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.
After an intense election campaign, Luiz Inácio Lula da Silva was once again elected president of Brazil. A victory that represents the consolidation of the political shift that is taking place in Latin America. In rejection of this result, pro-Bolsonaro demonstrators gathered at various points around the country, even closing roads. Some of Lula’s ideological allies in the region face complex scenarios.
In Peru, President Pedro Castillo was denounced by the Attorney General’s Office for allegedly leading a criminal organisation within his government. Meanwhile, Gabriel Boric experienced a significant drop in his popularity, down to 26 per cent approval rating. In addition, Chile could enter recession in 2023. Meanwhile, Gustavo Petro completed his first 100 days in office after getting the legislature to accept the tax reform, the Colombian government’s flagship project. For its part, Mexico’s Congress of the Union approved several important measures, such as the Federal Expenditure Budget 2023 and the reform of the Federal Labour Law.
The current situation in Ecuador was marked by the outbreak of violence provoked by criminal groups, both inside prisons and on the country’s streets. Instability also afflicts Bolivia, where the city of Santa Cruz has been in an indefinite strike for more than 21 days amid allegations of abuses of power by the police and pro government groups.
Finally, infighting continues within Argentina’s political forces. Now, due to the announcement of candidacies for next year’s presidential elections.
