Latin

Latin Grammys 2025: Bad Bunny, Fuerza Regida, Karol G to perform

The Latin Recording Academy has added even more names to its already star-studded lineup of artists slated to perform at the 26th Latin Grammy Awards, which will be held Nov. 13.

Among the acts announced are album of the year nominee Bad Bunny, breakout Argentine duo Ca7riel & Paco Amoroso, song of the year nominee Karol G and San Bernardino-based música mexicana powerhouse group Fuerza Regida

Also added to the performers list was Mexican musical icon Marco Antonio Solís and Puerto Rican band Chuwi, who was featured on Bad Bunny’s latest album, “Debí Tirar Más Fotos.”

Next week’s show will mark the first time Bad Bunny has performed on the Latin Grammy stage since 2021, when he sang “Maldita Pobreza” from his 2020 album “El Último Tour Del Mundo.” It also will be the first time that Fuerza Regida and Ca7riel & Paco Amoroso perform on the Latin Grammy stage.

Album of the year nominee Rauw Alejandro, legendary rocker Carlos Santana, ranchero/mariachi album nominee Christian Nodal and country darling Kacey Musgraves were among the acts previously announced as performers at the Las Vegas awards show.

Other artists slated to take the stage at the show’s 26th iteration include 22-time Latin Grammy winner Alejandro Sanz; the Argentine singer Nathy Peluso; Tejano band Grupo Frontera; former best new artist winner Joaquina and Venezuelan singer-songwriter Elena Rose.

Additional artists set to perform at the MGM Grand Garden Arena are música Mexicana acts Carín León, Pepe Aguilar and Los Tigres del Norte; sad sierreño singer-songwriters Iván Cornejo and DannyLux; Latin pop icon Gloria Estefan and Colombian rock band Morat.

This year’s list of top nominees include Bad Bunny (12), Edgar Barrera (10), Ca7riel & Paco Amoroso (10), Rafa Arcaute (eight), Natalia Lafourcade (eight) and Federico Vindver (eight).

Bad Bunny’s 12 nominations this year will bring his total career nods to 52. With her eight nominations this year, Lafourcade looks to bolster her collection of 18 trophies from the awards show — the most wins for any female artist.

Nabbing eight more nominations, Edgar Barrera continues to pad his stats as the awards show’s most nominated person of all time with 72 nods, along with 24 wins. Spanish artist Alejandro Sanz received four nods this year, which brings his career total to 51.

This month’s show will be the debut of the new Visual Media field and its new category, Music For Visual Media, which will honor scores for film and television. Also added to this year’s awards is the category for best roots song.

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Latin America could receive $239B in mining investments through 2033

The El Teniente mine in Rancagua, south of Santiago, Chile, is the largest underground mine in the world. File Photo by Mario Ruiz/EPA

SANTIAGO, Chile, Nov. 4 (UPI) — Latin America is projected to receive $239 billion in mining investments through 2033, a study by consulting firm PwC indicates. Chile, Brazil, Argentina and Peru are expected to be the main beneficiaries, although most of the projects are not new initiatives.

“It’s a large and strategic figure in absolute terms and competitive compared with other resource-rich regions. Latin America maintains a leading position in transition minerals such as copper and lithium, as well as base minerals like iron,” Carlos Rivas, senior manager for PwC Chile’s mining sector consulting division, told UPI.

The analysis included projects from major mining companies such as BHP, China Shenhua Energy, Rio Tinto Group, Freeport-McMoRan, Zijin Mining Group and Glencore.

Rivas said much of the projected investment is needed for companies to maintain production levels amid declining ore grades and increasing environmental, social and governance requirements.

“New capital investment is required to address issues such as environmental permits, water, energy and logistics needs, and to diversify supply in the face of global concentration risks,” Rivas said.

Chile, which accounts for 22% of global copper production and 17% of lithium output, will receive the largest share of investments — about $83.2 billion — of which only 20% is earmarked for new projects.

“The predominance of brownfield projects [those developed on existing sites or infrastructure] at 80% reflects the maturity of Chile’s mining assets and a rational strategy,” Germán Millán, a partner in PwC Chile’s mining sector consulting division, told UPI.

“These projects generally carry lower financial risk and involve faster permitting processes. Exploration continues, but it competes for capital with emerging hubs such as Argentina and faces longer development cycles,” he said.

Millán said expansion projects include a significant component of technology investment that is highly relevant to the industry.

Brazil is projected to attract about $68.5 billion in mining investments, while Peru is expected to receive roughly $54.6 billion over the next eight years, with 60% of those projects focused on new developments.

Millán cited Argentina, where investments of about $33 billion are projected, with 70% of the total earmarked for new projects.

Among greenfield projects — those launched from scratch — new initiatives stand out in mining districts such as Vicuña, with ventures like Filo del Sol for copper, gold and silver exploration and Josemaría, which is related to copper.

Under development scenarios, Argentina could reach 1.2 million metric tons of copper production within a decade.

“For that to materialize, infrastructure must be secured in areas such as water, energy, roads and ports, along with predictable permitting processes, strong community engagement and access to capital,” Rivas said.

He added that with Chile’s support and expertise, “Argentina’s learning curve could be accelerated. There is strong growth potential if institutional frameworks, infrastructure and financing align, with partnerships that share risk and accelerate the development of studies and the execution of projects.”

PwC’s Mine 2025 study noted that the global mining supply is becoming increasingly concentrated, and that “in several cases, there is a growing mismatch between where mineral reserves are located and where they are produced. This situation creates both opportunities and supply risks.”

For copper, Chile and Peru remain among the world’s leading centers of production and reserves, reinforcing their role in new value chains despite rising output in other jurisdictions, such as the Democratic Republic of Congo.

For lithium, Australia, Chile and China lead production, while the largest reserves are situated in the Lithium Triangle — Chile, Argentina and Bolivia — “opening room for further development and potential cross-border synergies in South America. This concentration calls for responsible diversification and solid investment frameworks,” the report said.

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Latin America’s Fintech Boom Forces Banks to Evolve

Major Latin American banks are racing toward 100% digital models. Despite the rise of fintechs, traditional banks are determined not to be left behind.

Digital transformation is no longer a buzzword in Latin America; it is an existential imperative.

Digital natives like Brazilian neobank Nubank, Argentine fintech Ualá, and regional payments platform Mercado Pago are scaling into super-app ecosystems while giants like Santander and BBVA push forward with their own digital units. The next several years may determine whether traditional banks can reinvent themselves fast enough to remain competitive, or whether the fintech wave will carry Latin America into a new era of finance.

The number of fintechs operating in the region surged from 703 in 2017 to over 3,000 in 2023: a staggering 400% increase, according to a joint study by the Inter-American Development Bank (IDB) and Finnovista. The explosion of financial startups has upended traditional banking, and is pressuring established institutions to reinvent themselves or risk obsolescence.

Giorgio Trettenero Castro, secretary general of the Federación Latinoamericana de Bancos (FELABAN)

Data from Accenture underscores the challenge: Digital-only banking players have grown revenue by 76% compared to 44% for traditional banks replicating legacy models online. This suggests that simply bolting digital interfaces onto outdated systems yields diminishing returns. Instead, agility and modularity are the new competitive currency.

The rise of digital-only players, the acceleration of instant payment systems like Brazil’s PIX, and the rapid adoption of super-app models are converging to redraw the competitive map. Traditional banks are racing to shed legacy systems and cultural inertia while fintechs expand aggressively into core banking territory.

Constraining the race toward 100% digital banking is a lack of up-to-date basic infrastructure, warns Giorgio Trettenero Castro, secretary general of the Federación Latinoamericana de Bancos (FELABAN).

“Financial services demand that the general public have access to quality, competitively priced internet,” he says. “That is not entirely the case in Latin America, where rural areas face a deeper divide; only 39% of rural populations have internet access. Moreover, Latin America has just 4.8% of the world’s data centers, with Brazil in the lead. This shortage hampers competitiveness and raises costs.”

These structural weaknesses coexist with distinct opportunities. About 57% of fintechs target the region’s unbanked population, according to the IDB and Finnovista report. Currently, around 20% of Latin American adults are not financially included, according to a 2024 study by Mastercard and Payments and Commerce Market Intelligence: a substantial population waiting to be tapped.

Newcomers Reshape The Financial Arena

Traditional banks and fintechs increasingly resemble each other when it comes to their processes.

“In the past, a customer had to bring a pile of documents and meet with a bank manager to open an account and wait several days. Now, everything can be done in minutes on a smartphone: an innovation pioneered by Nubank 12 years ago,” observes José Leoni, managing director at Moneymind Partners, a São Paulo-based financing advisory firm. “Back in the 1980s, the main customer retention tool was automatic debit, clearly a tech innovation for the time. Today, every bank has similar offerings. What makes a bank attractive now are costs, a unified platform for all products, and customer experience.”

Banco do Brasil has put significant effort into customer experience, but despite a technology investment that reached $554 million last year, it still maintains legacy systems.

