#_Toc195710964">Le taux de change parall&egrave;le du dollar atteint pr&egrave;s du double du change officiel.&nbsp;</a></p> <p><a href="#_Toc195710965">Les droits de douane impos&eacute;s par les Etats-Unis affecteraient la moiti&eacute; de la valeur des exportations boliviennes vers ce pays.&nbsp;</a></p> <h2><a href="#_Toc195710966">Colombie&nbsp;&nbsp;</a></h2> <p><a href="#_Toc195710967">Dans le cadre de la probl&eacute;matique budg&eacute;taire &agrave; l&rsquo;&oelig;uvre, le gouvernement pr&eacute;voit d&rsquo;augmenter les imp&ocirc;ts des entreprises &agrave; la source.&nbsp;</a></p> <p><a href="#_Toc195710968">La Colombie a &eacute;mis de nouvelles obligations &agrave; hauteur de 3,8 Md$.&nbsp;</a></p> <p><a href="#_Toc195710969">La Colombie pr&eacute;voit une forte baisse de la production nationale de gaz GPL.&nbsp;</a></p> <p><a href="#_Toc195710970"><em>Moody&rsquo;s Ratings</em> alerte quant &agrave; la situation budg&eacute;taire de la Colombie.&nbsp;</a></p> <h2><a href="#_Toc195710971">Equateur&nbsp;</a></h2> <p><a href="#_Toc195710972">Le Pr&eacute;sident Noboa est r&eacute;&eacute;lu au second tour des &eacute;lections pr&eacute;sidentielles.&nbsp;</a></p> <p><a href="#_Toc195710973">Croissance&nbsp;: ‑2&nbsp;% en 2024, et pr&eacute;vision de 2,8&nbsp;% pour 2025.&nbsp;</a></p> <h2><a href="#_Toc195710974">Guyana - Suriname&nbsp;&nbsp;</a></h2> <p><a href="#_Toc195710975">Arriv&eacute;e prochaine d&rsquo;un quatri&egrave;me FPSO.&nbsp;</a></p> <p><a href="#_Toc195710976">Hess restituera ses blocs p&eacute;troliers inexploit&eacute;s dans les zones <em>offshores</em> du Guyana et du Suriname.&nbsp;</a></p> <h2><a href="#_Toc195710977">P&eacute;rou&nbsp;&nbsp;</a></h2> <p><a href="#_Toc195710978">La Banque centrale maintient son taux de r&eacute;f&eacute;rence &agrave; 4,75 % pour le quatri&egrave;me mois cons&eacute;cutif.&nbsp;</a></p> <p><a href="#_Toc195710979">La Banque centrale pr&eacute;voit une croissance de 4&nbsp;% en g.a. au T1 2025.&nbsp;</a></p> <h2><a href="#_Toc195710980">Venezuela&nbsp;&nbsp;</a></h2> <p><a href="#_Toc195710981">PDVSA ordonne la restitution des cargaisons de p&eacute;trole brut envoy&eacute; aux Etats-Unis.</a></p> <p><a href="#_Toc195710982">Les chiffres de l&rsquo;OPEP sur la production de p&eacute;trole v&eacute;n&eacute;zu&eacute;lienne pour mars 2025.</a></p> <p><a href="#_Toc195710983">Une baisse de l&rsquo;activit&eacute; &eacute;conomique pr&eacute;vue entre ‑2&nbsp;% et ‑3,5&nbsp;% pr&eacute;vue pour 2025.</a></p>9db3c6d0-d23f-4637-b46b-5d1c954a0bd2

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2025-04-11T00:00:00+02:00<div class="focus"> <h2 style="text-align: center;"><a href="#_Toc195265563">Zoom : Zone &ndash; Potentiels impacts des droits de douane impos&eacute;s (puis paus&eacute;s pour 90&nbsp;jours) par les Etats-Unis aux pays andins et du plateau des Guyanes.</a></h2> </div> <h2><a href="#_Toc195265564">Bolivie&nbsp;</a></h2> <p><a href="#_Toc195265565">La Banque centrale autorise l'utilisation des r&eacute;serves internationales en or comme garantie pour l'obtention de pr&ecirc;ts.</a></p> <p><a href="#_Toc195265566">L&rsquo;utilisation des gazoducs boliviens pour l'exportation du gaz argentin vers le Br&eacute;sil pourrait g&eacute;n&eacute;rer des revenus jusqu&rsquo;&agrave; 200 M$ par an.</a></p> <h2><a href="#_Toc195265567">Colombie&nbsp;</a></h2> <p><a href="#_Toc195265568">L&rsquo;inflation baisse de nouveau&nbsp;: elle atteint 5,09 % en g.a. en mars.</a></p> <p><a href="#_Toc195265569">Au T1 2025, l&rsquo;engagement budg&eacute;taire d&eacute;passe la cible, mais les obligations et paiements sont &agrave; la tra&icirc;ne.</a></p> <p><a href="#_Toc195265570">Stagnation des exportations en f&eacute;vrier.</a></p> <h2><a href="#_Toc195265571">Equateur</a></h2> <p><a href="#_Toc195265572">Les IDE s&rsquo;&eacute;tablissent &agrave; 232 M$ en 2024.</a></p> <p><a href="#_Toc195265573">Le comit&eacute; de commerce &eacute;quatorien approuve une baisse temporaire de -10 % sur les droits de douane impos&eacute;s aux voitures import&eacute;es des Etats-Unis.</a></p> <h2><a href="#_Toc195265574">Guyana</a></h2> <p><a href="#_Toc195265575">Le Guyana participe au 55^&egrave;me Forum mondial des affaires, &agrave; Marseille.</a></p> <h2><a href="#_Toc195265576">P&eacute;rou&nbsp;</a></h2> <p><a href="#_Toc195265577">L'attribution de projets par le biais du m&eacute;canisme <em>Travaux contre Imp&ocirc;ts</em> (OxI) a atteint un nouveau record T1 2025.</a></p> <h2><a href="#_Toc195265578">Venezuela&nbsp;</a></h2> <p><a href="#_Toc195265579">L&rsquo;inflation atteint 13,1 % en mars.</a></p> <p><a href="#_Toc195265580">R&eacute;vocation des licences sp&eacute;cifiques des projets Dragon et Cocuina-Manakin.</a></p>