Brazil is facing its most severe political crisis since its transition to democracy two and a half decades ago. Large-scale street protests; a government weakened by massive corruption scandals and unable to initiate meaningful reform; and a divided opposition, a large part of whose leadership is also beginning to be investigated, have all combined to create a crisis that Eurasia Group has called one of the top 10 global political risks in 2016. The political turmoil cannot be understood without taking Brazil’s economic plight into consideration. Mainly triggered by President Dilma Rousseff’s financial largesse and interventionist policies, Latin America’s largest [...]
South America
On March 3, Berta Caceres, a prominent indigenous and environmental activist, was murdered in her home in La Esperanza, Intibuca, in the mountains of Honduras. Caceres was a campaigner for the rights of her native people, the Lenca, and a staunch opponent of one of Central America’s biggest dam projects. Her shocking murder was but the first recent example of the growing threat to human rights activists across Latin America. Less than two weeks after Caceres’ assassination, her fellow activist Nelson Garcia was murdered during a community eviction in the village of Rio Chiquito in northern Honduras. The next day, [...]
Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. Earlier this month, Colombian President Juan Manuel Santos announced he was cutting the national budget by 3 percent due to falling oil prices. In an email interview, Christian Gómez, an international development professional, discussed the impact of falling commodities prices on Colombia’s economy. WPR: How has the relative significance of oil and commodities exports to Colombia’s economy evolved in the recent past, and what effect have falling commodities prices had on the economy and public spending and [...]