☀ Domingo Brief — Election Day in Venezuela

Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.

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Welcome back to the Domingo Brief! This week, we’re keeping up with Bolivian natural gas reserves, Chilean foreign investment, and more.

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Trivia of the Week

Exactly three-quarters (75%) of you correctly guessed the French Football Federation as the soccer federation which filed a complaint with FIFA for offensive chants following Argentina's Copa America victory. The complaint follows a live video broadcasted by Argentinian midfielder Enzo Fernández wherein players from the Argentinian team chanted remarks deemed racist and discriminatory directed towards French players of African descent. Fernández has since publicly apologized.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

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🇧🇴 Bolivian authorities discovered the third-largest natural gas reserve in the country with a capacity of 1.7T cubic feet, expecting to generate $6.8B in revenue. This discovery in the Mayaya Centro-X1 well comes two years after Bolivia became a net importer of energy for the first time in decades following drastic hydrocarbon deficits. While extraction and distribution development is expected to take 3 to 5 years, the state-owned energy firm YPFB has pledged $400M in direct investment to begin operations as soon as possible.

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🇨🇱 Chilean foreign direct investment (FDI) was valued at $34.5B in the first half of 2024 spread across 405 initiatives in different stages of development. This represents a 24% increase from the equivalent time period in 2023. While most initiatives are still being materialized, 4.6K jobs have been created so far, with this number estimated to quadruple once all projects are executed. Investments have been primarily concentrated in the energy, mining, global services, and infrastructure industries, with a majority originating from the United States, China, and Canada.