The Americas Quarterly Podcast

Nearly a year after slapping Brazil with a 50% tariff in what looked like a bid to help the Bolsonaro family, the U.S.-Brazil relationship has had several ups and downs: Trump dropped most of the tariffs and, about a month ago, he welcomed President Lula to the White House for what looked like a friendly visit. But now, it looks like ties between the hemisphere's two biggest democracies are on the rocks once again. Within days of a visit by Flávio Bolsonaro to the State Department, the Trump administration designated two Brazilian criminal organizations as foreign terrorist groups and recommended new tariffs on Brazilian goods. Today on the podcast, we try to make sense of it all: What Washington is actually trying to accomplish in Brazil, whether these measures risk backfiring as they did last year, and what the October election looks like from inside the campaign. Our guest is Chris Garman, Managing Director for the Americas at Eurasia Group.

Ever since Donald Trump took office, Mexico's President Claudia Sheinbaum has tried to strike a careful balance: Working with Washington on security matters while maintaining sovereignty and domestic support. She sent 10,000 troops to the northern border, largely abandoned her predecessor's "hugs not bullets" strategy, and held one of the highest approval ratings in the region. But lately, that balance has become more challenging. In late April, the U.S. Justice Department indicted a sitting Morena governor on drug trafficking charges and media reports have pointed to a CIA presence in Mexican territory. This comes just as Sheinbaum's government prepares for one of its toughest negotiations yet: The USMCA review, expected to begin in July. Today on the podcast: an overview of US-Mexico ties and what they mean for security, economic activity, and trade in both countries. Our guest is Brenda Estefan, professor of geopolitics at IPADE Business School in Mexico City and columnist at Reforma.

Colombia goes to the polls on May 31 amid some of the worst violence the country has seen in two decades. FARC dissidents have carried out dozens of attacks in recent weeks, prompting an appeal for peace from Pope Leo XIV. In a way, the campaign has been shadowed since last year by the assassination of senator Miguel Uribe Turbay. And yet, paradoxically, President Gustavo Petro's approval rating has risen 10 points this year. Now three candidates are vying to succeed him: Iván Cepeda, Petro's preferred successor on the left; Paloma Valencia, a conservative senator from Álvaro Uribe's party; and Abelardo de la Espriella, a right-wing outsider who echoes both Javier Milei and Nayib Bukele. Today on the podcast, we want to understand the outlook for Colombia. Who is most likely to make it to the second round? And what would each of the three candidates mean for the country? Our guest is Sergio Guzmán, director of Colombia Risk Analysis, speaking from Bogotá.

As recently as the 1960s, the average woman in Latin America had six children. Today that number is 1.8. In Chile, it has fallen to 1.1, lower than Japan. Combined with rising life expectancy, the result is a region aging faster than any other in the world. If current trends hold, national populations could decline by a third in Chile and Uruguay, a quarter in Brazil, and a fifth in Argentina by 2100. The consequences are already visible: pension crises and census counts that have come in millions lower than governments expected. Today on the podcast, we dive deeper into AQ's latest cover story to understand what this demographic transformation means for Latin America's economies and politics specifically. Is there a silver lining? And can the region adapt? Our guests are Laurence Blair, author of AQ's cover story on The Gray Tide, and Ernesto Revilla, Chief Economist for Latin America at Citigroup.

For years, Peru has defied gravity. The country has had eight presidents in ten years—a virtual power vacuum at the top of government—and yet the economy kept growing, the currency held strong, and the mining sector kept producing. That decoupling of politics and economics has kept Peru relatively stable and has prompted many in the private sector to argue that politics doesn’t really matter. But a first-round election marred by widespread logistical failures, fraud allegations, and a razor-thin race for second place—between leftist Roberto Sánchez, a former minister of the now-imprisoned Pedro Castillo, and right-wing populist Rafael López Aliaga—is now putting that resilience to its most serious test yet. Our guest is Luis Miguel Castilla, currently a Senior Visiting Fellow at the London School of Economics and former Minister of Economy and Finance of Peru.

