August 16, 2018Corruption
Widespread corruption in Latin America’s judicial systems--such as Supreme Court justices engaging in bribery in Colombia and Peru, lawyers rigging judge appointments in Guatemala, and the attorney general firing an investigator for looking into corruption in Mexico--- requires more than laws to fix. It means building a professional civil service. While a daunting task, Chile and Brazil can point the way.
July 9, 2018Mexico
Central American migration may prove the new administration’s biggest first challenge. Since 2014, hundreds of thousands of Central American men, women, and children, mostly from Guatemala, Honduras, and El Salvador, have fled their homes. Driven by violence, extortion, poverty, and a drought that has decimated subsistence farming, and pulled by family connections and the hope of safe haven, they mostly head north.
July 2, 2018Mexico
Yesterday, Andrés Manuel López Obrador, best known by his initials, AMLO, won Mexico’s presidential election decisively. After 18 years on the campaign trail, including two previous failed presidential runs, thousands of rallies, and, by his count, a visit to every one of Mexico’s 2,400 municipalities, the Tabasco-born politician received the support of 53 percent of voters at the polls, according to an offical rapid count by electoral authorities. Meanwhile, the National Regeneration Movement (MORENA), López Obrador’s four-year-old political party, gained a majority in congress, and a majority of the nine governorships up for grabs.
June 14, 2018Argentina
Markets welcomed the International Monetary Fund’s (IMF) $50 billion rescue stabilization package last week, which seems to be stabilizing the peso. But the financial umbrella will be costly. Rightly or wrongly, Argentines blame the IMF for precipitating their country's worst economic crisis. In the eyes of many voters, the mere association will damage President Mauricio Macri’s standing.