“Now we have 30% of our applications in cloud computing, so we operate on a hybrid system that has worked well so far,” says Bárbara Lopes, head of Customer Experience for digital and physical channels Banco do Brasil.

Bárbara Lopes, head of Customer Experience for digital and physical channels Banco do Brasil

While part of its infrastructure remains on-premises, Banco do Brasil considers itself 100% digital, as 94% of clients using its app carry out their transactions through digital channels. Of its 86 million total clients, 31 million are active digital users, a number that continues to grow yearly.

“Our goal is to provide a good, customized experience with AI to serve all our different audiences,” Lopes says: “young people, vulnerable populations, agribusiness workers, and entrepreneurs.” Competition is massive, she notes, and personalizing customer experience is one of the most important strategies for retaining clients.

Banco de Inversiones de Chile (BCI) has adopted a similar strategy, stressing investment in technology as critical to keeping up with trends and delivering a better customer experience.

“Innovation and data management are fundamental pillars of BCI’s growth strategy,” says Claudia Ramos, manager of Innovation and Data Analytics. “That’s why, in recent years, we invested $100 million in our app, which delivered benefits representing nearly 20% of our EBITDA. Today, all our customers use digital channels.”

BCI’s road to digitalization began in 2015; two years later, it launched Machbank, a fully digital neobank offering investment solutions to improve customer experience and broaden inclusion. Machbank now has 4.2 million clients, with a youthful, userfriendly profile, out of a total of almost 6 million at BCI. The bank continues to offer a strong digital value proposition across its 183-branch network, where all customers now use digital solutions.

The latest trends point to interactions driven by massive use of technology, Ramos argues: “Simplicity, transparency, and more objective experiences are the best proposals for financial inclusion. Our next step is to further leverage AI to enhance user experience.”

Challenges Ahead

For incumbents, the challenge is often less technological than cultural; resistance within teams and reluctance to change entrenched routines often slow progress. At BTG Pactual, Marcelo Flora, managing partner and head of Digital Platforms, says he struggled for years to convince his colleagues to embrace digital transformation.

Following the example of Goldman Sachs, BTG Pactual built its reputation on asset management, wealth management, and investment banking, generating comfortable profits of R$4 billion per year ($736 million) in 2014.

“We were victims of our own success,” says Flora: why change a model that was working so well?

Once fintechs emerged and incumbents started to lag, however, BTG Pactual prepared itself for the next wave. The results were striking; profits quadrupled in 10 years, from $736 million to $2.9 billion.

“Now we have the speed of a fintech and the credibility of an incumbent,” Flora says.

Most banks established before the rise of digital players have faced similar hurdles.

“The main challenge is usually not technological, but cultural and organizational,” agrees Andrés Fontão, CEO of Finnosummit, organizer of the annual Latin American fintech conference. “Many institutions carry inherited structures and processes, and if senior management is not fully aligned with the digitalization mission or able to transmit that vision downward, change stalls.”

Digital banking lowers the barriers that traditional models raise: fewer documents, no need to visit a branch, simpler interfaces. This opens doors for previously excluded populations.

“In Mexico, only about 55% of adults had an account in 2023,” notes Fontão. “Other reports indicate just 49% are banked, leaving about 66 million people without access. But between 2017 and 2021, Latin America saw the largest increase in financial inclusion globally—19%—thanks to innovations such as digital payments, online commerce, and digital subsidy distribution.”

That does not mean branch banking is going the way of the dodo.

“Although neobanks are cheaper to operate because they don’t maintain physical branches and promote digital inclusion, in Latin America, the belief in bank branches remains strong,” says Francisco Orozco, professor at the Center for Financial Access, Inclusion and Research of the Monterrey Institute of Technology and Higher Education. “Reputation is essential, and even though young people are digital natives, there is a kind of inherited financial habit. Most people still want to use cash and visit branches.”

Leveraging this predilection, Nu Mexico signed an agreement with the OXXO convenience store chain in January to expand its cash deposit and withdrawal network.

“This is a way to promote digital inclusion,” says Orozco.

Beyond Branches And Borders

Latin America’s transformation could point the way for other developing regions. It combines massive unmet demand, agile fintech innovation, and regulatory experimentation. If incumbents can overcome cultural inertia and infrastructure gaps, they may leapfrog into a model of fully digital, inclusive, and interoperable banking.

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The Illusion of Freedom: Latin America’s Authoritarian Drift

Latin America’s political landscape has seen sweeping shifts in recent years. On one hand, a so-called “second Pink Tide” has returned left-of-centre governments to power in key countries – Lula in Brazil, Petro in Colombia, and the broad left in Mexico – inspiring hopes of renewed democracy and social reform. On the other hand, strongman leaders like El Salvador’s Nayib Bukele (a populist outsider not usually labelled “leftist”) and Venezuela’s Nicolás Maduro (an entrenched Chavista) have consolidated control in ways critics call authoritarian. The question looms: are these developments evidence that the region is sliding back toward autocracy, cloaked in progressive rhetoric? Or are they legitimate shifts reflecting popular will and necessary reform? Recent trends in Brazil, Mexico, Colombia, El Salvador, and Venezuela, show serious democratic backsliding, populist leadership styles, and the uses (and abuses) of leftist language to consolidate power rather than give it back to the people.

Brazil: Lula’s Left Turn and the Security State

Brazil’s democracy was violently tested in early 2023 when Jair Bolsonaro’s supporters stormed Congress, the Supreme Court, and the presidential palace. The crisis – and the swift legal response by institutions – helped vindicate Brazil’s checks and balances. When former President Luiz Inácio Lula da Silva (Lula) won the 2022 election, many Brazilians breathed a sigh of relief as they felt and agreed that a second Bolsonaro term would have propelled Brazil further into autocracy, whereas Lula’s coalition blocked that outcome. Polls showed Brazilians rallying to defend democracy after the Jan. 8 insurrection, and Lula himself has repeatedly proclaimed Brazil a “champion of democracy” on the world stage. Under Lula, Brazil has indeed reversed some of Bolsonaro’s more extreme policies, especially on the environment and social welfare, and the Supreme Court remains independent and active.

At the same time, Brazil still grapples with brutal crime and controversial security policies. In October 2025 a massive police raid in Rio de Janeiro’s favelas – involving roughly 2,500 officers – killed at least 119 people (115 suspected traffickers and 4 officers). Human rights groups denounced the operation as a massacre, reporting that many of the victims were killed execution-style. President Lula’s justice minister stated that Lula was horrified by the death toll and had not authorised the raid, which took place without federal approval. Rights investigators noted that in 2024, approximately 700 people were killed in police actions in Rio—nearly two per day, even before this incident. The episode underscored the persistence of militarised and largely unaccountable security practices, rooted in decades of mano dura policing. Lula’s administration, however, has publicly condemned the use of excessive force and pledged to pursue meaningful reforms in public security policy.

In short, Brazil’s picture is mixed. Bolsonarismo (Bolsonaro’s movement) still holds sway in many state capitals, and violence remains high. But Lula’s presidency so far shows more emphasis on rebuilding institutions and fighting inequality than on authoritarian control. Brazil’s democracy has shown resilience: after the coup attempt, support for democracy actually peaked among the public. Lula himself has publicly affirmed free speech and criticised right-wing attacks, reversing some of Bolsonaro’s polarising rhetoric. Thus, we can view Brazil as democratic, albeit fragile. The major ongoing concerns are police brutality and crime – which are treated as security policy issues more than political power grabs by the president.

However, although Lula’s third term has been marked by a renewed emphasis on social justice, labour rights, and environmental protection, it has also been coupled with a discourse that often frames politics as a moral battle between the people and entrenched elites. This populist tone has reinforced his image as a defender of ordinary Brazilians while simultaneously deepening political polarisation and straining institutional checks and balances. His leadership style tends to concentrate moral and political authority around his persona, blending pragmatic governance with an appeal to popular sentiment. Even though Lula continues to operate within democratic frameworks, this personalisation of power highlights the persistent tension between populist mobilisation and institutional restraint in Brazil’s fragile democracy.

Mexico: Welfare Reforms and Power Consolidation

Mexico’s case is more worrisome. Andrés Manuel López Obrador (AMLO, 2018–2024), a self-declared leftist populist, implemented a dramatic concentration of power. By 2024 his ruling Morena party controlled the presidency, both houses of Congress, and most state governorships. His government pushed through constitutional amendments that bolstered the executive and weakened independent checks. By the end of his term, his party had achieved full control of the executive branch, both chambers of Congress, and most subnational states, and it overhauled the judiciary and strengthened the military through reforms aimed at executive aggrandisement and weakening checks and balances. In plain terms, AMLO used his majority to rewrite rules in his favour.

