Mass protests broke out in Suriname last month after President Chan Santokhi decided to comply with the conditions of the government’s International Monetary Fund loan agreement—including a phasing out of state subsidies and the introduction of a new tax. The timing of the government’s austerity measures couldn’t have been worse.
The “pink tide” that swept across Latin America in the early 2000s is making a comeback, after having been overtaken by a wave of conservative governments. Major advances in the region are also in danger, and Russia and China are deepening trade ties across the region. What’s next for South America?