Argentina and Panama report Q1 GDP data.
For the second month running, congress granted President Martín Vizcarra special legislative powers to spur infrastructure spending and modernize the state apparatus.
Banks could however be affected by the current market volatility if some of their large company clients face major problems due to the volatility, according to an expert from Fitch Ratings.
The country's central bank released its economic activity indicator for April, showing the economy slipped after protests broke out mid-month, while violence deepened in the district of Masaya, where government forces carried out attacks to retake control.
Most analysts now see the central bank's monetary board making a hike of at least 25 basis points to 7.75% when it meets on Thursday.
Colombian lender Colpatria's acquisition of part of Citibank's local operations advances as Japan's MUFG changes its focus in Chile and Argentina.
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