AMLO’s populist rhetoric was central to this process. He constantly framed his campaign as a fight against corrupt “elites” and the “old” political order. Slogans like “Por el bien de todos, primero los pobres” (For the good of all, first the poor) became rallying cries.  On the surface, that populist welfare agenda – pensions for seniors, higher minimum wage, social programmes – delivered what could be perceived as real results. Poverty fell sharply: by 2024 over 13.4 million fewer Mexicans lived below the poverty line, a historic 26% drop. These benefits helped AMLO maintain high approval from his base. Yet a closer look reveals a more complex picture. Independent analyses show that much of this reduction is linked to temporary cash transfers and post-pandemic economic recovery rather than structural improvements in wages, education, or healthcare. Inequality and informality remain deeply entrenched, and millions continue to rely on precarious, low-paid work. Moreover, Mexico’s social spending has not been matched by investments in institutional capacity or transparency, raising concerns that short-term welfare gains may mask longer-term fragility. In this sense,  López Obrador’s populist social model contrasted starkly with its narrative of transformation: it has lifted incomes in the immediate term but done little to strengthen the foundations of sustainable, equitable development.

Also the same rhetoric that promised to empower the poor also justified undermining institutions. AMLO’s blend of social policy with authoritarian tactics created a downward trend in freedoms. He openly clashed with autonomous agencies and critical media, called judges “traitors,” and even moved to punish an independent Supreme Court justice. AMLO began implementing his unique brand of populist governance, combining a redistributive fiscal policy with democratic backsliding and power consolidation. In 2024’s Freedom Index, Mexico plummeted from “mostly free” to “low freedom,” reflecting accelerated erosion of press freedom, judicial independence, and checks on the executive.

For example, AMLO mused about revoking autonomy of the election commission (INE) and packed federal courts with loyalists. He oversaw a lawsuit that temporarily replaced the anti-monopoly commissioner (though this was later reversed). Controversial judicial reforms were rammed through Congress with MORENA’s (National Regeneration Movement) supermajority. In the name of fighting corruption, AMLO and his party sidestepped democratic norms. By the time he left office, many prominent dissidents had been labelled enemies of the people, and civil-society watchdogs reported increasing self-censorship under fear of government reprisals.

Legitimate reforms vs. power grabs: Of course, AMLO’s administration did achieve significant social gains. His policies tripled the minimum wage and expanded social pensions for the elderly and students. From the left’s point of view, these are overdue redresses of inequality after decades of neoliberal policy. Nevertheless, one can also say that AMLO pursued these at the expense of Mexico’s democracy.

AMLO’s successor, Claudia Sheinbaum has largely extended the populist and centralising model of her predecessor. Her government has expanded the same welfare policies – including pensions for the elderly, youth scholarships, and agricultural subsidies – which continue to secure her strong approval ratings. At the same time, she has pursued a more nationalist economic strategy, favouring the state over private or renewable investment, a move seen by many as ideologically driven rather than economically sound.

Her administration’s approach to governance has reinforced concerns about democratic backsliding. Within months of taking power, her party used its congressional majority to pass a sweeping judicial reform allowing for the election of nearly all judges, a measure widely interpreted as undermining judicial independence. She also oversaw the dismantling of Mexico’s autonomous transparency and regulatory agencies, institutions originally created to prevent executive overreach after decades of one-party rule. Her rhetoric, while measured compared to López Obrador’s, has nonetheless targeted independent electoral and judicial authorities as acting against the popular will. Violence against journalists and judicial pressure on the press have continued under her watch, suggesting a continuity of the authoritarian tendencies embedded in her predecessor’s style of governance. In effect, Sheinbaum has presented herself as the guardian of López Obrador’s so-called “Fourth Transformation”, but her actions increasingly blur the line between social reform and the consolidation of political control.

Meanwhile, MORENA, the ruling party, has evolved into a hegemonic political force that increasingly mirrors the old Institutional Revolutionary Party (PRI). Having consolidated control over the presidency, Congress, and most governorships, MORENA now dominates the national political landscape with little meaningful opposition. Its supermajority has enabled constitutional changes that weaken autonomous regulators and reconfigure the judiciary in its favour. Efforts to overhaul the electoral system – including proposals to curtail proportional representation and cut funding for opposition parties – further tilt the playing field towards one-party dominance. The party’s control of state resources and vast social programmes has also revived the clientelism and political patronage once characteristic of PRI rule. Many regional elites and former PRI figures have joined MORENA’s ranks, expanding its reach through local alliances and personal networks. This combination of electoral dominance, state control, and populist legitimacy has left few institutional counterweights to its power. In practice, Mexico’s political system is sliding back towards the PRI-style arrangement it once fought to overcome: a single dominant party using popular mandates and social welfare to entrench its hold over the state while constraining the mechanisms of democratic accountability.

Colombia: Peace Agenda and Institutional Pushback

Colombia’s new president, Gustavo Petro (in office since August 2022), is the country’s first-ever leftist head of state. He campaigned on ending historical violence and inequality, reaching a definitive peace with guerrilla groups, and “transforming” Colombian society. To that end, Petro has pursued ambitious reforms – agrarian, labor, climate, and constitutional – some of which have hit roadblocks in Congress and the courts.

One flashpoint has been his call for a constitutional rewrite. Petro announced he would ask voters (via the 2026 legislative elections ballot) whether to convene a national constituent assembly to draft a new constitution. He argues that traditional institutions (Congress and the courts) repeatedly blocked key reforms – for instance, an environmental tax and a gender law were struck down as unconstitutional – and that only a direct mandate could implement his agenda. In his own words, he has framed the move as carrying out “the people’s mandate for peace and justice”, implicitly casting political opposition as elitist roadblocks. Arguably, under Colombia’s 1991 Constitution, a referendum on reform first requires legislation from Congress; the president alone cannot unilaterally change the constitution. Indeed, Petro’s coalition lost its majority in the Senate after the 2024 elections, and even has a minority in the House. That means he cannot force through a referendum law on his own.

Petro’s gambit is a stress test of Colombia’s institutions. Although Petro is popular with part of the electorate, and the checks and balances in the country have been holding– Congress and the Constitutional Court can still block overreach. Petro’s approval ratings hover around 37%, giving savvy opponents incentive to organise rallies or boycotts if he tries an end-run around Congress. Moreover, Colombia’s Constitutional Court has so far signalled it will strictly enforce procedural requirements before any reform, and it would likely strike down any effort to allow immediate presidential reelection (which the constitution currently bans). In fact, observers have flagged concern that Petro might push to permit his own re-election, raising alarm among civil society and international partners.

Thus far Petro has not succeeded in weakening institutions as Bolsonaro did in Brazil or Maduro in Venezuela. To the contrary, Colombia’s court and electoral tribunal have acted independently, even prosecuting members of Petro’s coalition for campaign irregularities. The country’s strong judicial branch remains a bulwark. That said, the tone of politics has become extremely polarised and personal. After a recent assassination of a presidential candidate (son of former President Uribe), the campaign trail saw shrill accusations: Petro’s supporters often label their opponents “far-right extremists,” while his critics call him a “communist” or worse. This combustible rhetoric – on all sides – could jeopardise stability.

Colombia today embodies both promise and peril. Petro has introduced progressive initiatives (such as a new climate ministry and child allowances) that appeal to many, but he also openly questions the role of old elites and considers dramatic institutional change. His proposals have not yet realised an authoritarian shift, but they have tested the separation of powers. The situation is dynamic: if Petro tries to override constraints, Colombia’s existing democratic guardrails (courts, Congress, watchdogs) will likely react strongly. The key question will be whether Colombia can channel legitimate popular demands through its institutions without them buckling under pressure.

El Salvador: The Bukele Model of “Punitive Populism”

El Salvador stands apart. President Nayib Bukele (in power since 2019, re-elected 2024) defies easy ideological labelling– he was not from the traditional leftist bloc – but his governance style has strong authoritarian features. His rise was fuelled by a promise to crush the country’s notorious gangs, and indeed El Salvador’s homicide rate plummeted under his rule. Bukele has remade a nation that was once the world’s murder capital. According to  figures, over 81,000 alleged gang members have been jailed since 2022 – about one in 57 Salvadorans – and Bukele enjoys sky-high approval ratings (around 90%) from citizens tired of crime. These results have been touted as proof that his “iron fist” strategy of mass arrests and harsh prison sentences (the world’s largest incarceration rate) has worked. In this sense, Bukele’s firm grip on security is seen by many supporters as a legitimate reform: a state that delivers safety, even at the cost of civil liberties.

However, the democratic trade-offs have been extreme. Since 2022, Bukele has ruled largely by decree under a perpetual state of emergency, suspending key constitutional rights (due process, privacy, freedom of assembly). Criminal suspects – including minors – are arrested en masse without warrants and often held in overcrowded prisons. The president has openly interfered in the judiciary: his pro-government legislators dismissed all members of the Supreme Court and Attorney General’s office in 2021–22, replacing them with loyalists. This allowed Bukele to evade the constitutional prohibition on immediate presidential re-election and secure a second term in 2024. Even ordinary political opposition has been effectively pulverised, party leaders disqualified, judges threatened, and dissenters harassed or driven into exile.