Until recently, things seemed to be going well for Argentina's President Javier Milei. In October, his party won the midterm elections in a contest many polls predicted would swing the other way. Since then, he passed an important labor reform, poverty fell to its lowest level since 2018, and the economy is expected to grow around 4 percent this year. Yet suddenly, a few warning signs began to flash. One poll showed a substantial drop in Milei's popularity. Another, by Poliarquía, recorded the sharpest single month drop in public optimism of his presidency to date. Today on the podcast: What's affecting Milei's numbers? What does the broader political landscape look like? And what does that mean for public sentiment around the Argentine economy? Our guest is Alejandro Catterberg, president and co-founder of Poliarquía Consultores.

Nearly three months after the fall of Nicolás Maduro, Delcy Rodríguez is still standing as interim president of Venezuela. The broad feeling, at least for now, is that Rodríguez and the chavista regime are not going anywhere. Since she took office on January 5th, Rodríguez has signed an amnesty law, reformed the hydrocarbon law, and restored diplomatic relations with the U.S. for the first time since 2019. Yet she has done this while keeping most of the chavista regime entrenched in power. Diosdado Cabello remains her Interior Minister, her brother, Jorge Rodríguez, runs the National Assembly, and the new Defense Minister is the former head of Venezuela's feared intelligence service, accused of overseeing torture and human rights abuses. What do her actions ultimately mean for the future of Venezuela? Our guest is Juan Forero, Bureau Chief for South America at the Wall Street Journal.

After seven years covering Latin America for the Financial Times, and a previous post in the 1990s, Michael Stott is leaving the region as an optimist. His argument: that Latin America's strengths have been systematically underappreciated, and that in an increasingly dangerous and unstable world, what the region has going for it is about to matter more than it has in the past. In this episode, we take stock of the unique moment across the hemisphere: the tightening race between Luiz Inácio Lula da Silva and Flavio Bolsonaro ahead of Brazil's October election, the fragmented right in Colombia and the outlook for their presidential election in May, the uncertain futures of Cuba and Venezuela, and how this White House is likely to continue influencing events in years to come. Our guest is Michael Stott, now the South Asia bureau chief for the Financial Times.

For 67 years, many people have been waiting for change in Cuba — and for 67 years, the communist regime has endured. It survived the fall of the Soviet Union, the death of Fidel Castro, economic sanctions, and political pressure from 13 different U.S. presidents. But the Trump Administration, fresh off its military operation in Venezuela, is now applying unprecedented economic pressure on the island, effectively cutting off its oil supply, and pushing basic services to the point of collapse. This follows years of a deepening crisis that has driven as much as a fifth of Cuba’s population to leave since 2020. Is this the moment when change might finally come to Cuba? Our guest is Patrick Oppmann, Havana bureau chief for CNN.

When Rodrigo Paz was inaugurated in early November 2025, he vowed to implement “capitalism for all.” He inherited an economy in rough shape after 20 years of rule by the MAS party: Inflation was above 20%, foreign currency reserves were nearly exhausted, and fuel lines stretched for blocks. In many ways, Bolivia was also isolated in its relationships abroad, aligned more with Russia and Venezuela than with its South American neighbors or the United States. Now, almost 100 days into his new government, President Paz has had mixed success in pushing through early changes. So, what's next for Bolivia? And in a country with a long history of instability, what are the odds of Paz maintaining power and successfully getting his agenda passed?Our guest is Gabriela Keseberg Dávalos, a Bolivian strategic policy adviser. Gabriela has previously served as Senior Foreign Policy Adviser to the Vice-President of the European Parliament for Human Rights and Democracy, and as Director of Global Public Affairs for a network of think tanks.

