Last month, 41-year old Iván Duque was elected as Colombia’s youngest president ever with the largest vote in the country’s history.
Turnout, at 53 percent, was the highest since 1998. The elections came on the heels of an historic peace deal with the far-left Revolutionary Armed Forces of Colombia (FARC), ending half a century of conflict. Read more
The appointment of a new president in Cuba, Miguel Díaz-Canel, sixty years after the island’s socialist revolution, feels like a turning point.
Once anointed by the 605-strong National Assembly as Cuba’s first non-Castro president in decades, Díaz-Canel vowed to modernize the economy and make government more responsive to its people.
What does the change mean in practice?
Not having a Castro, neither Fidel (1976-08) nor Raúl (2008-18), as leader carries with it great symbolism for sure. For the first time in many years, the powerful roles of president and head of the Communist Party are no longer combined. (Raúl remains party leader for three years.) But the Castro years weren’t quite as monolithic as they are sometimes portrayed and the next few years are unlikely to see a turnaround. Read more
Dutch Caribbean Caught Up in ConocoPhillips-Venezuela Oil Dispute
The Dutch Caribbean have been caught up in a legal dispute between the American oil company ConocoPhillips and the government of Venezuela.
A judge has allowed Conoco to seize Venezuelan-owned and -operated refineries on the islands in order to collect $2 billion in compensation awarded by the International Chamber of Commerce for the 2007 nationalization of Conoco assets in the socialist-run country.
The seizure poses a “potential crisis” to the economy of Curaçao, Prime Minister Eugene Rhuggenaath has told Reuters. The Isla refinery, which processes 335,000 barrels of oil per day, accounts for a tenth of the island’s economy. Read more
What You Need to Know About the Election in Mexico
Mexico’s general election on July 1 will involve roughly 3,400 new elected officials taking office and $2 billion in campaign finance. It has been dubbed the biggest election in Mexican history.
It is important not only in terms of scale, but in terms of its new rules. For the first time, the ban on reelection does not apply and independent candidates can run.
This heightened capacity for change coincides with an electorate moving from apathy toward anger. Last year, only 18 percent of Mexicans told pollsters they were satisfied with their democracy, down from 41 percent in 2016. Institutional confidence is at a nadir.
Concerns about violence and insecurity related to drug cartels and organized crime are now coupled with deep frustrations about corruption and impunity as well as lopsided relations with the United States. Read more
No Shock Therapy: Macri Takes Gradual Approach to Reform
Argentina’s Mauricio Macri and his coalition have reasserted their position as the party of government following last month’s midterm elections. The first conservative to win the presidency since democracy was restored in 1983, his supporters won majorities in thirteen out of 23 provinces. They have also taken charge of five of the most populous districts in the capital Buenos Aires.
Yet Macri’s party, Cambiemos (Let’s Change), still doesn’t have a majority in Congress, which helps explain his step-by-step approach to reforming the economy. Read more