The Americas Quarterly Podcast

Since Javier Milei took office in December, life has become even more difficult in Argentina. Real salaries have fallen by more than 20% since December. Inflation has lowered, but is still running high, above 270% on an annual basis. Yet Milei’s approval rating is still around 50%. In today's episode we discuss with pollster and political strategist Ana Iparraguirre why that is. We also talk about the state of his pro-market agenda, what he is likely to achieve in the near future and what to make of his search for prominence in the global stage. Iparraguirre is a partner at GBAO, a Washington-based political strategy consultancy.

Brazil's economy performed better than expected last year, expanding almost 3%. But in 2024 the outlook is more complex, as last year's sources of growth are not expected to perform in the same way. There is also a tug of war inside the Lula administration about public spending and government oversight in national oil company Petrobras. In this episode we assess Latin America's largest economy from an investment perspective and look at the politics behind recent government decisions and what is to come. Our guest is Mário Braga, a senior analyst for Brazil at Control Risks consultancy firm.

The Venezuelan dictatorship is preparing to hold an election on July 28th. Despite signs that the race will not be free or fair, the opposition is willing to participate. In this episode, we dive into the motives and tactics on both sides. What is Maduro looking for, and is there a real chance he could lose? What is going on behind the curtains with the opposition – why are they willing to participate, how divided is this, and who are the members likely to support? Our guest is Jose Vicente Carrasquero, a mathematician and political scientist who teaches at Miami Dade College.

Organized crime has in recent years begun to affect formerly calm countries like Chile and Ecuador, while remaining strong in places such as Mexico and Brazil. In this episode, an analysis of recent crime trends in the region. We’ll also assess how governments have been responding – some choose to disengage altogether, while others toughen their approach. Our guest is Jeremy McDermott, one of the founders of InSight Crime, a think tank and publication that produces in-depth reports and analysis on international crime in Latin America.

Less than three months away from Mexico's elections, many analysts see it as a given that Claudia Sheinbaum, the frontrunner, is likely to win. Sheinbaum’s biggest asset is the endorsement of the current president, Andrés Manuel Lopez Obrador, known as AMLO, who seems to be transferring his popularity to her candidacy. But there are still a lot of questions about this race and about the candidates. Is there any chance that the opposition candidate Xochitl Gálvez could still pull this off? What defines these two candidates? How might Claudia Sheinbaum be different from López Obrador once she’s elected, in style, and in areas such as energy and security? How is Mexico’s next president likely to interact with the United States, especially given Donald Trump’s past and current rhetoric about Mexico? In this episode, political commentator Carlos Bravo Regidor takes the temperature of the political climate in Mexico. 

The goal of building ties between global south countries has driven foreign policy in Latin America and elsewhere in recent years. In this episode we dive into what that has amounted to. What have been the most successful examples of cooperation between Latin America and other global south countries? Which presidents have prioritized this, and what's their motivation? What are the challenges or barriers hindering effective cooperation between Latin America and other global south countries? And what does this agenda mean for countries of the global north? Our guest is Andrea Ordóñez, Senior Research Fellow at Southern Voice.

Political instability persists in Peru. This week, Prime Minister Alberto Otarola resigned and Congress is expected to decide if it will remove the members of the Junta Nacional de Justicia, a body that helps select the composition of the judiciary. This is just the latest in a crisis that has been running for years – Peru famously has had six presidents in seven years. Some Peruvians say their democracy is under threat. What’s the best framework to think about the kind of democratic backsliding we are witnessing there? What are the forces driving this? And what are the real risks of such instability’s for Peru’s economy? This week we take a broad look at these trends with Will Freeman, a fellow for Latin America studies at the Council on Foreign Relations.

Since he took office in January 2023 Brazil’s President Luiz Inácio Lula da Silva has been extremely active on the global stage, traveling frequently and offering himself as a mediator on big issues like the wars in Ukraine and the Middle East, as well as the territorial dispute between Venezuela and Guyana. At times he has stirred controversy, as was the case with recent remarks on the war in Gaza. On today’s podcast, an analysis of Brazil’s foreign policy as the country prepares to host the G20 summit later this year. What are the country's goals, to what extent has it achieved them and what can we expect moving forward? Our guest is Fernanda Magnotta, a Senior Fellow at the Brazilian Center for International Relations and a professor and coordinator of the International Relations Program at Fundação Armando Alvares Penteado in São Paulo.

LGBTQ+ rights have been a political battleground between social conservatives and progressives throughout Latin America. While some countries set the standards for greater freedoms at the beginning of the century, a backlash has recently been gaining ground in some portions of the Western Hemisphere. No doubt, the situation is complex. Today, in our podcast, we will give an overview of LGBTQ+ issues in the region, how they intersect with politics, and where they’re headed in years to come.

Javier Milei came into office in Argentina promising radical changes. Once there, Milei moved quickly and aggressively – through decrees and an “omnibus” bill sent to Congress he pushed changes to more than 300 laws. While the decrees are still valid, the omnibus bill failed to get approved. On today’s podcast we’ll try to take stock of where Argentina stands now. What is the future of Milei's proposed reforms? What is the status of his political support after a little more than 2 months in office? How is the opposition organizing? And where have these past couple of months left the Argentine economy? Our guest is political risk analyst Juan Cruz Díaz.