Latin America has been at the center of the world’s attention in 2026—and not only because of Venezuela. This week, we take a step back to understand the current moment and its implications for the region’s long-term outlook, from the U.S. military operation in Venezuela, to the future of USMCA, and upcoming elections in Peru, Colombia, and Brazil. What do recent events mean for Latin America’s political and economic future?Our guest is Michael Reid, journalist, author and former Latin America editor for The Economist.

The fate of Venezuela hinges on the country’s once-proud energy sector. Since Maduro’s capture two weeks ago, questions about how the industry could be recovered have become critically important: What’s the real state of the Venezuelan oil industry today? Under what conditions might U.S. companies be able to deliver on the $100 billion in investment that President Trump says is needed? Can the interim government of Delcy Rodríguez deliver those conditions? Today on the podcast, we take a realistic look at what political and economic steps are necessary for the Venezuelan oil industry to begin its long recovery. Our guest is Luis Pacheco, a nonresident fellow at Rice University's Baker Institute for Public Policy and former president of the ad hoc PDVSA board.

The capture of Nicolás Maduro in Venezuela was one of the most dramatic developments in U.S.-Latin America relations in more than 30 years. In Venezuela, a country that has suffered for more than a decade from repression, economic depression and an exodus of more than 8 million people, it opened the door for change. Yet, days after the arrest, the Chavista government is still in charge, led by Maduro’s former vice president Delcy Rodríguez. The Chavista regime has been a master at appearing to negotiate while stalling and hoping for their counterparts to lose focus or support. Will President Trump be able to influence Rodríguez, and the remaining Venezuelan power structure, in the manner he claims possible? What leverage does he have in Caracas?  In this episode, we speak with Andrés Martínez-Fernández, Senior Policy Analyst at the Heritage Foundation’s Allison Center for National Security, about what’s next for Venezuela and the impact it will have on other countries in the region, such as Colombia, Mexico, and Cuba.

Despite trade tensions and political uncertainty, 2025 was not a bad year for Latin America's economies, with growth of around 2.4 percent, broadly in line with post-pandemic trends. In this episode we look ahead to 2026 and analyze the outlook for the region, from fiscal pressures and a pivotal election in Brazil to uncertainty around Argentina’s recovery under Javier Milei and the evolving trade relationship between Mexico and the United States. To unpack which countries and sectors look strongest, and where the biggest risks lie, we’re joined by Nur Cristiani, head of LATAM investment strategy at J.P. Morgan’s Private Bank.

2025 has been an extraordinarily active year for U.S. policy in Latin America. With the release of President Donald Trump’s new National Security Strategy, which places the Western Hemisphere first and promises to “reassert and enforce the Monroe Doctrine,” along with a new “Trump Corollary” aimed at countering China’s influence, the trend has become even clearer. We discuss the defining features of this assertive approach and what it means for governments, businesses, and regional stability. Our guest os Ricardo Zúniga, former principal advisor for the Americas to President Barack Obama and now founding partner at Dinámica Americas.

Right-wing candidates are gaining victories across Latin America. Chile will likely turn right in the upcoming second round of elections, Javier Milei made legislative gains in Argentina and in Bolivia recent elections ended 20 years of Movimiento al Socialismo (MAS) party leadership. With key races ahead in 2026, some analysts say the right could become the region’s dominant political force, echoing the sweeping “pink tide” of the early 2000s, but in the opposite ideological direction. Is this a historic turn, or are voters simply rejecting whoever is in power? In this episode, we debate this question with Oliver Stuenkel, Senior Fellow at the Carnegie Endowment for International Peace, and ask what it could mean for the years ahead.

