The Americas Quarterly Podcast

AQ Podcast Will Return on May 23

What Biden 2.0 Would Mean for Latin America Policy

In an attempt to gauge what another Joe Biden or Donald Trump administration would mean for policy toward Latin America, the AQ Podcast is bringing in people with intimate knowledge of both camps. In this episode, Ricardo Zúniga, a major figure on Latin America policy under the Barack Obama and Biden administrations, reviews the major events on the past fours years and looks ahead to what could change if Biden is reelected in November. He discusses overarching policy strategies towards the regio...

Why Argentines Seem to Be Sticking With Milei

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 mak...

Warning Lights for Brazil’s Economy?

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 ...

Venezuela: Maduro's and the Opposition’s Strategies

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 Carr...

The Shifting Sands of Organized Crime in Latin America

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 ...

Mexico: Claudia Sheinbaum's Election to Lose?

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 d...

South-South Ties: Hype And Reality

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 w...

An X-Ray of Peru’s Tinderbox

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...

Brazil’s Big Year on the Global Stage

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 G2...

Today’s LGBTQ+ Politics in Latin America

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....

Argentina: Javier Milei Runs into Resistance

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 offi...

What Trump Would Mean for Latin America Policy

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 ...

Ecuador’s Crossroads: Can Noboa Succeed?

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 Ec...

Guyana, Oil and the Resource Curse

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 t...

How to Think About Latin America's Security Crisis

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...

LatAm’s Economies in 2024: What to Expect

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...

Lula 3 One Year On

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 m...

Guatemala, Guyana and Other Crises: A View From the OAS

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...

Peru’s Perpetual Crisis

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 P...

Javier Milei's Challenges

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,...

Mexico's Elections Begin to Take Shape

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 c...

Chile: Gabriel Boric's Conundrum

Chile’s new constitutional proposal is ready and will be put to a plebiscite on Dec. 17. The document was received earlier week by President Gabriel Boric after a mostly right-wing Constitutional Council drafted the text. This episode does a political overview of the country. We discuss what this new constitution would change, if approved, and look more broadly at the status of the left and the right, at Gabriel Boric’s political future and the state of the economy. Our guest in Claudia Heiss, H...

Brazil: The Big Picture

After a decade of negative or meager economic expansion, Brazil's GDP is expected to increase by 3.2% in 2023. Significant reforms, such as tax reform, are being discussed, and a modern, green economy could take hold. How successfully is the Lula government handling the economic challenges, and which areas will benefit the most? In this episode, Arminio Fraga, one of Brazil's top policy minds, analyzes the structural dysfunctions at the root of Brazil's economy and suggests ways forward. Fraga, ...

Massa vs. Milei: Who Is the Favorite in Argentina?

Amid Argentina's worst economic crisis in more than 20 years, the self-described anarcho-capitalist Javier Milei will now face Economy Minister Sergio Massa in a December 19 runoff to become Argentina’s next president. Both are fighting to attract voters from other candidates’ camps. Can Milei win over moderate voters? Can the governing coalition put Massa over the top with inflation nearing 140%? In this episode, Brian Winter and Ana Iparraguirre explore what’s ahead for Massa and Milei, who mi...

The White House’s Juan Gonzalez on the Venezuela-U.S. Deal

In this special edition of the Americas Quarterly Podcast, an interview with Juan S. Gonzalez, the White House's top Latin America official, about the potentially transformative deal announced this week between the U.S. and Venezuela. The U.S. is partially lifting economic sanctions that have been in place for several years on Nicolás Maduro's regime. In return, Maduro has committed to holding free and fair elections in the second half of 2024. What happens if the Maduro government doesn’t hold ...

Is Latin America’s Lost Decade Ending?

After a “lost decade” that saw economies stagnate across Latin America and the Caribbean, a new optimism appears to take hold in some areas. 2023 will be the third consecutive year the IMF and other multilateral institutions have raised their growth forecasts for the region after they proved too pessimistic. Foreign direct investment soared 55% last year to $224 billion, its highest value on record. But the region’s growth rate remains below its potential, trailing other emerging markets in Afri...

Making Sense of Venezuela's Elections

Venezuela is reaching a critical moment as the country's opposition prepares to choose its candidate in primaries on October 22. The winner will run against Nicolás Maduro in a general election next year. On this week's episode, AQ 'S Brian Winter speaks to Ana Vanessa Herrero, The Washington Post correspondent in Caracas, about what the opposition and Maduro's endgame could be and how talks with the U.S. on conditions for free and fair elections are playing out as Venezuelans endure an uncertai...

Bolivia: The Return of Evo Morales?

Bolivia’s former president Evo Morales has announced he will run again in 2025, likely competing with the current head of the executive, Luis Arce, whom Morales helped elect. The decision is splitting their party. In this episode, we take a big-picture look at the Andean country, how its economy and politics have changed since Morales was forced out of office in 2019, how he has changed and what political consequences his return could bring. We also discuss what to expect from Bolivia's efforts ...

Who's Who in Ecuador's Election

Ecuador is facing many of the same issues we see across Latin America today. Long one of the region’s most peaceful countries, it has recently seen a daunting increase in violence, as international drug cartels use the country as a transit point. It is also immersed in a debate about how and whether to exploit its oil and minerals, during an era of rapid climate change. Politics have been unstable this year. In October there will be a runoff for a new president to serve out the rest of Guillermo...