Monday Memo: “La Bestia” Train Accident – FARC Negotiations – Venezuelan-Palestinian Oil Deal – New WTO Director – Mexico Energy Consultations
Likely top stories this week: Six people die in “La Bestia” train accident in Mexico; Colombia-FARC peace talks resume in Havana; Venezuela and Palestine sign energy deal; Roberto Azevêdo will become the new WTO director; and public consultations on energy reform begin in Mexico. Six Dead and 22 Injured in “La Bestia” Train Accident: On … Read more
Could an “Alternative” Candidate Win the Chilean Election?
Turmoil on the Right may open the door for a third party or independent presidential candidate—or pave the way for a Bachelet tsunami. A turbulent few weeks in Chilean politics have made for a seismic shift in the race for La Moneda. And with the debut of primary elections, voluntary voting and a clamor for … Read more
Rousseff Recalibrates
The boos that hailed down on Dilma Rousseff last month at the Confederations Cup are growing louder. Approval for the Brazilian president fell 26 percentage points in the last month, from 71 percent in June to 45 percent in July, according to a July 9–12 poll conducted by Instituto Brasileiro de Opinião Pública e Estatística … Read more
Reforma fiscal e equidade social by Fernando Rezende
For over a decade, Brazil has been a model of fiscal responsibility. Brazil’s success makes it easy to forget that it once suffered from one of the worst fiscal performances in Latin America, complicated by hyperinflation, short-lived currencies, and massive debt-to-GDP ratios. Today’s economic stability also makes it easy to assume that Brazil’s fiscal house … Read more
Emerging Debt Markets: Still on Strong Footing
The search for higher returns has drawn international investors in droves to emerging market debt and to Latin American debt markets, specifically during the past few years. Data collected by EPFR Global show that money flows toward emerging market bond funds quadrupled from 2011 to 2012—a trend that remained strong through May 2013. In Latin … Read more
Some Contradictions in Contemporary Cuban Economic Development
In an August 2010 address to the Cuban National Assembly, President Raúl Castro unveiled a plan that would irrevocably alter the Caribbean nation’s trajectory. As part of a broader package of economic changes to increase productivity and exports in a number of sectors, the government planned to lay off 1 million state workers over the … Read more
Fresh Look Reviews
Fresh, unique perspectives on recent books from across the hemisphere originally published in English, Spanish and Portuguese.
Policy Updates
A snapshot of policy trends and successes in the region.
Protests Continue as Brazilian Real Reaches Four-Year-Low
The real depreciated to a four-year low (R$2.1815 per U.S. dollar) on Tuesday as protests against corruption and bad governance continued to swell in the streets of 12 Brazilian cities. The real has declined 9 percent since March forcing the Central Bank to take action to reduce inflationary pressure. While the Brazilian police were preventing … Read more
Argentine Farmers Announce Five-Day Strike
Four of Argentina’s main farm associations announced on Tuesday a five-day commercial strike that will begin this weekend to protest the Argentine government’s market regulations. Argentine farmers, one of the largest global providers of food, will stop selling livestock and grain from Saturday, June 15, through Wednesday, June 19. The strike is motivated by rising … Read more
En el socialismo venezolano, las cosas no pueden ser regaladas
Cuando Hugo Chávez asumió la presidencia de Venezuela en 1999, apenas 11 por ciento de la población era rural. En diciembre pasado, al despedirse de la nación a la cual gobernó por más de una década, la cifra había caído a 6 por ciento. Promesas de una revolucionaria reforma agraria, millones de dólares en créditos … Read more
New Push for Stronger Russia-Mexico Ties
Mexican Secretary of Foreign Affairs José Antonio Meade met with Russian Senator Valentina I. Matvienko president of the Federation Council of the General Assembly in Mexico City, to celebrate a cooperation agreement signed earlier in the week that highlights the importance of stronger relations between the two countries. During a ceremony earlier this week Ernesto Cordero, president of Mexico’s Permanent … Read more
Inflation in Brazil
In March, inflation in Brazil surpassed the government’s target ceiling for the first time since 2011 as the country’s IPCA consumer price index, which is produced by the Instituto Brasileiro de Geografia e Estatistica, rose 6.59 percent over 12 months—just above the target of 6.5 percent. The impact on the economy was felt quickly by … Read more
Empresas Polar Denies Accusations of Disrupting the Venezuelan Economy
Update, May 15, 2013: President Nicolás Maduro and Lorenzo Mendoza, president of Empresas Polar, met last night and resolved their differences, with both pledging to work together to overcome any food shortages. May 14, 2013 – Lorenzo Mendoza, head of Empresas Polar S.A., Venezuela’s largest privately-held food company, refuted government claims that his business is … Read more
Maduro Ends His Mercosur Tour in Brasilia
Venezuelan president Nicolás Maduro marked the end of his three-day trip through Uruguay, Argentina and Brazil yesterday with a meeting in Brasilia with President Dilma Rousseff to highlight Venezuela’s strategic alliance with Brazil. Maduro traveled to Mercosur member countries for his first trip post-presidential election in an effort to consolidate bilateral ties. In Uruguay, his … Read more