Chileans head to the polls this Sunday, November 16. In the last election cycle, Gabriel Boric won following the massive 2019 protests that shook the nation to its core. At the time, it seemed Chile was set for sweeping structural change: the classic poster child for neoliberal economic policy in Latin America appeared ready to build a stronger welfare state and elect leaders from the left. Six years later, some change has occurred, but not nearly as dramatic as many expected. Efforts to rewrite the constitution were aborted twice, and the young leftist president, Gabriel Boric, is leaving office with an approval rating of just 30%. Chileans have turned their attention to other issues, especially crime, which has worsened notably over the past decade. The widespread expectation is that voters will opt for a change in power, and that Chile will join several other Latin American countries swinging to the right.In this episode, we speak with Patricio Navia, a Chilean political scientist, about what this could mean for Chile’s economy and strategic alliances. Navia is a professor at both New York University and Universidad Diego Portales.

The recent deployment of the USS Gerald R. Ford, the U.S. Navy’s largest aircraft carrier, has intensified speculation about Washington’s true objectives in the Southern Caribbean. In this episode of the Americas Quarterly Podcast, we examine what’s really behind the Trump administration’s escalating military activity. Is it a hardline campaign against drug cartels, or the opening moves of a broader effort to pressure Venezuelan leader Nicolás Maduro? What do we know about dynamics within the Venezuelan military? And to what extent could this impact Washington’s relations with Colombia and other countries in the region? Our guest is Ryan Berg, director of the Americas Program and head of the Future of Venezuela Initiative at the Center for Strategic and International Studies.

Mexico’s Claudia Sheinbaum has hit the one-year mark of her presidency. In that time she has had to balance three key relationships: with President Donald Trump, with her still-powerful predecessor Andrés Manuel López Obrador and with the Mexican public. She faced skepticism, but has surprised many. Sheinbaum’s approval rating is at 73%, and a plurality of Mexicans said in a recent poll that her government is off to a better start than AMLO’s. Challenges loom, from fragile security gains and economic uncertainty to political dispute within her party and the ever-volatile dynamic with Washington. To assess her first year in office and what lies ahead we speak with Brenda Estefan, professor at IPADE Business School and columnist for Reforma and Americas Quarterly.

Argentina’s President Javier Milei just got a much-needed boost from his ally, U.S. President Donald Trump. The White House has signaled plans for a $20 billion swap line to contribute to Argentina’s fragile reserves—a lifeline coming just as Milei faces market turmoil, political setbacks and a corruption scandal close to home. With midterm elections set for the end of the month, the big question is whether this support can keep Milei’s project on track—or whether he’s already peaked. Our guest, political risk consultant Juan Cruz Díaz of Cefeidas Group and AS/COA, joins us to break it all down.

Latin America is entering a packed election season, with Bolivia, Chile, Costa Rica, Colombia, Peru and Brazil all set to elect presidents in the next 13 months. This is happening just as organized crime reaches unprecedented power. In several of these countries, crime is showing up in polls as the number one political issue. Security expert Lucía Dammert explains how booming cocaine production, money laundering and criminal infiltration of formal economies are reshaping politics across the region. Dammert has a unique perspective as someone who has worked in both academia and government across the region. She has a new book out, Anatomía del poder ilegal: Violencia, crimen organizado y corrupción en América Latina.

A landmark trial is underway in Brazil: former President Jair Bolsonaro, an ally of U.S. President Donald Trump, stands accused of trying to overturn the 2022 election. Alongside military officials and ex-ministers, Bolsonaro faces charges that could reshape Brazil’s political future — and reverberate globally. The U.S. has recently launched a campaign against Brazil’s judiciary in a show of support for Bolsonaro. Journalist Patricia Campos Mello joins us to unpack the case, the international stakes, and how both the right and left in Brazil are reacting to this pivotal moment.

Bolivia's long-dominant MAS party has suffered a historic defeat, with its presidential candidate winning just 3% of the vote. The result reflects deep frustration over the country’s economic crisis and political infighting. In a surprise outcome, Senator Rodrigo Paz Pereira led the first round, followed by former President Jorge “Tuto” Quiroga. The two will be in a runoff on October 19. In this episode, we speak with Bolivian journalist Raúl Peñaranda about what sets these candidates apart, the future of the MAS, and whether the next president can revive the economy while navigating the country’s deep social and regional divisions.