Human-rights groups accuse Bukele’s security forces of torture and disappearances of innocent people swept up in the dragnet. A 2024 Latinobarómetro survey found that 61% of Salvadorans fear negative consequences for speaking out against the regime – despite the fact that Bukele’s formal approval remains high. Many critics now call him a social-media-savvy strongman” or “millennial caudillo”, suggesting he leads by personal charisma and social-media influence.

On the other hand, his defenders argue Bukele has simply done what past governments could not: restore order and invest in infrastructure (like child-care and tech initiatives) that were ignored for years. Indeed, El Salvador under Bukele has attracted foreign investment (notably in Bitcoin ventures) and even hosted international events like Miss Universe, as if to signal normalcy. But  Bukele has built his legitimacy on the back of extraordinary measures that sideline democracy. Bukele’s popularity may export a brand of ‘punitive populism’ that leads other heads of state to restrict constitutional rights, and when (not if) public opinion turns, the country may find itself with no peaceful outlet for change. In other words, El Salvador’s example shows how quickly a welfare-and-security-oriented leader can morph into an authoritarian ruler once key institutions are neutered.

Venezuela: Consolidated Authoritarianism

Venezuela is the clearest example of democracy overtaken by authoritarianism. Over the past quarter-century, Hugo Chávez and his successor Nicolás Maduro have steadily dismantled democratic institutions, replacing them with a one-party state. Today Venezuela is widely recognised as a full electoral dictatorship, not an anomaly but a case study in how leftist populism can yield outright autocracy. The 2024 presidential election was the latest illustration: overwhelming evidence suggests the opposition actually won by a landslide, yet the regime hid the true vote counts, declared Maduro the winner with a suspicious 51% share, and reinstalled him for a third term. Venezuela’s leaders purposefully steered Venezuela toward authoritarianism. It is now a fully consolidated electoral dictatorship

Since then, Maduro’s government has stamped out virtually all resistance. Leading opposition figures have been harassed, jailed, or exiled. Opposition candidate María Corina Machado – who reportedly won twice as many votes as Maduro was banned by the Supreme Court from even running. New laws passed in late 2024 further chill dissent: for example, the “Simón Bolívar” sanctions law criminalises criticism of the state, and an “Anti-NGO” law gives authorities broad power to shut down civil-society groups if they receive foreign funds. All justice in Venezuela is now rubber-stamped by Maduro’s hand-picked judges.

Any pretense of pluralism has vanished. State media and pro-government mobs drown out or beat up remaining critics. Despite dire economic collapse and mass exodus (millions of Venezuelans have fled hunger and repression), Maduro governs with an iron grip. In short, Venezuela today is an example of ideological rhetoric (Chavismo, Bolivarian Revolution) entirely subsumed by power. It also serves as a caution: the veneer of elections and redistributive slogans can sometimes hide total dictatorship. (In Venezuela’s case, the “leftist” regime never even bothered to disguise its authoritarian turn.)

Legitimacy, Rhetoric, and Checks

Throughout these cases, a common theme emerges: populist rhetoric vs institutional reality. Leftist or progressive leaders often claim to champion the poor and marginalised – a message that resonates in societies scarred by inequality. Yet in practice, that rhetoric sometimes becomes a justification for concentrating power. AMLO spoke of a “fourth transformation” of Mexico to overcome the “old regime,” and applied that mission to reshape institutions. Petro invokes “the will of the people” to override what he calls elite obstruction. Lula’s Brazil has been less about overthrowing elites and more about undoing his predecessor’s policies. And Bukele promises safety so absolute that he deems dissent a luxury Salvadorans cannot afford.

Of course, leftist governments do enact genuine reforms. The region has seen expansions of social programmes, pensions, healthcare, and education in many countries. In a sense, voters rewarded candidates like Lula, Petro, and AMLO precisely because they promised change and delivered temporary benefits (scholarships, pensions, workers’ pay raises, etc.). But even well-meaning reforms can backfire if the manner of governing ignores constitutional limits.

Where was the line crossed from policy to autocracy? The answer varies. In Venezuela, it was crossed long ago. In El Salvador, it was in 2020 when the Supreme Court was neutered. In Mexico and Colombia, it might yet be crossed if current trends continue. Notably, independent institutions have played the decisive role. Brazil’s judiciary and congress checked Bolsonaro and remain intact under Lula; Colombia’s still-revolutionary courts have so far blocked Petro’s more radical ideas;  under Claudia Sheinbaum, Mexico’s courts remain constrained by the constitutional limits that formally prevent presidential re-election, yet her administration’s actions have significantly weakened judicial independence. By politicising judicial appointments and curbing the autonomy of oversight bodies, her government has consolidated influence over the very institutions meant to act as checks on executive authority. In practice, Mexico’s judiciary is now more vulnerable to political pressure than at any time since the end of PRI dominance, reflecting a growing concentration of power within the presidency and the ruling party. In contrast, Venezuela’s courts have no independence at all, and El Salvador’s were replaced wholesale.

This suggests that Latin America has not uniformly fallen back into classic authoritarianism under “leftist” governments. Instead, populist leaders of varying ideologies have tested democratic boundaries, and outcomes differ by country. Where institutions remained strong, they provided a buffer. Where institutions were undermined, democracy withered.

The Future of Democracy in Latin America

So what does the future hold? After a brief blip of improvement, democracy metrics in Latin America appear to be declining again. In 2023, a composite index actually rose slightly, driven by gains in Colombia (Free status by Freedom House) and Brazil. But by 2024 the region was “re-autocratising”, with rule-of-law slipping in Mexico and Peru, and older warning signs re-emerging across the continent.

Key factors will influence the coming years. On one hand, many Latin Americans remain hungry for security, equity, and an end to corruption – needs that populist leaders address. If such leaders deliver results (as Bukele did on crime), public tolerance for illiberal methods may persist. On the other hand, the region has a relatively robust civil society, and voters in countries like Brazil and Colombia have shown willingness to hold leaders accountable.

Balance is crucial. In well-functioning democracies, major changes do not require emergency decrees or friendly courts; they require compromise and open debate. The examples of Mexico and El Salvador show how quickly democratic norms can erode when populist leaders wield their mandate without restraint.

Ultimately, Latin America’s record is not hopeless, but neither is it fully reassuring. The early 2020s have demonstrated that both left-wing and right-wing populisms can strain democracy. Are we returning to authoritarianism under a leftist facade? – has no single answer. In countries like Venezuela, the answer is emphatically yes. In others, it is a warning under construction: Mexico and El Salvador caution us, Colombia is at a crossroads, and Brazil’s experience suggests that institutions can still provide meaningful checks on executive power, but their resilience is not guaranteed. The recent police raid in Rio de Janeiro, serves as a stark test for Lula’s commitment to reforming Brazil’s militarised public-security apparatus. How his government responds to this and similar incidents will be a critical measure of whether Brazil’s democratic institutions can withstand pressure from both public opinion and entrenched security structures, or whether longstanding legacies of unchecked police power will continue to erode accountability.

For the future of the region, the lesson is that rhetoric alone cannot safeguard democracy. Even popular leaders must respect independent judiciaries, free press, and electoral integrity. If those pillars are allowed to crumble, Latin America’s democratic gains will fade. The coming years will test whether each country’s citizens insist on true democratic practice or allow the allure of strong leadership to override constitutional limits.

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Latin America’s Lost Growth: Deindustrialization Deepens

Deindustrialization and recommodification have been setting Latin American economies back for decades. Can a push for greater productivity put them on track again?

In the 10 years from 2014 to 2023, Latin America’s aggregate economy managed to quietly reach depths unknown even during the dismal Lost Decade that followed the onset of the region’s debt crisis in 1982. The recent period logged average annual growth rates of 0.9%, compared to 2% a year four decades ago, notes Marco Llinás, head of Production, Productivity and Management Division at the Economic Commission for Latin America and the Caribbean (ECLAC), a UN agency based in Santiago, Chile.

The Covid-19 pandemic made a dent, but two parallel trends contributed steadily throughout the period: deindustrialization and the recommodification of exports. Their origins predate 2014, and they can be observed across the region, with perhaps the exception of Mexico.

Future economic historians may wonder why nobody saw it coming, although contemporary analysts still disagree about the relative importance of the two elements. “The phenomenon of deindustrialization is not the same as recommodification,” says Llinás. “The two phenomena may or may not happen at the same time.”

Both continue to play out amid a confluence of factors: the decline and fall of globalization, China’s growing role in the region, and the Trump tariffs, to mention just a few. But how did it start?

Economists of all ideological stripes tend to agree on the steps that have traditionally facilitated the march from underdeveloped to developed. Nations begin with low value-added production and basic services. Then comes industrial development and the emergence of a working middle class. Ultimately, services prevail, often high-end ones fueled by technology. Think of South Korea. In the 1950s, it made headlines for battles in the Korean War over uninhabited strategic landmarks like Pork Chop Hill. Now, it is known as the home of Blackpink.

