Latin American Keys is an informative and analytical summary regarding the political and economic situation in the Latin American region. These key takeaways, prepared monthly by ATREVIA´s Analysis and Research team, serve to be a useful tool in understanding the evolution of the political-institutional state of Latin America.
The uncertain tariff outlook stemming from the United States has yet to produce a clear impact on Latin American economies. Meanwhile, the region continues to grapple with internal challenges such as inflation and insecurity.
The murder of 13 miners in Peru led to the resignation of Prime Minister Gustavo Adrianzén—a situation that contrasts with the country’s economic optimism, driven by strong growth forecasts. In Ecuador, 11 soldiers were killed, also in connection with illegal mining, a problem Daniel Noboa will have to confront after being re-elected president, though without a clear majority in the legislature.
Violence surged in Colombia due to actions by armed groups, with more than 20 law enforcement officers killed in recent weeks. Although inflation rose, the Central Bank lowered the interest rate, as did Mexico, where a close aide to the Head of Government of Mexico City was the victim of a fatal attack just weeks before the first and controversial judicial elections.
In contrast, Brazil’s Central Bank raised its interest rate to the highest level in nearly two decades. President Lula’s recent uptick in approval ratings may be affected by a corruption case involving Social Security. His Argentine counterpart, Javier Milei, has lost some support, but he remains the country’s highest-rated leader, while inflation has fallen to its lowest year-on-year level in four years.
In Chile, inflation eased but remains above the Central Bank’s target range, while President Boric has been implicated in the ProCultura case. Uruguay, by contrast, has kept inflation within target for 23 consecutive months. In the local elections, the left won in Montevideo, while the National Party secured 13 of the 19 departments.
As tariff tensions with the U.S. persist and China’s influence in the region grows, the European Union is working to strengthen its ties with Latin America. The European Parliament is reaching consensus on a more proactive strategy, while Brussels deepens its climate partnership with Mexico and continues to push for ratification of the Mercosur deal—still blocked by France despite broad support.