In this special mid-year episode, we take a step back for a look at where the region’s economies stand, and the picture is better than many expected. We evaluate the impact of Trump’s new tariffs, the short- and medium-term prospects for Mexico's economy, as well as positive indicators like falling inflation in Argentina and resilient growth in Brazil. Our guest is Ernesto Revilla, Chief Economist for Latin America at Citigroup, who returns to share insights on what to watch in the months ahead.

A major confrontation is brewing between the United States and Brazil, driven by the return of Donald Trump to the White House and the deepening legal troubles of his close Brazilian ally, former president Jair Bolsonaro. As Brazil’s judiciary pursues charges against the former president for attempting to overturn the 2022 election, Trump has retaliated with threats of steep tariffs and revoked visas for Brazilian Supreme Court justices. Meanwhile, the U.S. has launched an investigation into Brazil’s trade practices and electronic payment services, further straining relations. In this episode, we speak with Chris Garman, managing director for the Americas at the Eurasia Group, to unpack what’s at stake for both countries, why tensions are escalating, and what a way forward might look like.

As Gustavo Petro spars with Donald Trump, violence is surging in Colombia ahead of next year’s elections. The attempted assassination of conservative presidential candidate Miguel Uribe in June set off alarm bells all over Latin America. Since then, there have been other causes for concern, including a series of car bombs in Cali and news of a plot against another right-wing candidate. In this episode, political analyst Sergio Guzmán, director of Colombia Risk Analysis, joins us to explore why the security situation in Colombia has deteriorated, what’s ahead for the country’s economy and its relationship with the U.S., and which candidates seem best positioned ahead of the elections.

As Brazil prepares to host the 2025 BRICS Summit, questions are swirling about the future of the group, as well as China’s growing presence in Latin America. In this episode, we explore the shifting dynamics of global influence with Oliver Stuenkel, professor of international relations at Fundação Getúlio Vargas, in São Paulo, and a visiting scholar at the Harvard Kennedy School and the Carnegie Endowment for International Peace. We discuss Brazil’s evolving role within BRICS, Lula’s foreign policy choices—including his skepticism toward BRICS expansion and the Belt and Road Initiative—and what it all means for U.S.-Latin America relations.

The recent arrests of two prominent critics of El Salvador's President Nayib Bukele have sparked renewed concerns about the country's democratic backsliding. In this episode we discuss the detentions of attorney Ruth López and constitutional lawyer Enrique Anaya, both vocal opponents of Bukele, and what these developments might signal about the president’s tightening grip on power.  We also talk about challenges on the economic front and a slight dip in Bukele's sky-high approval ratings. Our guest is The Economist’s Mexico and Central America bureau chief, Sarah Birke. Sarah shares insights from her recent reporting trip to El Salvador, unpacking what’s happening on the ground and what to watch for in the months ahead.

On May 20, two top aides to Mexico City Mayor Clara Brugada were shot dead in a rare daytime attack, raising questions about security under Mexico’s new president, Claudia Sheinbaum. Known for her tougher stance on organized crime, Sheinbaum has overseen a drop in homicides and taken bold steps like extraditing cartel leaders. In this episode we speak with security expert Eduardo Guerrero to unpack the recent violence, what has defined the Sheinbaum era of security policy and what we can expect moving forward.

President Javier Milei has made global headlines with his radical economic reforms and bold rhetoric, earning praise from figures like Donald Trump and Silicon Valley elites. At home, his record is mixed: inflation has dropped dramatically and a major IMF deal has been secured, but poverty remains high and economic imbalances persist. With his approval rating holding steady below 50%, Argentina stands at a crossroads. Will Milei deliver transformational change, or will discontent shift momentum to other political forces? To unpack what’s happening on the ground, we’re joined by political consultant Ana Iparraguirre.

