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, a need that the pandemic has further exaggerated.
If 2020 was the year marked by the pandemic and its economic impact, 2021 begins as a year of challenges for Latin America. From 2021 to 2024, the countries in the region will enter a new period of high electoral intensity in which all, except Bolivia and Cuba, will go to the polls to renew or ratify their leaders in a context of high polarization and political fragmentation. In addition, there is a heavy social burden aggravated by the economic crisis sparked by the pandemic.
The Covid-19 Omicron variant has not yet reached the region with the intensity that it has in Europe and Africa, so domestic economic and political issues dominate the news in Latin American
countries.
Argentina is negotiating its debt with the IMF after the recent electoral landslide of the ruling party. Chile will be the following country to hold elections on December 19, followed by Colombia, whose GDP has grown by 9.5%, while its CPI has also increased by 5.2%. Mexico also reports a high level of inflation, the highest in 20 years.
In the political arena, the vacancy motion filed against the president of Peru did not attain the necessary votes, and Jair Bolsonaro is facing a new impeachment petition upon the request of a group of jurists. Meanwhile, in Paraguay, tensions arise amongst the factions of the Colorado Party due to the possible intervention from the Governor’s Office of the Central Department. On the other hand, the Dominican Republic has reached pre-pandemic levels of employment, GDP, and investments. Ecuador also wants to reach these investment rates after the “Ecuador Open for Business” forum, where a portfolio of 50 projects open to private investment worth more than USD 30 billion, was presented.
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