Ibero-American Summit Begins in Veracruz with Notable Absences
The leaders of Latin American and Iberian countries were on hand for the opening of the 24th Cumbre Iberoamericana (Ibero-American Summit) in Veracruz, Mexico yesterday. Just as notable as who was present, however, was the long list of absences. A block of six presidents—representing Brazil, Argentina, Venezuela, Bolivia, Nicaragua and Cuba—snubbed the two-day summit, which … Read more
Monday Memo: Brazil Petrobras — Haiti Protests — LatAm Currencies — Guantánamo Prisoners —Mexico Missing Students
This week’s likely top stories: Brazilian prosecutor plans to indict at least 11 in the Petrobras scandal; Haitian protestors in Port-au-Prince demand long-overdue elections; Latin American currencies drop as U.S. job growth surges in November; U.S. releases six Guantánamo prisoners to Uruguay; Meixcan government identifies the remains of one of 43 missing students. Brazilian Prosecutor … Read more
34 Haitian Inmates Escape Overcrowded Prison
Haitian national police confirmed on Monday that nearly three dozen detainees escaped from a prison in the provincial city of Saint-Marc, 100 km (60 miles) north of Port-au-Prince. According to reports, the detainees sawed through a cell window and jumped out. The five guards on duty at the time have been detained on suspicion of … Read more
Monday Memo: Peru COP20 — Uruguay Election — Colombia Peace Talks — Venezuela Oil — Cuba GDP
This week’s likely top stories: Global leaders gather in Lima for the COP20 Climate Summit; Tabaré Vázquez wins the runoff presidential election in Uruguay; With FARC hostages released, Colombian peace talks are set to resume in Havana; Venezuela braces for impact as oil prices hit rock bottom; Cuba misses the mark on economic growth in … Read more
The Non-Trade Trade
At the beginning of President Barack Obama’s first term, moves toward normalization between the United States and Cuba briefly seemed possible. Restrictions on travel and remittances were loosened, and Obama hinted at bigger changes during the April 2009 Summit of the Americas in Trinidad and Tobago. However, the political space in the United States quickly … Read more
Monday Memo: Colombia Peace Talks — U.S. Refugee Status — Petrobras Arrests — Cuba Tourism — Pemex Investments
This week’s likely top stories: Colombia’s peace talks suspended over kidnapping; U.S. will grant refugee status to select minors from Central America; Brazilian police arrest 27 in Petrobras corruption scandal; Cruise ship tourism is booming in Cuba; Pemex invests millions in hydrocarbon production and exploration. Kidnapping Halts Colombian Peace Talks: Colombian President Juan Manuel Santos … Read more
The Solitude of the Dominican Republic
In his Nobel Prize speech in December 1982, Gabriel García Márquez described the heterodox habits of colonial conquerors, generals and dictators as the roots of “the solitude of Latin America.” During the laureate ceremony at the Swedish Academy, he made no mention of the Dominican Republic. He also refrained from pointing out examples of judges’ … Read more
Guatemalan President to Launch Reparations Program for Chixoy Victims
This Saturday, Guatemalan President Otto Pérez Molina will formally launch a reparation program for communities affected by the repression and violence surrounding the construction of the Chixoy Dam in the 1980s, according to the Asociación para el Desarrollo Integral de las Víctimas de la Violencia en las Verapaces Maya Achí (Association for the Integral Development … Read more
Cuba’s New Business Class
A palpable energy is reinvigorating the once-stagnant Cuban economy. Entrepreneurial businesses—spanning all sectors and industries—are springing up across the island. Walking through the streets of Havana, Santa Clara or Camagüey, it’s hard not to trip over construction sites for private restaurants, or see the storefronts offering manicures, haircuts, cell phone repairs, or colorful artwork. View … Read more
Cuba and the Summits of the Americas
In the coming months, the United States is going to face a tough choice: either alter its policy toward Cuba or face the virtual collapse of its diplomacy in Latin America. The upcoming Summit of the Americas, the seventh meeting of democratically elected heads of state throughout the Americas, due to convene in April 2015 … Read more
A Skeptic’s View on the “Peace Dividend”
On July 20, 2010, President Juan Manuel Santos promised the 9 million voters who had just elected him to his first term that he would build on the foundation created “by a giant, our President Álvaro Uribe.”1 He declared that Colombia could now look to the future with hope, thanks to the multiple successes that … Read more
Why Entrepreneurship Matters in Cuba
For almost two decades, I have watched entrepreneurship explode across Latin America and the Caribbean, empowering citizens, transforming economies and changing lives. In sectors ranging from restaurants and small manufacturing to high tech, entrepreneurs are changing the economic and social landscape of the region. Perhaps most important, they are also generating jobs. Across the region, … Read more
Double Trouble: Currency Unification in Cuba
After nearly 20 years, the dual currency system enacted by Cuba to help mitigate the economic shock from the collapse of the Soviet Union is set to be retired. As part of the government’s efforts to develop the country’s socialist economy, the Cuban government recently announced that it would unify its complicated currency system. In … Read more
Can Cuba’s Economic Reforms Succeed?
The impression most casual observers receive today from Cuba is that since Raúl Castro assumed power in 2006, the country has been going through a dramatic transition to a market economy. But while what the younger Castro brother has called “structural reforms” are important steps toward a market under Cuba’s revolutionary government, they are a … Read more
Cuba: The New Leaders
Yoani Sánchez smiles during a news conference that was part of her 80-day tour of South America, Europe and the U.S. in 2013. Photo: UESLEI MARCELINO/REUTERS. Read profiles of: Miguel Díaz-Canel Yamina Vicente MalPaso The Faculty of Economics Yoani Sánchez Miguel Díaz-Canel By Michael Voss Up from the provinces: Miguel Díaz-Canel waves to the crowds … Read more