Just over a year after Bernardo Arévalo’s tense but ultimately successful inauguration as president of Guatemala, his administration faces a complex mix of progress and mounting challenges. Elected on an anti-corruption platform, Arévalo has delivered key reforms and economic growth—but his popularity is waning, and governability remains uncertain amid fierce opposition. In this episode, part of AQ’s special report on Guatemala, we dive into the country’s political, social, and economic landscape. Guests Claudia Méndez Arriaza, a veteran investigative journalist, and Juan Carlos Zapata of FUNDESA, join us to discuss political tensions, public expectations and development challenges.

Cuba is facing its worst crisis in decades, with blackouts and a mass exodus that has seen 20% of the population flee in five years. In this episode, we shed light on everyday life amid ongoing economic hardship, explore the durability of the Cuban regime and assess whether its grip on power is at risk. The conversation expands to Cuba’s evolving relationships with key international allies, including Russia, China, and Venezuela. Finally, we turn to U.S. foreign policy, focusing on the implications of Trump's return to the White House. Our guest is Patrick Oppmann, CNN's Havana bureau chief.

With Brazil about a year and a half away from the 2026 elections, political dynamics are shifting once again. The economy is growing at 3%, and employment remains high, yet President Lula’s approval rating has dropped to 41%—the lowest of any of his three terms. Meanwhile, the right may be gaining momentum, fueled by the Supreme Court’s decision to put former President Jair Bolsonaro on trial for his alleged 2022 coup attempt. Bolsonaro has appealed to conservative global figures, comparing his legal battles to those of Donald Trump and Marine Le Pen. In this episode, Guilherme Casarões analyzes Brazil’s evolving political and economic landscape. Casarões is a professor at Fundação Getúlio Vargas’s São Paulo School of Business Administration and a contributor to AQ.

Mexico’s President Claudia Sheinbaum is enjoying remarkable popularity, garnering over 80% approval, while Mexico navigates shifting demands from U.S. President Donald Trump, economic uncertainty and security concerns. In this episode we delve into how she differs from her predecessor, Andrés Manuel López Obrador, her evolving approach to the Trump administration, how she is handling Mexico's security challenges and whether her popularity can endure. Our guest is Viri Ríos, a writer, political scientist and an analyst of Mexican politics and public policy. Ríos is a close observer of Morena, President Sheinbaum's party, and its overall political project.

Organized crime is a persistent and evolving challenge in Latin America. At the moment crime syndicates are seeing unprecedented financial gains, fueled not only by a surge in cocaine production—more than doubling in the past decade, according to the UN—but also by profits from illegal gold mining and human trafficking. As security concerns rise, these issues are set to play a crucial role in elections in Ecuador, Honduras, Chile, and Colombia. Meanwhile, the U.S. government, under President Donald Trump, has been pressuring Mexico to curb drug and migrant trafficking, going so far as to impose tariffs on its neighbor. In this episode, we look at how organized crime is shifting in Latin America in 2025. Our guest, Jeremy McDermott, co-founder of InSight Crime.

A month into Donald Trump’s second presidency, Latin America has become a key focus of his administration. From high-stakes negotiations with Mexico to his stated goal of reclaiming the Panama Canal, Trump’s policies have already had concrete consequences for the region. While leaders like Argentina’s Javier Milei and El Salvador’s Nayib Bukele welcome his return, others question the reliability of the U.S. as an ally compared to China and Europe. To unpack these developments, this episode features journalist and writer Michael Reid, a former Latin America correspondent for The Economist and the author of Forgotten Continent: A History of the New Latin America.