Until the debt crisis of the 1980s, Latin America seemed to be holding its own. Its aggregate growth rate was 5.2% per year (6.8% in powerhouse Brazil) from 1951 to 1980, ahead of the world (4.5%) and not much shy of Korea (7.5%) and Japan (7.9%), according to a 2004 paper by the Inter-American Development Bank. Using a narrow definition of manufactures, Brazil more than doubled the share of industrial exports in GDP from 10.8% in 1968 to 23% in 1973, fueled by industrial growth of 13.3% a year during that brief period known as the Brazilian Miracle.

From 1981 to 1993, saddled with the debt crisis and its aftershocks, the region stumbled behind with 1.7% annual growth while Korea continued to sprint ahead at 7.2%. As globalization began to help lift parts of the world out of poverty—albeit unequally—in the 1990s, Latin America mostly watched from the sidelines: either by choice, preferring relative isolation, or due to lack of competitiveness.

Premature Deindustrialization

“Premature deindustrialization” is the term economists use to describe a shift away from manufacturing before the economy in question has attained a robust level of industrial production. It happens at income levels lower than today’s richest nations have historically reached. The latter are sometimes called “post-industrial” societies, characterized by high-end, technologically enhanced service sectors.

Premature deindustrialization has also occurred in sub-Saharan Africa and parts of East Asia. But it’s especially striking in Latin America, given the very different trajectory its economies were on prior to the 1980s.

“Argentina’s manufacturing subsystem shows a clear shift toward low-tech employment, with an increasing dominance of low- and medium-low-tech industries, undermining the potential for higher-value-added manufacturing,” Martin Lábaj and Erika Majzlíková of the Bratislava University of Economics and Business write in a recent paper. Brazil “faces the most severe deindustrialization, characterized by a growing reliance on low-tech manufacturing and low-knowledge-intensive services, exacerbating its economic challenges.”

The contribution of manufacturing industries to Brazilian GDP fell from 36% in 1985 to just 11% in 2023, according to official statistics. “Why is it a problem?” Llinás asks. “Because industry has higher productivity and faster productivity growth. Plus, greater potential for expansion.”

Multiple factors cause premature deindustrialization, economists say: globalization; automation, stunting job growth; shrinking global demand for products.

They also point to a litany of “structural factors” that run from resource dependence to weak institutions; and policies that stunt investment such as high taxes, red tape, poor infrastructure, and cumbersome labor laws. “The country is very closed,” says Sérgio Goldman, a São Paulo-based corporate finance consultant, referring to his native Brazil.

Imports began to grow—from $60.4 billion in 1990 to $359.4 billion in 2000, according to World Bank statistics. A dominant traditional trade partner increased its exports of manufactured products to the region. Indeed, evidence of the political nature of Trump’s 50% tariff on Brazil included the fact that the US had a trade surplus with that country.

More recently, observers highlight closer trade ties with China and a subsequent influx of cheap manufactured goods, sometimes sending local producers reeling. “The auto parts sector in Colombia was really hurt by Chinese competition,” says William Maloney, chief economist for the Latin America and Caribbean region at the World Bank Group.

Given many countries’ history of protectionism, innovation is not top-ofmind among Latin American executives, according to Goldman. “My problem is with management,” he says. “Companies lack good managers.”

Whereas Japan parlayed its once abundant copper deposits into the establishment of leading global firms in the sector, Chile never seemed able to follow suit, Maloney notes: “In Chile, only a few firms are near the technological frontier.”

But is deindustrialization due primarily to “automation, trade, robots, or the China shock?” he asks. “It isn’t exactly clear.”

Recommodification

The second significant trend is “recommodification,” or the “reprimarization” of exports.

Thought to be emerging from commodity dependence during the last century, Latin America fell back on churning out greater volumes of raw materials during the commodity boom of the 2000s.

Driven by demand from China, but also India and other fast-growing economies, a 2000-2014 super cycle was followed by a second surge at the beginning of this decade. Each wave tends to leave export volumes at higher baselines; Brazilian soybean exports keep setting records, for example.

Commodities as a percentage of total exports in 2000 vs. 2020 jumped from 41.1% to 55.6% in Brazil, 63.1% to 83.2% in Chile, 55.6% to 65.1% in Colombia, and 73.2% to 85.3% in Peru, according to data provider Trading Economics.

Comparing 2024 to 2023, “agricultural products (11%) and mining and oil (11%) were the main contributors to growth in goods exports, while manufacturing exports remained stagnant,” ECLAC reports.

“Productivity Is Everything”

Pundits and policymakers are notoriously disputatious when it comes to Latin America; the region has dabbled for decades in everything from import substitution to the free market liberalism of the Milton Friedman-inspired Chicago Boys. Nowadays, however, they seem to be reaching a near consensus.

The post-2014 downturn “is in large part due to stagnant and even declining productivity,” posits Llinás. He adds, paraphrasing Nobel Prize-winning American economist Paul Krugman, “productivity isn’t everything, but in the long run it is everything.”

Four of the region’s leading economies—Brazil, Chile, Colombia, and Mexico—are implementing what Llinás calls “productive policies,” which he is careful to distinguish from old-school industrialization strategies. A common characteristic: the selection of a handful of priority sectors, industrial or not. These may include agriculture, mining, or services such as sustainable tourism.

The Brazilan program, for example, earmarked R$300 billion for credit, public purchases, regulatory reform, and infrastructure investments designed to benefit six sectors during the initial 2024-2026 period.

Investment in commodities also has its champions, especially given the potential for innovative spin-offs. Efforts to improve business practices in sectors such as mining and agribusiness can spur investments related to industrial processes and highend services, for example, say Llinás and Kieran Gartlan, a São Paulo-based managing partner of The Yield Lab Latam, a venture capital fund focused on agrifood and climate technology. Gartlan refers to large-scale farms such as Brazilian soybean producers as “open air factories” and points to start-up suppliers that are developing new technologies in fintech, drones, biotechnology, and beyond. His firm has mapped some 3,000 high tech start-ups in the Latin American agricultural sector.

But credit availability is proving a roadblock.

Private banks “don’t really have an appetitive” for farming, Gartlan notes; lacking the expertise to properly evaluate risk, “they put up big spreads that make [credit] expensive for farmers.” Many relatively large producers fail to invest in silos to store crops for sale when prices go up, for example. Instead, they live from harvest to harvest, paying off last season’s bills as the crop comes in.

The will to transform Latin America’s economy—much of it—in a more productive direction is there; the next step is for investors and lenders to buy in.

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Small States, Big Wins: Latin America’s Economic Turnaround

Some of Latin America’s smaller nations are stealing the limelight as US tariffs bring economic headwinds to the region.

Some of Latin America’s smaller states are flipping the script on their larger rivals. Guatemala, Jamaica, and Barbados have all received credit rating upgrades this year and their economies have been bolstered by strong remittance growth and stable labor markets. Meanwhile, traditional stalwarts Brazil, Colombia, and Mexico grapple with uncertainty.

Brazil faces the twin threats of 50% tariffs, courtesy of US President Donald Trump, and the ongoing trial of former President Jair Bolsonaro, which has caught the attention of his friend in Washington. This has the potential to cause further difficulties for incumbent president Luiz Inácio Lula da Silva, but at the same time could revive his stuttering campaign for re-election.

In Colombia, a series of reforms aimed at boosting the rural economy has locked President Gustavo Petro in a series of battles. Attempts to force through reforms that would affect rural areas, including redistributing 570,000 hectares of land and recovering occupied areas linked to paramilitary leaders has seen Petro fight with Colombia’s congress, mayors and even infighting in his own party. Most recently this has been with mayors over a trip to Washington to discuss the war on drugs, with Petro arguing the group of local officials could not represent the country.

Mexico looks to narrowly avoid recession in 2025 as the World Bank estimates 0.2% growth for the year. President Claudia Sheinbaum has taken a conciliatory approach in dealings with the mercurial Trump, giving her government more time to sort out domestic issues including Pemex’s debt restructuring and reform of the judicial sector.

Tod Martinez
Todd Martinez, senior director and cohead of the Americas for Fitch Ratings

All this leaves some observers viewing the glass as half full, at least.

“Though we’ve revised down our projections for US growth quite a bit since the start of the year, our projection for Latin America has stayed stable,” says Todd Martinez, senior director and cohead of the Americas for Fitch Ratings’ sovereigns group. “That’s noteworthy, and signals that we’ve come a long way from the ‘When the US sneezes, Latin America catches a cold’ thesis that used to prevail in economic analysis of the region.”

Latin America is not homogenous, Martinez points out. Brazil and Mexico’s economies are slowing down after years of quality growth, with forecasts pointing downward for Mexico in particular. This has given a set of countries whose sovereign debt is categorized as “low-beta credit with defensive qualities,” by Wall Street experts including Barbados, Bahamas, Guatemala, Jamaica, and Paraguay, a chance to shine.

The catalyst is the mixture of a weakening US dollar and commodity prices that remain high, especially for metals. Remittances to the region, especially the Northern Triangle of El Salvador, Guatemala, and Honduras, have shown growth up to 20%. Combined with methods that Latin American central banks honed during the pandemic to keep inflation under control and labor markets resilient, Latin American sovereign debt is being viewed positively.

