Tag: Latin America

World News

Brazil’s historic G-20 tax proposal could mark a turning point for the global taxation scenario

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As the globe struggles with worldwide issues, such as climate change, growing inequality and the need to finance the energy transition, new taxation schemes are discussed. Brazil’s G20 proposal seeks to transform the global tax framework into a more progressive one. This November, global leaders will have a chance to expand upon these ideas and to deliver on a propositive and determined tax vision for the future.

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Galípolo’s appointment and the political stakes of Central Bank autonomy in Brazil

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Amid growing debates about Brazil’s economic policy, President Luiz Inácio Lula da Silva has indicated to his allies that he does not intend to make public demands on economist Gabriel Galípolo, his nominee to take over as president of the Central Bank from January 2025. This position shows a change in the relationship between Lula and the Central Bank. It is worth remembering that this is Lula’s first appointment after the institution gained operational autonomy in 2021. Galípolo’s appointment and tacit support for stricter interest rate policies raise questions about why Lula, historically critical of the Central Bank’s autonomy, is now adopting a more open and moderate stance.

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Democracy in Decline:Cause of Peru’s High Emigration Rate

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The erosion of democracy in Peru has reached critical levels, propelled by controversial legislative measures and governance marked by unprecedented unpopularity. The recent amendments to the constitution, including the reinstatement of a bicameral Congress against overwhelming public rejection, underscore a widening disconnect between elected officials and the electorate. Moreover, the repeal of crucial measures aimed at combating illegal mining highlights a dangerous trend favoring organized crime over environmental and public safety concerns. As thousands of Peruvians seek refuge abroad amid economic downturns and rising insecurity, the urgency for profound political and constitutional reforms cannot be overstated. The international community must play a pivotal role in supporting free and fair elections, ensuring the independence of electoral and judicial institutions, and fostering inclusive dialogue among diverse social sectors. Only through concerted efforts can Peru regain its democratic footing and prevent further turmoil that threatens to destabilize the nation.

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(Analysis) The Aftermath of Bolivia’s Failed Coup Attempt – Was It a Coup or Something Else?

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In June 2024, Bolivia faced a dramatic yet unsuccessful coup attempt led by General Juan José Zúñiga, exposing deep fractures within the nation’s political landscape. This event highlighted the ongoing rivalry between President Luis Arce and former President Evo Morales, intensifying internal divisions within the ruling Movimiento al Socialismo (MAS) party. As Bolivia approaches the critical 2025 elections, the country grapples with severe economic challenges, including high inflation, a shortage of US dollars, and declining natural gas production. These economic hardships, coupled with political instability, raise critical questions about Bolivia’s future. Will MAS reconcile its internal differences to present a unified front, or will internal conflicts pave the way for the right-wing opposition to regain power? The ability of Bolivia’s leadership to address these challenges will be crucial in determining the nation’s trajectory towards stability and prosperity.

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(Analysis) Colombia’s Diplomatic Breakup with Israel: Analyzing the Fallout and Latin America’s Stance on the Gaza Conflict

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Colombia’s recent decision to sever diplomatic ties with Israel under President Gustavo Petro marks a profound shift in its foreign policy stance on the Israel-Palestine conflict. This decision, driven by criticism of Israel’s military actions in Gaza, has led to Israel suspending security exports to Colombia. The move underscores Colombia’s evolving diplomatic landscape and its impact on longstanding military and economic cooperation with Israel.

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What lies ahead for the EU-Mercosur agreement?

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After losing its window of opportunity to close the deal in December 2023 and with EU farmers’ protests taking over Europe, the EU-Mercosur agreement is suffering a new major setback. The slow integration process within Mercosur and the increasing rivalries and criticism within it are also influencing the outcome at the negotiating table. How does the deal’s future look like?

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Venezuelan Elections Amidst U.S. Sanctions: Balancing Democracy and Diplomacy

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As tensions rise between the United States and Venezuela ahead of their upcoming presidential elections, the delicate balance of democracy and diplomacy comes into focus. The US had eased sanctions to encourage dialogue, but recent events have sparked renewed friction, leading to the reimposition of sanctions. Venezuela is grappling with economic challenges and diplomatic strains, especially with recent bans on opposition candidates. As both countries navigate these issues, the future of US-Venezuela relations is uncertain, with potential impacts beyond their borders.

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Is Ecuador Experiencing the Birth of a New ‘Plan Colombia’ Amidst Heightened Security Concerns?

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In January, Ecuador experienced a surge of violence, prompting swift responses from both local and international actors. The United States pledged substantial aid to bolster Ecuador’s security infrastructure, marking a significant collaboration. However, this cooperation differs from the historic Plan Colombia due to distinct challenges Ecuador faces, including its role as a transit corridor for drug trafficking.

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THE JANUARY 2024 ERUPTION: DRUG GANGS VS. ARMED FORCES IN ECUADOR

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Daniel Noboa, Ecuador’s new president, is facing severe challenges with drug-related violence escalating. Gang wars have intensified following gangster ‘Fito’s’ escape, resulting in numerous attacks, including a notably violent incident at TC Television. Noboa declared a state of emergency, involved the military, and won unprecedented parliamentary support despite lacking a majority. With Ecuador becoming an international drug hub, his militarized strategy and international cooperation are crucial to his presidency’s success.

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Essequibo Escalation: From Historical Dispute to Modern-day Tensions and the Specter of Military Action

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The Venezuela-Guyana Essequibo dispute reignited in 2015 with ExxonMobil’s oil discovery, escalating under Maduro’s sovereignty claims. Recent actions include a contentious referendum and military exercises. Historical efforts temporarily eased tensions, but post-2015 incidents strained relations. Analysts view a Venezuelan military move as improbable, given global opposition, economic challenges, and unfavorable court rulings. Tensions persist, but military actions seem driven more by domestic considerations than a genuine threat.