Donald Trump is the presumptive Republican nominee, and polls show him with a chance of winning the election in November. With that in mind, in this episode we try to gauge what Trump 2.0 would entail for U.S. policy toward Latin America. Our guest is the former U.S. ambassador to the OAS (Organization of American States) under Trump, Carlos Trujillo. Trujillo continues to speak to the former president and is seen in Washington as an insightful voice on what might happen in Latin America should Trump be elected to another term.

Ecuador has become a critical front in the battle against criminal groups in Latin America. The country's 36-year-old president, Daniel Noboa, has tried to exert authority by arresting thousands of people, pushing for a 'war tax' and calling for a referendum on security matters. Can he succeed? And how is the political landscape likely to evolve in the coming months? Our guest today is Maria Teresa Escobar, a journalist based in Quito. Currently a freelancer, she is one of the founders of the Ecuadorean news website Primicias.

Eight years ago, a consortium led by ExxonMobil discovered offshore oil in Guyana now believed to total at least 11 billion barrels. As a result, Guyana now has more oil reserves per capita than any other country in the world — almost three times as much as Saudi Arabia. This colossal find has led to difficult questions about whether the country can avoid the so-called resource curse – and the effects on climate change. On today’s podcast, an overview of Guyana's economy and how it is handling the challenges of abundance. Our guest is Jay Mandle, professor emeritus of economics at Colgate University and a member of the University of Guyana Green Institute Advisory Board.

The images coming out of Ecuador in the past week were just the latest reminder of the extraordinary power of drug cartels in Latin America. Despite efforts by many governments, the production of cocaine in the region continues to soar, and criminal groups have diversified their practices. In this episode, a look at how leaders around Latin America are responding to this crisis. We’ll discuss whether legalization of some drugs might be politically viable and how drug violence is likely to impact politics in years to come. Our guest is Lucía Dammert, a researcher in the fields of security, criminal organizations and criminal justice reform. Dammert was a presidential adviser to Chile's Gabriel Boric and has also advised governments in Argentina, México and Perú. She's currently a Professor at the Universidad de Santiago de Chile.

In 2023 Latin America’s economies performed better than analysts expected. 2024 also promises growth, although the picture will vary a lot by country. On today’s podcast, we’ll look at which may perform better, which will do worse, what factors could determine success or failure and what may be the impact of elections, which are set to take place in six Latin American nations this year. Our guest is Ariane Ortiz-Bollin, Vice President – Senior Credit Officer for Latin America Credit Strategy and Research, at Moody’s Investors Service.

When Luiz Inácio Lula da Silva took office in January 2023, the challenges ahead of him loomed large. A year on, the economy has grown more than expected, at 3%, and his administration has passed a historic tax reform. Nevertheless, the executive's relationship with Brazil's conservative, transactional congress remains a reason for concern. In this episode, one of Brazil's best-sourced political journalists discusses the ups and downs of Lula's first year, the strength of Brazil's conservative movement and  former President Jair Bolsonaro, and the main challenges expected for 2024.

Post-electoral tensions in Guatemala and the territorial spat between Guyana and Venezuela have the Western Hemisphere on alert. We speak to someone uniquely positioned to provide insight into these crises and reflect on how the international community is reacting. Frank Mora is the U.S. ambassador to the Organization of American States (OAS), the Washington-based institution that brings together countries in the Americas. Before assuming his current position, Mora was a Pentagon official in the Barack Obama administration.

One year on from the political crisis that engulfed Peru in December 2022, with protests almost daily on the streets of Lima, the country is still facing a staggering number of risks in both politics and the economy. 12 months after then-President Pedro Castillo tried to illegally dissolve Congress and was removed from office, his replacement, Dina Boluarte, is now facing potential charges related to her government’s heavy-handed repression of protests. On the economic front, most  analysts say Peru is in recession. In this episode, we try to understand what is happening and explore if things will improve soon. Our guest is Luis Miguel Castilla, a political consultant, a former finance minister between 2011 and 2014, and a former ambassador to the United States.

Since being elected on November 19, Javier Milei has changed the tone of some of the more radical policy proposals he campaigned on. He has backtracked on his aggressive rhetoric toward some of Argentina’s largest trading partners, such as Brazil. He has suggested that dollarization may occur not soon. And he had a cordial conversation with Pope Francis, whom he had described as the devil's man on earth. What does this about-face mean? Is a more pragmatic Milei emerging? And if that is the case, what are the circumstances he will face once in office -- what are his key tests ahead? In this episode, a conversation with Eduardo Levy Yeyati, a professor at the School of Government at Torcuato di Tella University in Buenos Aires, on near-term political scenarios as well as a big-picture view of Argentina's structural challenges.

This past week, we started to get a sense of what Mexico's June 2024 general elections will look like. Samuel García, the young governor of Nuevo León, Mexico's industrial powerhouse, announced he will run, while former Foreign Minister Marcelo Ebrard, who was seen as a possible aspirant, said he will not. Although García’s candidacy is seen as a long shot, how might it affect the campaigns of the current favorite, Claudia Sheinbaum, from the governing Morena coalition, and Xóchitl Gálvez, the candidate from the opposition Frente Amplio por México? What does this electoral cycle reveal about the current state of Mexican politics? And what are the factors that could shape the race going forward? Political consultant Carlos Ramírez joins us to explore these and other questions.