Upgrades For Outliers

Guatemala was confirmed as BB by Fitch in February with its Long-Term Issuer Default Rating (IDR) Outlook improving from stable to positive and by Standard & Poor’s to BB+ in May. The state’s debt to GDP ratio has traditionally been small for the region, a result of its having not missed repayments since the 1980s combined with a lack of political will to take on too much debt. Debt to GDP this year is 28%, having averaged 27% from 2014 to 2024. But Guatemala’s tax-to- GDP ratio is also one of the lowest in the region; in 2022, tax revenues were just 14.4% of GDP against a Latin American and Caribbean average of 21.5%.

The largest economy in Central America, Guatemala is currently attempting to pass its biggest-ever budget, 163.78 billion quetzals ($21.36 billion). Having passed a Competition Law last November after decades of trying, the government is going big on infrastructure projects. These include a planned metro for the capital and upgrading its ports and the main La Aurora airport in Guatemala City.

In the Caribbean, Barbados remains a moderate risk for investors according to Wall Street analysts interviewed for this piece, but with a significant reduction in its debt-to-GDP burden—down to 77% from a peak in 2018 of 158%—and signs of economic recovery. These include projected 2.7% growth for this year, according to the Barbados Central Bank, with unemployment at its lowest in recent history. The recovery is in part down to innovative use of tools such as the first debt-for-climate-resilience swap, which raised $125 million last December, following a trend of swapping high-interest debt for more sustainable issues.

Moody’s revised its rating outlook upward for the Bahamas in April from stable to positive, and the same month, Fitch announced a BB- with stable outlook, complimenting the islands’ high GDP per capita and fiscal consolidation. The government’s budget deficit declined to 1.3% of GDP in the fiscal year that ended in June, from 3.7% in fiscal year 2022-23. The primary surplus hit 2.9% in the following fiscal year, its highest level in 25 years. The new global minimum tax could add another 1% to the country’s GDP according to Fitch, although Washington’s declaration that it would pull out of the minimum tax accord has thrown the project into doubt.

Jamaica maintains a BB- rating with a positive outlook following Fitch’s review in February. Analysts argue that if Jamaica were to sell sovereign debt, it would benefit from having demonstrated fiscal discipline under multilateral programs—a contrast to the Dominican Republic, which, despite decades of strong GDP growth, has not shown the same record of controlling its finances.

Back in Latin America, Paraguay has leveraged capital market reforms to attract foreign investment. In December, the Central Bank of Paraguay changed its rules for the issuance, custody, and trading of public debt securities, including allowing foreign investors to buy bonds through global custodian banks. Coupled with expanding foreign exchange and hedging transactions for foreign investors, the change pushed the state’s sovereign debt to investment grade. Foreign funds had already increased investment in guarani-denominated government bonds from 1.7% in 2023 to 5% in 2024 due to Central Bank reforms enacted with World Bank assistance.

Due Diligence A Must

Why the divergence between ratings for the region’s larger and smaller, frontier economies?

“It’s difficult to identify a single reason,” says Martinez, “but broadly speaking, it seems that these frontier markets either seem to be demonstrating stronger growth rates or tighter fiscal positions than their larger neighbors have been capable of.”

Whether the trend continues, he warns, Latin America has shown less inclination to drive ambitious reforms than have emerging markets in Asia and Europe. Yet, investors are increasingly interested in local currency debt in Latin America, suggesting growing confidence in the region at the expense of the US dollar.

Rich Fogarty
Rich Fogarty, head of the Disputes and Investigations Practice for Latin America at S-RM

If some countries are outperforming expectations, there are always some losers. An ongoing US Treasury Department investigation into Mexican financial institutions CIBanco, Intercam, and Vector has refocused the regional banking system on compliance with the Foreign Corrupt Practices Act (FCPA). After a brief state intervention, Banco Multiva acquired CIBanco’s assets in August; the same month, Kapital Bank bought Intercam Banco, pledging to invest $100 million in it. This comes at a sensitive time for Kapital, which is looking for investors at a proposed valuation of $1.4 billion.

Rich Fogarty, head of the Disputes and Investigations Practice for Latin America at consultancy S-RM, says, “Compliance is an afterthought most of the time. There will be all sorts of risks with digital assets and digital banking, especially with cartel and TCO [transnational criminal organization] issues.”

Digital banking is of particular concern to Mexico, since it has seen a spurt of foreign fintechs attempt to break into its market in the past five years. Brazil’s Nubank now boasts over 12 million customers in Mexico alone and will soon be joined by Argentina’s Mercado Pago. A mixture of lax oversight, volume of entrants, ongoing investigations and diverse financial backgrounds has Fogarty concerned.

Both established economies in the region and those with significant room for development face a common challenge, however, Fogarty notes: US policy highlighted by potentially explosive antinarcotic action, a remittance tax, and tariffs that will affect commodity prices.

“There are tremendous opportunities independent of any of the political crosswinds or regulatory questions. Argentina, Panama, Brazil, and Mexico are real opportunities,” he says. But “given the increased scrutiny by this US administration on the region, which may be more transactional in nature, CEOs need to not just be doing due diligence, but going above and beyond. If they don’t, there are some potentially serious repercussions.”

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Commentary: As Trump blows up supposed narco boats, he uses an old, corrupt playbook on Latin America

Consumer confidence is dropping. The national debt is $38 trillion and climbing like the yodeling mountain climber in that “The Price is Right” game. Donald Trump’s approval ratings are falling and the U.S. is getting more and more restless as 2025 comes to a close.

What’s a wannabe strongman to do to prop up his regime?

Attack Latin America, of course!

U.S. war planes have bombed small ships in international waters off the coast of Venezuela and Colombia since September with extrajudicial zeal. The Trump administration has claimed those vessels were packed with drugs manned by “narco-terrorists” and have released videos for each of the 10 boats-and-counting it has incinerated to make the actions seem as normal as a mission in “Call of Duty.”

“Narco-terrorists intending to bring poison to our shores, will find no safe harbor anywhere in our hemisphere,” Defense Secretary Pete Hegseth posted on social media and who just ordered an aircraft carrier currently stationed in the Mediterranean to set up shop in the Caribbean. It’ll meet up with 10,000 troops stationed there as part of one of the area’s biggest U.S. deployments in decades, all in the name of stopping a drug epidemic that has ravaged red America for the past quarter century.

This week, Trump authorized covert CIA actions in Venezuela and revealed he wants to launch strikes against land targets where his people say Latin American cartels operate. Who cares whether the host countries will give permission? Who cares about American laws that state only Congress — not the president — can declare war against our enemies?

It’s Latin America, after all.

The military buildup, bombing and threat of more in the name of liberty is one of the oldest moves in the American foreign policy playbook. For more than two centuries, the United States has treated Latin America as its personal piñata, bashing it silly for goods and not caring about the ugly aftermath.

“It is known to all that we derive [our blessings] from the excellence of our institutions,” James Monroe concluded in the 1823 speech that set forth what became known as the Monroe Doctrine, which essentially told the rest of the world to leave the Western Hemisphere to us. “Ought we not, then, to adopt every measure which may be necessary to perpetuate them?”

Our 19th century wars of expansion, official and not, won us territories where Latin Americans lived — Panamanians, Puerto Ricans, but especially Mexicans — that we ended up treating as little better than serfs. We have occupied nations for years and imposed sanctions on others. We have propped up puppets and despots and taken down democratically elected governments with the regularity of the seasons.

The culmination of all these actions were the mass migrations from Latin America that forever altered the demographics of the United States. And when those people — like my parents — came here, they were immediately subjected to a racism hard-wired into the American psyche, which then justified a Latin American foreign policy bent on domination, not friendship.

Nothing rallies this country historically like sticking it to Latinos, whether in their ancestral countries or here. We’re this country’s perpetual scapegoats and eternal invaders, with harming gringos — whether by stealing their jobs, moving into their neighborhoods, marrying their daughters or smuggling drugs — supposedly the only thing on our mind.

That’s why when Trump ran on an isolationist platform last year, he never meant the region — of course not. The border between the U.S. and Latin America has never been the fence that divides the U.S. from Mexico or our shores. It’s wherever the hell we say it is.

Colombian President Gustavo Petro Urrego

Colombian President Gustavo Petro Urrego addresses the 80th session of the United Nations General Assembly on Sept. 23 at U.N. headquarters.

(Pamela Smith / Associated Press)

That’s why the Trump administration is banking on the idea that it can get away with its boat bombings and is salivating to escalate. To them, the 43 people American missile strikes have slaughtered on the open sea so far aren’t humans — and anyone who might have an iota of sympathy or doubt deserves aggression as well.

That’s why when Colombian President Gustavo Petro accused the U.S. of murder because one of the strikes killed a Colombian fisherman with no ties to cartels, Trump went on social media to lambaste Petro’s “fresh mouth,” accuse him of being a “drug leader” and warn the head of a longtime American ally he “better close up these killing fields [cartel bases] immediately, or the United States will close them up for him, and it won’t be done nicely.”

