Author: Juan Martinez
Argentina has shifted its perspective on the recent unrest in Bolivia, denouncing the reported coup as a staged event. This marks a change from the initial dismissal of military disruption as atypical. The country now backs opposition figures, including ex-President Evo Morales, who accuse President Arce of orchestrating the incident, while Bolivia maintains the events were authentic. President Milei of Argentina, a libertarian advocate, distances himself from regional leaders concerned about the decline of left-wing ideology in Bolivia. A split within the ruling left could pave the way for a conservative leader in Bolivia, aligning with Milei’s ideology. In response,…
In a significant internal election on Sunday, Álvaro Delgado secured the National Party’s nomination for President of Uruguay with a commanding 74% of the vote, defeating Laura Raffo. This victory paves the way for the national elections scheduled for October 27. During his acceptance speech, Delgado pledged to continue the policies of current President Luis Lacalle Pou and introduced Valeria Ripoll as his vice-presidential running mate, signaling a move towards left-leaning sectors within the party. Delgado, a veterinarian and legislator, is a key figure in the PN and promises transformative policies to position Uruguay as a leader in Latin America.…
Uruguay’s Economic Growth Projection for 2024 Revised to 3.35%: A Regional Comparison Uruguayan economic analysts have adjusted their 2024 growth forecast to 3.35%, slightly lower than the initial projection of 3.49% in May. The revision was based on the Expectations Survey released by the Central Bank of Uruguay, which consulted experts and financial institutions. While some predict a more modest 2.90% increase in GDP, others are more optimistic, foreseeing a 5.00% rise. Despite experiencing slow growth in the first quarter of 2024 due to factors like drought conditions and the completion of major projects, President Luis Lacalle Pou’s government anticipates…
Javier Milei, the President of Argentina, has announced a bold “monetary regime change” to achieve economic stability. With the approval of Ley de Bases and a substantial fiscal package, Milei is ushering in a new phase of governance focused on transformational reforms. The Ley de Bases signifies the end of the first phase of Milei’s administration and is five times larger than the reforms implemented by former President Menem. Under the Decree of Necessity and Urgency (DNU), Argentina has embarked on 800 structural reforms aimed at improving economic freedom substantially. Milei’s vision is to elevate Argentina to the status of…
President Javier Milei’s Base Law was recently endorsed by the Argentine Chamber of Deputies on June 27, 2024, marking a significant step towards deregulating the economy. With 232 articles, the proposal secured 142 votes for and 106 against, showing broad political support. These reforms are crucial for reviewing the Fiscal Package, aimed at implementing tax reductions, labor reforms, and restructuring public agencies. The upcoming 12-hour debates will focus on key changes like tax reductions and modifications to personal asset taxation, addressing Argentina’s severe inflation and fiscal challenges. This legislative milestone reflects a major shift in Argentina’s governance and economic management,…
Claudia Sheinbaum, the newly elected President of Mexico, has added five more members to her 2024–2030 Cabinet, bringing the total to 12. The diverse team includes experienced individuals like Rogelio Ramírez de la O continuing as Secretary of Finance and Luz Elena González taking on the role of Secretary of Energy. Sheinbaum’s strategic choices emphasize continuity and expertise, with former collaborators and current officials playing key roles. Raquel Buenrostro, David Kershenobich, and Edna Elena Vega are among the new appointees, each bringing valuable experience to their respective positions. The Significance of Political and Economic Dynamics These appointments come amidst political…
In the first quarter of 2024, Argentina’s external debt saw a slight increase of 0.8% year-on-year, reaching a total of $289.97 billion, according to the National Institute of Statistics and Censuses (INDEC). While government financial commitments rose by 0.6%, obligations of the Central Bank of the Republic of Argentina (BCRA) decreased by 4.4%. However, debt for non-financial corporations, households, and non-profits increased by 2.4%, now accounting for 35.4% of the country’s external liabilities. The government sector holds the majority of the debt with $157.02 billion, representing 54.2% of Argentina’s external debt. Non-financial corporations and households hold $102.53 billion, and the…
Bolivia is in turmoil as President Luis Arce thwarts an alleged coup attempt, ahead of the 2025 general elections, tensions are rising. Armed forces withdrew from the presidential palace after a confrontation led by General Juan José Zúñiga, who has been stripped of his command. President Arce condemned the actions as a coup and sought international support to protect democracy. President Arce Thwarts Alleged Coup in Bolivia – General Juan José Zúñiga. (Photo Internet reproduction) New military commander José Wilson Sanchez was appointed to stabilize the situation. The crisis reflects deep political divisions as Evo Morales plans to challenge Arce,…
Bolivia on the Brink: President Arce Warns of Possible Coup Amid Unusual Military Movements Bolivia is currently facing a precarious situation as both President Luis Arce and former President Evo Morales raise alarm over concerning military activities that hint at a potential coup. President Arce has publicly criticized the mobilization of Bolivian army units and the presence of armed tanks, emphasizing the gravity of the situation. Echoing these sentiments, Morales has pointed fingers at General Juan José Zúñiga, suggesting a coup in the making. In response to these threats, Morales has called for a national mobilization to protect democracy, urging…
In a shocking turn of events, former Honduran President Juan Orlando Hernández, aged 55, has been sentenced to 45 years in prison by a New York court for his involvement in drug trafficking. Additionally, he has been fined eight million dollars for facilitating the shipment of over 400 tons of cocaine to the U.S. over a ten-year period. Hernández, who served as president from 2014 to 2022, was found guilty after a two-week trial in March. Despite his claims of innocence, evidence presented in court depicted him as deeply involved in protecting drug traffickers in exchange for substantial payments. The…