As Donald Trump returns to the White House, much focus was expected on Mexico, Colombia, Venezuela, and Cuba, but Panama has surprisingly taken center stage, even becoming the site of Marco Rubio’s first trip abroad as Secretary of State. President Trump has said the U.S. should take the Panama Canal back. Are his true goals reducing China’s influence in key infrastructure projects and securing greater Panamanian cooperation on migration and trade, or is he serious about the threats? While China’s role has grown, they don’t control the canal. Meanwhile, Panama’s deep historical and economic ties to the U.S. remain strong, fueling confusion in Panama about Trump’s intentions. In this episode we talk to Panamanian political analyst Rodrigo Noriega about Panama’s past, present and future, assessing how the country's political class, public opinion the canal authorities are processing this delicate moment.

Nearly a year ago, Ecuador faced a surge of violence when drug gangs took over a TV station and kidnapped police, marking the country's worst security crisis. Since then, President Daniel Noboa has made modest progress, with homicides down 16%, but 2024 still ranked as Ecuador's second most violent year. Noboa also faced a severe energy crisis, with droughts leading to planned blackouts that hurt his previously strong public support. Despite economic challenges, including a potential recession, Noboa remains a leading candidate in the upcoming February 9 elections, narrowly ahead of correísta candidate Luisa González. As Ecuador prepares to vote, we analyze the fight against organized crime, the economic situation and how either Noboa or González might handle a potential Trump presidency in the U.S. Our guest is Sebastián Hurtado, the co-founder and CEO of Prófitas, a political risk consultancy based in Quito.

Peru quickly became one of the first countries in the cross hairs of the incoming Trump administration because of the recently-inaugurated Chancay port, which is run by the Chinese company Cosco Shipping. In this episode, we ask Alfredo Thorne, a former finance minister of Peru, what is special about the Chancay port, what this project tells us about China's plans in Latin America and how Peru is likely to navigate the tension between the U.S. in China for which the country has become a lightning rod.

In this episode we look at what to expect from Latin America’s economies in 2025. Ernesto Revilla, chief economist for Latin America at Citigroup, evaluates the impact of Donald Trump’s return on the region’s economic outlook, his predictions regarding trade tensions, and how ideological affinities between presidents could affect economic policy. He also analyses the health of Latin America’s economies independently of Trump’s decisions, focusing on Mexico, Argentina and Brazil, but also commenting on Andean nations, as well as Costa Rica and the Dominican Republic.

Since Donald Trump’s election there have been fireworks between him and Mexico’s President Claudia Sheinbaum. President-elect Trump has threatened to impose tariffs of 25 percent as two leaders embark on what are likely to be contentious negotiations over migration, border control and trade. In this episode we discuss the potential consequences for Mexico and what is Sheinbaum’s strategy. We also assess the current health of the Mexican economy as the president marks two months in office. Our guest is Valeria Moy, director of director of the Instituto Mexicano para la Competitividad, a think tank based in Mexico City.

Donald Trump’s second presidency will likely bring an even stronger focus on Latin America than his first term did. Trump talked often about Latin America in the campaign, mainly through the lens of immigration and trade. In this episode we explore the possible consequences of his administration for the region. What could happen to Mexico-U.S. relations, as the two countries prepare to review the USMCA trade deal? How is Trump likely to act regarding Venezuela? What does his election mean for the right in the region? And how will the U.S. address China's growing presence in the region? Mauricio Cárdenas is a former finance minister of Colombia and a professor at Columbia University's School of International and Public Affairs.

Brazilian President Luiz Inácio Lula da Silva has an approval rating of about 50%. Unemployment in the country is at its lowest level in a decade and the economy is expected to grow about 3% this year, beating forecasts from just a few months ago. But despite all that, in recent mayoral elections across the country, Lula's Workers’ Party (PT) finished ninth in the number of mayors elected. The big winners were politicians from the centrão, the so-called big center, a coalition of parties that range on the ideological spectrum from the center to the center right and right. These are also the parties that wield control in Brazil’s Congress. In this episode, an analysis of what these results suggest about Brazilian politics today, why the economy is seeing improvement and what is impacting growth potential. Our guest is Christopher Garman, managing director for the Americas, Eurasia Group.