The only person who can turn down the proverbial temperature on this issue is Secretary of State Marco Rubio, who should know all the bad that American imperialism has wrought on Latin America. The U.S. treated his parents’ homeland of Cuba like a playground for decades, propping up one dictator after another until Cubans revolted and Fidel Castro took power. A decades-long embargo that Trump tightened upon assuming office the second time has done nothing to free the Cuban people and instead made things worse.

Instead, Rubio is the instigator. He’s pushing for regime change in Venezuela, chumming it up with self-proclaimed “world’s coolest dictator” Nayib Bukele of El Salvador and cheering on Trump’s missile attacks.

“Bottom line, these are drug boats,” Rubio told reporters recently with Trump by his side. “If people want to stop seeing drug boats blow up, stop sending drugs to the United States.”

You might ask: Who cares? Cartels are bad, drugs are bad, aren’t they? Of course. But every American should oppose every time a suspected drug boat launching from Latin America is destroyed with no questions asked and no proof offered. Because every time Trump violates yet another law or norm in the name of defending the U.S. and no one stops him, democracy erodes just a little bit more.

This is a president, after all, who seems to dream of treating his enemies, including American cities, like drug boats.

Few will care, alas. It’s Latin America, after all.

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Dodger pitcher Roki Sasaki’s walkout music, “Báilalo Rocky,” is the Latin hit of the fall

So far this postseason, whenever Dodgers fans heard “Báilalo Rocky” ring through the loudspeakers, that meant two things were coming — pitcher Roki Sasaki was about to throw some vicious splitters in relief, and a Dodgers win was likely just a few outs away.

Sasaki’s walkout music has taken on a life of its own, in part because of the only-in-L.A. culture clash that has a sensational Japanese pitcher embracing a Latin club hit as he dominates the postseason. It’s helped cement Sasaki’s appeal among the Latino Dodgers faithful, and given the song a huge global boost as the Dodgers prepare for the start of World Series today.

Here’s a primer on how Sasaki found his hype track, and how it’s become the breakout hit of L.A. this fall.

So who wrote “Báilalo Rocky?”

The version of the song Sasaki walks out to is by Dj Roderick and Dj Jose Gonzalez and vocalist Ariadne Arana (there’s another popular version by Arana, the Dominican MC Yoan Retro and GMBeats Degranalo).

The song is a super-infectious and chantable dembow-house track, and its Spanish hook — “¡Báilalo, Rocky! / Ta, ta, ta, ta / Suéltale, suéltale” — is an invitation for a guy to dance and cut loose. But here, it’s directed at the young phenom Sasaki to bedevil hitters when he comes out in relief. The way Arana pronounces the hook makes it sound like she’s singing right at the Dodgers’ Roki.

That’s a left-field choice for a 23-year-old pitcher from Japan in his first year in L.A.. How did Sasaki discover it?

Dodgers veteran second baseman Miguel Rojas turned him onto the song during spring training this year, where it became a dugout favorite. (The whole dugout is known to pound on the railing when the track comes on.) Sasaki started using it in April, before a four-month recovery from a right shoulder impingement.

The theme song “was actually MiggyRo’s idea,” Sasaki said to press in Japanese last week. “I’m really happy the fans are enjoying it.”

There’s a delightful incongruity to the modest, laser-focused young Japanese pitcher walking out to a lascivious Latin club banger. But as Sasaki has rebounded from an injury-plagued midseason to become the Dodgers’ lights-out reliever in the postseason, ”It’s been special,” Rojas told press last week. “I feel like it just fits him really well.”

For her part, Arana loves the song’s new life as a hit Dodger theme. “The Dodgers are my team,” she’s said.

Has Sasaki’s blessing boosted the track?

Definitely. The song was already popular in Latin music circles, and it’s become a go-to cover and source material for Latin artists like corridos tumbados singer Tito Doble P and Lomiiel. Even other athletes, like Spanish soccer superstar Lamine Yamal, have gotten in on the track as a meme. It’s racked up tens of millions in Spotify and YouTube plays, where nearly every comment is now Sasaki-related.

But naturally, the only place to really hear it is under a cotton candy sky in Elysian Park.

Has it helped Sasaki’s pitching?

In September, Sasaki was pitching for triple-A Oklahoma City and seemed unlikely to win a roster spot back in L.A. anytime soon. Two months later, however, after clutch saves and eye-popping velocity against the Reds, Phillies and Brewers en route to the World Series, he’s having “One of the great all-time appearances out of the ‘pen that I can remember,” as Dodgers manager Dave Roberts called it.

Sasaki’s not the only Dodger with an unexpected Latin walkout track — last year’s World Series hero Freddie Freeman takes the plate to Dayvi and Victor Cardenas’ “Baila Conmigo (ft. Kelly Ruiz).”

But if the Dodgers take home the title thanks to clutch Sasaki saves, Rojas hopes for a full “Báilalo Roki” edit. “I think he deserves a video and the lights go down and all that stuff,” Rojas told MLB.com. “I think that’s the next step for him.”



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U.S. sanctions Colombia’s president in an escalation of tensions in Latin America

The United States slapped sanctions on Colombian President Gustavo Petro on Friday and said it was sending a massive aircraft carrier to the waters off South America, a new escalation of what the White House has described as a war against drug traffickers in the region. Also Friday, the U.S. military conducted its 10th strike on a suspected drug-running boat, killing six people in the Caribbean Sea.

The Treasury Department said it was sanctioning Petro, his wife, his son and a political associate for failing to stop the flow of cocaine to the United States, noting that cocaine production in Colombia has risen in recent years. U.S. Treasury Secretary Scott Bessent accused Petro of “poisoning Americans.”

Petro denied those claims in a statement on X, saying he has fought to combat drug trafficking for decades. He said it was “quite a paradox” to be sanctioned by a country with high rates of cocaine consumption.

The sanctions put Petro in the same category as the leaders of Russia and North Korea and limit his ability to travel to the United States. They mark a new low for relations between Colombia and the United States, which until recently were strong allies, sharing military intelligence, a robust trade relationship and a multibillion-dollar fight against drug trafficking.

Elizabeth Dickinson, a senior analyst for the Andes region at the International Crisis Group, a think tank, said that while Petro and the U.S. government have had disagreements over how to tackle trafficking — with the Americans more interested in eradicating coca fields and Colombians focused on cocaine seizures — the two countries have been working for decades toward the same goal.

“To suggest that Colombia is not trying is false and disingenuous,” Dickinson said. “If the U.S. has a partner in counternarcotics in Latin America, it’s Colombia. Colombian forces have been working hand in hand with the Americans for literally four decades. They are the best, most capable and frankly most willing partner the U.S. has in the region.

“If the U.S. were to cut this relationship, it would really be the U.S. shooting themselves in the foot.”

Many viewed the sanctions as punishment for Petro’s criticism of Trump. In recent days, Petro has accused the U.S. of murder, saying American strikes on alleged drug boats lack legal justification and have killed civilians. He has also accused the U.S. of building up its military in South America in an attempt to topple Venezuelan President Nicolás Maduro.

The quickened pace of U.S. airstrikes in the region and the unusually large buildup of military force in the Caribbean Sea have fueled those speculations.

On Friday, a Pentagon official said the U.S. ordered the USS Gerald R. Ford and its strike group to deploy to U.S. Southern Command to “bolster U.S. capacity to detect, monitor, and disrupt illicit actors and activities that compromise the safety and prosperity of the United States.”

The USS Ford is currently deployed to the Mediterranean Sea along with three destroyers. It would probably take several days for the ships to make the journey to South America.

The White House has increasingly drawn a direct comparison between the war on terrorism that the U.S. declared after the Sept. 11, 2001, attacks and the Trump administration’s crackdown on drug traffickers.

Trump this month declared drug cartels to be unlawful combatants and said the U.S. was in an “armed conflict” with them, relying on the same legal authority used by the Bush administration after 9/11.

When reporters asked Trump on Thursday whether he would request that Congress issue a declaration of war against the cartels, he said that wasn’t the plan.

“I think we’re just going to kill people that are bringing drugs into our country, OK? We’re going to kill them, you know? They’re going to be like, dead,” Trump said during a roundtable at the White House with Homeland Security officials.

The Associated Press contributed to this report.

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Ela Minus talks new album ‘Día,’ Latin Grammy nomination

Every night before going to bed, Ela Minus shuts off her phone.

Oftentimes, the Colombian artist-producer won’t even turn it back on until the following afternoon. One day, in mid-September, when Minus logged on, she received an unexpected flurry of messages from both close friends and people she hadn’t spoken to in years. Each notification was congratulatory, but Minus had no idea what had transpired the night before.

It turns out the Latin Grammy nominations had been announced — and her song “QQQQ,” off her 2025 sophomore album, “Día,” was nominated for Latin electronic music performance.

