The coronavirus pandemic will likely push Latin America into its worst-ever recession, with the region’s economy expected to shrink by more than 9 percent in 2020, according to the International Monetary Fund. But in a part of the world with few economic bright spots, Chile is forecast to perform relatively well, with a 7.5 percent contraction this year and growth of 5 percent in 2021, which would be one of Latin America’s more vigorous economic recoveries. At first glance, this is surprising, as Chile is among the most open economies in the region and is sensitive to volatility in commodity […]
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President Donald Trump’s national security adviser, Robert O’Brien, traveled to Bogota this week, ostensibly to announce up to $5 billion in financing under the White House’s new United States-Colombia Growth Initiative. The money had been pledged months ago by the U.S. Development Finance Corporation, and it is contingent on investment-worthy projects, in any case. But the timing of the visit was hardly a coincidence. One of the officials traveling with O’Brien was Mauricio Claver-Carone, the White House’s point man on Latin America, who is making an audacious bid to lead the Inter-American Development Bank, or IDB. In remarks following his […]
The news came unexpectedly last week, sending shockwaves across the country. Colombia’s powerful former president, Alvaro Uribe, was ordered by its Supreme Court to be put under house arrest. Colombians were in disbelief. It’s impossible to overstate the magnitude of Uribe’s role in the country’s politics over the past two decades. To some, he is a hero who saved the nation; to others, a murderous villain who trampled human rights. But everyone agrees, Uribe was and still is an outsized political force in Colombia. He seemed untouchable. Now, his detention creates two major tests for Colombia and its institutions. First, […]
Around the world, the COVID-19 pandemic is testing and revealing the limits of state authority. Simultaneously elevated and enfeebled, the nation-state has been the principal organizing unit behind the global crisis response. But often, it has lacked the legitimacy and authority it needs to manage the pandemic in the territories it purports to govern. In disputed territories and conflict zones, on remote isles in archipelagos, in favelas and urban settlements, citizens may look to the state for protection. But there at the margins, where the world’s most vulnerable populations often live, communities are instead enduring the pandemic without help from, […]