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.
The new Coronavirus variant has arrived in Latin America. As in the rest of the world, Omicron has increased the number of infections, but it is not leading to a relatively high level of hospitalizations and deaths, especially compared to other phases of the pandemic.
Latin America has already surpassed the peak of infections caused by the Omicron variant. Despite its lower viral load, it has led to a slight reduction in growth projections for 2022.
In the political arena, Peru’s president, Pedro Castillo, appointed his fourth cabinet in seven months, while Chile’s president elect, Gabriel Boric, presented his first cabinet, which is young and mainly composed of women.
In Colombia, polls indicate that Gustavo Petro will advance to the second round of the presidential elections, but there is uncertainty as to who his opponent will be. Mexico will also have two electoral proceedings regarding the revocation of AMLO’s mandate and the local elections.
The social and political rejection of the IMF’s agreement is at the center of Argentina’s news. At the same time, the Ecuadorian president renegotiates the country’s debt with China, seeking to distance itself from a rising oil price.
In Brazil, judicial investigations into Bolsonaro and his associates continue, now for possible computer-related crimes, while the Dominican Republic shows good economic data. Finally, high temperatures in Paraguay are causing power and water outages and raising concerns about the effects on soybean harvests.
Click here to access the Latin American Keys summary.