Latin America is the world's breadbasket. The region is now the source of more than 60% of the world’s soy, almost half its corn and more than a quarter of its beef. At the same time, about 28% of people in Latin America and the Caribbean don’t have enough food for themselves. On today’s podcast, we’ll explore Latin America’s so-called “food paradox.” Why is it that as the region produces and exports more food than ever, it’s also having trouble feeding its own people?  Our guest is Brandee Mchale, Head of Community Investing and Development at Citi and President of the Citi Foundation. She discusses what is causing this paradox and how the private sector is implicated in solving it.

Although Democrats still lead among Latinos, Republicans have grown their share of support among that community in the last two elections. Looking ahead to the upcoming contest between Donald Trump and Kamala Harris, we discuss some of the reasons for that shift, the long and little-known history of the Latino population in the United States and how economic and social issues shapes their political views. Marie Arana, author of LatinoLand: A Portrait of America's Largest and Least Understood Minority, argues that Democrats and politicians of all stripes are just beginning to understand them.

Claudia Sheinbaum will take office as Mexico's new president next week, on October 1, 2024. Often described as a technocrat, she also supports some of current President AMLO's more controversial policies, such as the judicial reform that was just approved. In this episode Vanessa Rubio, a professor at the London School of Economics and a former senator and deputy minister, shares what she expects from Sheinbaum's government. Rubio argues her administration will take shape as a new blend—one that could be deemed “techno-populist.”

Javier Milei has so far succeeded in making drastic changes to Argentina's economic policies. In this episode we evaluate what has worked and what hasn't, and who have been the winners and losers. Milei's deep spending cuts have produced in the first 5 months of 2024 a primary fiscal surplus of 1.1% of GDP and inflation is down to about 4% a month. Poverty however continues to rise and the IMF projects an economic contraction of 3,5% for 2024. What do these results amount to in terms of real improvement to the economy? What challenges remain? And what are the most likely political and economic outcomes of Milei's policies? Our guest is Eduardo Levy Yeyati, a former chief economist of the Central Bank of Argentina, and currently a professor at the School of Government at Torcuato di Tella University in Buenos Aires. He also discusses the need for a revival of centrist politics in Latin America.

The entry of Kamala Harris in the U.S. presidential race has completely transformed the election. In this episode we ask what we can expect from her Latin America policy were she to win in November. How do leaders in the region perceive her? What are her views on migration? What can we learn from her record as Vice-President, tasked with the challenging issue of addressing the factors that make people from Central America migrate to the U.S.? What is her stance on trade, and how might she handle the 2026 review of the United States-Mexico-Canada Agreement (USMCA)? Our guest is Roberta S. Jacobson, a former State Department official.

Since the election on July 28 Nicolás Maduro has unleashed a wave of repression not seen in Venezuela before. The question on everyone's mind is, what now? Will Venezuela move further down the path of a dictatorship, or is there some chance of a negotiated solution that might lead to a democratic transition? In this episode, Roberto Patiño, a civil society leader and a member of one of the opposition parties, discusses the opposition's strategies, evaluates the positions taken by Brazil, Colombia, the U.S. and Mexico and describes what he sees as cracks in the Maduro regime.

Ecuador’s young president Daniel Noboa is engaged in a tough battle with organized crime groups that paralyzed the country earlier this year. It’s been six months since that dramatic series of events. In this episode we take stock of what has happened since. How successfully has the government dealt with the security crisis? How valid are comparisons between Ecuador’s crackdown and that of Nayib Bukele in El Salvador? What has happened to Noboa’s popularity after it spiked following those attacks in January? And is Noboa considered the favorite to be reelected in Ecuador’s next presidential election, scheduled for February 2025? Or guest is Sebastian Hurtado, a political risk consultant based in Quito.