The announcement this week by the Chilean department store chain Falabella that it intends to withdraw from Argentina highlights a series of issues that foreign companies face in the local market.… Read the rest
Author: Nicholas Watson
Nicholas Watson leads Teneo’s political risk coverage for Spanish-speaking Latin America.
He has over 15 years’ experience creating and leading analytic teams dedicated to providing exceptional, actionable political intelligence, bespoke consulting and advisory work for a wide range of corporate, financial and governmental clients.… Read the rest
- The “yes” campaign remains on track for victory in next month’s referendum on a new constitution.
- Political maneuvering on the Right points to how established political fault lines are in flux.
The official campaign period for the 25 October constitutional referendum gets underway from today, 26 August. The referendum, which was postponed from April due to the Covid-19 pandemic, is the result of a hastily-reached cross-party agreement last November amid the most serious outbreak of public unrest since the return to democracy in 1990.… Read the rest
President Sebastian Pinera reshuffled his cabinet yesterday, 28 July. The widely expected reshuffle follows a heavy defeat for the government in recent votes to allow people to withdraw up to 10% of their savings from the private pension (AFP) system to support themselves through the economic crisis triggered by the Covid-19 pandemic.… Read the rest
- The government has suffered a heavy defeat by failing to block an opposition-led initiative that would allow people to dip into their retirement savings.
- While immediate-term governability can be restored by a likely cabinet reshuffle, President Sebastian Pinera is left permanently weakened, while the governing coalition is increasingly divided.
President Andres Manuel Lopez Obrador (AMLO) returns to Mexico today, 9 July, following his meeting yesterday with US President Donald Trump in Washington DC. AMLO, who made the trip ostensibly to mark the new United States-Mexico-Canada trade agreement (USMCA, or T-MEC as it is known in Mexico) that came into effect on 1 July, was effusive in his praise for Trump.… Read the rest
The explicitly more radical, confrontational stance adopted by President Andres Manuel Lopez Obrador (AMLO) in recent days provides the clearest indications yet of his roadmap for the 2021 mid-term legislative and state elections: to ratchet up confrontation with opponents and polarize the electorate.… Read the rest
- The government is struggling under the weight of multiple crises.
- President Alberto Fernandez’s political weakness and his VP’s own agenda and power base will continue to complicate governability.
- Policy incoherence is set to continue amid the economic crisis and signs of increasing social restlessness.