By now most people have probably forgotten how many criminal investigations have taken place in Brazil arising out of the “Operation Car Wash” scandals. The numbered rounds or “phases” of the investigation, as they are known in Brazil, reached 41 on May 25, 2017. Considering...

Many countries in Latin America are going through significant social changes, raising concerns about the general political stability of the region as a whole. Major recent events include: anti-government protests in Venezuela and Paraguay, recurring unrest in Brazil, mounting tension in Peru, and a bitterly...

The Trans-Pacific Partnership (TPP) aims to increase trade and deepen economic ties between participating nations by reducing tariffs and regulatory red tape, as well as creating free trade zones, thereby boosting member nation economic growth. The agreement would set new terms for trade and business...

Mexico’s economy experienced its first quarterly decline in three years, posting a modest contraction of 0.2% in the second quarter of 2016. Economic performance was impacted by falling oil prices, government budget cuts, and a decline in output at state oil company Petróleos Mexicanos (Pemex)....

Brazil’s economic performance continues to be strained by political turmoil and the widespread corruption and money-laundering scandal involving state-run oil company Petróleo Brasileiro SA (Petrobrás) and other state-owned companies. Brazil’s economy contracted for a fifth consecutive quarter in Q1 2016 amid the country’s deepest recession...

Over the past several months, three potential solutions have taken shape to help deal directly with Puerto Rico’s US $72 billion debt crisis. First, Governor Alejandro García Padilla established an internal working group to negotiate directly with creditors, which has made modest progress. Second, U.S....

Latin America and the Caribbean’s regional economy contracted an estimated 0.3% in 2015, down from growth of 1.3% in 2014, according to the IMF. Regional GDP is projected to contract another 0.3% in 2016. Declining commodity prices, China’s slowdown, the collapse in the price of...

Mexico and Cuba recently announced several new agreements in an effort to strengthen ties and improve relations. While the countries had a strained relationship under Mexico’s two previous administrations (2000 – 2012), a recent formal state visit by Cuban President Raul Castro to Mérida, Yucatán...

Brazil’s economy is expected to contract by as much as 3.0% in 2015 and 1.0% in 2016, according to the IMF. In August, the country entered into a recession after reporting two consecutive quarters of negative growth. Brazil’s GDP shrank 1.9% between April and June...