Across Latin America, several significant political developments emerged this week.
In Brazil, the Senate approved a renegotiation of rural debts estimated to cost R$140 billion (roughly US$25 billion). The modified text must now return to the lower house before reaching the president’s desk for signing. Meanwhile, Presidents Lula of Brazil and Claudia Sheinbaum of Mexico held a video conference in which they jointly called for an end to the US embargo on Cuba and rejected foreign interference in the region’s affairs.
In Chile, the government of President José Antonio Kast admitted it will not meet its promise of reaching 4% economic growth, while his approval rating sits at just 34%, according to the latest CEP survey. Five prison guards were also arrested in connection with a drug trafficking case.
And in Peru, the Presidential Pardons Commission rejected an appeal for the release of former president Pedro Castillo, who remains imprisoned.
