LATAM Business Watch: 29 Oct 2026 – Costa Rica Drops CPTPP Bid

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LATAM Business Watch: 29 Oct 2026 – Costa Rica Drops CPTPP Bid

October 29, 2026

Good Morning,

Costa Rica archived its CPTPP accession and dismissed its trade minister, Brazil’s Treasury bought back about US$5.9 billion of bonds in two days, Capstone Copper outlined a US$3 billion-plus Chile plan, IMF staff and Argentina agreed on a third review, and Colombia launched a three-part dollar bond.

Today’s full analysis: Costa Rica Shelves the CPTPP: What Land and Business Buyers Should Do

Let’s dive in.

Markets & Macro

Brazil: Treasury bought about R$16.8 billion (about US$3.1 billion) of inflation-linked bonds on 27 October, after about R$14.8 billion on 26 October; volumes rest on Brazilian reports (Rio Times).
Brazil: Selic stands at 13.75% after a quarter-point cut on 16 September, per the same report (Rio Times).
Argentina: IMF staff-level agreement on 27 October would release about US$900 million after board approval, expected in early December (Rio Times).
Colombia: ratings cited are S&P BB-, Fitch BB and Moody’s Baa3 as the sale launched (Rio Times).

This Week’s Calendar

Tuesday 3 Nov: new health declaration required for US-bound passengers from Costa Rica (Tico Times).
Wednesday 4 Nov: Brazil’s Copom rate decision (Rio Times).
Early November: Argentina owes the IMF roughly US$800 million to US$865 million, per local reports cited by Rio Times; exact date not stated.

Other days: no verified scheduled releases found.

Headline Roundup

Costa Rica shelves its Pacific trade-pact bid and removes the trade minister (Tico Times).
Government promises farm support, with no budget or timeline given (Infobae).
Two Comex ministers have left within 34 days, and Procomer’s manager is resigning (La Nación).
Land-registry fraud complaints climbed to 122 in 2025 from 65 in 2022 (Tico Times).
Panama Canal drought limits could raise grain import costs for Costa Rica (Tico Times).
Brazil’s Treasury steps in with bond buybacks after the election result (Rio Times).
Chile’s copper expansion plan unveiled with the president present (Rio Times).
Argentina and IMF staff settle a third program review (Rio Times).

Deal Flow

Debt

Colombia launched a three-tranche dollar bond due 2032, 2037 and 2056 via BBVA, Itaú and J.P. Morgan; size not public at launch.

Funds / Real Estate / Infrastructure

Capstone Copper outlined more than US$3 billion of Chile investment over four years; Santo Domingo final investment decision still pending, per Chilean press.

Regulatory Watch

Costa Rica: CPTPP accession archived by government order on 28 October; effective date: not stated (Tico Times).
Costa Rica: registry-security reform lets owners ask the National Registry to annul provably wrong entries; in force since December 2025 (Tico Times).
Argentina: IMF board approval of the third review expected early December; exact date not announced (Rio Times).

Data as of 29 October 2026. Items reflect public reports on the dates shown; deal terms are as reported by the sources and may change. This is general market commentary, not investment advice.