“I was very confused. Nobody said what was going on in their messages. They were just telling me congratulations,” says Minus, who laughs about the moment over our Zoom call. She dialed in from Mexico City, a few hours before catching a flight to Italy to kick off a new leg of her “Día” tour.

“As soon as I figured out that I was nominated, I turned my phone off again. I needed a second to myself. To be completely honest, it was not even a little bit in my radar. I didn’t even know we submitted anything.”

Since its release last January, “Día” has left lasting impressions on critics and fans alike. In 10 synth-powered tracks, Minus channels her fluctuating emotional state as she navigated a period of reckoning — characterized by a life almost entirely lived in airplanes, hotel rooms and foreign studios — through ominous synthesizer chords and blasts of vigorous dance beats.

Much like her music, her path to Latin Grammy-worthy acclaim has been anything but linear.

“It’s not like I started singing on television, and now I’m at the Latin Grammys. It’s been an interesting path of continuous surprises and unexpected turns,” says Minus. “Not to praise myself, but every time I’ve taken an unexpected turn or been presented with it, something amazing comes out of it.”

Ela Minus stands in all white in an all white setting.

“Every time I’m in L.A. for a longer period of time, I feel like I retire into myself more. Staying downtown too, felt very aggressive, yet familiar to me,” says Minus, of how L.A. influenced her latest record.

(Alvaro Ariso)

Minus was born as Gabriela Jimeno Caldas, in Bogotá, Colombia. She got her start in music as a drummer in a local punk band called Ratón Pérez, which she joined at the age of 12. Her percussion skills led to her leaving Colombia to attend the Berklee College of Music, where she double majored in jazz drumming and music synthesis. At school, she was introduced to hardware and software synths, and continued to explore her drumming abilities by experimenting with electronica.

After working as a touring drummer and helping design synth software, Minus’ solo career started to take off with the release of her 2020 debut album, “acts of rebellion.” She created the entire project by herself, from the depths of her at-home studio in Brooklyn. Composed of icy club beats and steadfast synthetics, she describes the album as “sonically concise,” in that she intentionally used limited instrumentation.

When approaching her 2025 follow-up record, she says that she yearned to pick up new instruments, switch up the process and hopefully end up with an entirely different result.

In a sudden turn of events, her rent in New York quadrupled because of COVID-19 inflation rates, and she had to leave the city. She says her life quickly became a “mess.” But her next steps were clear as ever — instead of settling into a new apartment, she took on a nomadic lifestyle, with making new music as her only goal.

“I wanted to start and finish a record in the moment, while all of this is happening, and when I’m feeling this way,” says Minus, who says she was feeling a self-imposed artistic pressure. “I figured I could postpone my personal life out of wanting to make this record.”

Over the course of six months, she hopped from city to city, living out of her suitcase and renting recording studios. She ended up in places like London, Mexico City and Seattle. The repetitious process of packing up and settling into new places allowed her to easily decipher which tracks she wanted to keep pushing and which ones she would leave behind.

Along her journey, she lived in downtown Los Angeles for a short period of time. She says she finds the city to be a bit “alienating” with a “uniquely heavy” energy. To her luck, the city’s ethos aligned with the sonic soundscape she was building out in “Día.”

“Every time I’m in L.A. for a longer period of time, I feel like I retire into myself more. Staying downtown too, felt very aggressive, yet familiar to me,” says Minus, who noted the lack of people walking, the amount of traffic in the streets and the boundless nature of Los Angeles.

The album began at a low point in Minus’ life, where she seems to be going through an identity crisis. Over spacey sirens and an accumulating bass line, on “Broken,” she admits to being “a fool / acting all cool” and being on her knees, without a sense of faith. Throughout the first several tracks, she confronts her inner monologue through candid lyrics, offering herself a reality check.

“Producing beats with really low bass lines feels comfortable to me. It makes me want to open up naturally to get to the point of writing lyrics and singing. When the production is more sparse, like with a guitar, it’s harder to write more vulnerably. It feels kinda cheesy,” says Minus.

“In myself, there’s this constant cohabitation of dark and light and aggressive and sweet sounds,” she continues. So when vulnerable feelings come out, the really hardcore, distorted sounds follow.”

Songs like “Idk” and “Abrir Monte” simulate the experience of being submerged as a muffled, yet pounding bass line takes charge. Other times, as in “Idols,” Minus’ dissected blend of club pop and dark ambient sounds lends a grimy, industrial feel to her mechanical melodies. She captures the commonplace (yet cathartic) experience of losing yourself in a sweaty mass of limbs on a dance floor.

The Latin Grammy-nominated track “QQQQ” marks a turning point in the album. It was a song she wrote in a matter of hours to depict her own mindset change. “I was very aware that [for] the first half of the record, there was a lot of tension. I just needed a moment of release for this [album] to land fully. I needed a moment of uncontrollable sobbing on the dance floor.”

The album ends with her resolving to confront her struggles with self-acceptance, with the frankly written “I Want To Be Better” — which escalates with the feverish punk pulse of “Onwards.”

To her, the album is equal parts apocalyptic and hopeful, reflecting both the chaos of the outside world and her newfound inner peace. Since making the record and performing it frequently, she says she’s internalized the lessons she learned along the way. “When you’re going through something, sometimes the only thing you can trust is time. Your perspective will change, maybe for better or for worse.

“Time heals,” adds Minus. “That’s something I learned for sure.”

Ela Minus will be headlining at the Echoplex in Echo Park on Oct. 29.

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54 Ultra is bringing his time-traveling Latin soul to Los Angeles

If you watched 54 Ultra’s music video for “Upside Down” and came away thinking it was a relic from 1980s music programs like “Solid Gold” or “Night Tracks” — you’d be forgiven for making the assumption.

Aside from the 25-year-old’s vintage wardrobe, hairstyle, and ‘stache that harks to that decade, the song itself — a silky, boppy ballad that channels the energy of groups like the Chi-Lites or solo acts like Johnnie Taylor — sounds and feels ripped from the era in a manner that’s hard to faithfully re-create these days.

That old-school vibe isn’t exactly how 54 Ultra started off when he began putting out solo music three years ago, but it’s what he’s settled into nowadays. The artist, whose real name is JohnAnthony Rodríguez (and yes, his name is supposed to be written together), hails from New Jersey and is of Puerto Rican and Dominican descent.

The name he settled on, 54 Ultra, came by way of uniting Frank Ocean’s 2011 album “Nostalgia, Ultra” and the historic nightclub Studio 54. It was sometime between 2019 and 2020 that he interned at a few different recording studios, songwriting in his spare time with the intention of writing and producing music for others.

“I remember I was trying to find a way to make a living out of music and introduce myself to other artists,” he says over the phone, recalling all the demos he had recorded and presented to artists he’d cross paths with.

“People would be like ‘Who’s singing this? Who demo’ed this?’ And I’d say ‘It was me.’ And then they’d say, ‘You keep it.’ After that [happened] a couple of times I realized that I might as well put it out by myself.”

His first solo singles, like the high-energy “What Do I Know (Call Me Baby)” and “Sierra,” were firmly rooted in the indie rock family tree. It wasn’t until more recently, first with “Where Are You” and later “Heaven Knows,” that Rodríguez began to explore a more retro and soulful approach.

The latter track made an appearance in a 2024 “rhythm and soul” playlist curated by Mistah Cee, an Australian DJ and music selector, who included the song between Bobby Caldwell’s “My Flame” and Earth, Wind & Fire’s “Devotion.” The segues between tracks are seamless, in no small part due to Rodríguez’s immaculate production and fealty to the tempo of the times. His was the only contemporary track on the playlist, but it fooled many who eventually caught on to the rest of his work.

“On YouTube, I remember that was a nice boost, because people would comment, ‘Who came from Mistah Cee?’ Or, ‘Who thought this was an oldie?’ or whatnot,” he says.

To date, it’s not only Mistah Cee’s most viewed playlist by a wide margin (5.6 million and counting) but also 54 Ultra’s most-streamed song on Spotify with 27 million. “That was a very organic wave of things happening, and I’m very grateful for that also because I didn’t expect [it] at all,” says Rodríguez.

Latin soul, of the kind that recalls the doo-wop and boogaloo era of the 1950s and ‘60s, has seen a resurgence in the past few years. Artists like Chicano Batman, Thee Sinseers, Los Yesterdays and the Altons, as well as solo acts like Jason Joshua and Adrian Quesada, have made inroads with listeners and on the radio. Rodríguez is enthusiastic about this opportunity to show different facets of Latin culture and music through this genre.

“I just feel like I’m grateful to be a part of that family, or that idea that people relate all the music together and being a part of that scene is pretty nice,” he says.

Despite his Gen Z status, he notably lacks the “smartphone face” that’s rampant among pop artists and celebrities — and is partial to dressing in an anachronistic way, which he pulls off with gusto. It might be easy to assume his regular getup is a result of wanting to match the music, but Rodriguez insists he was already dressing that way much before he ever considered dabbling in soul. There is a kind of freedom he associates with the wardrobe of that time.

“[The clothes] were never a costume or a gimmick,” he says. “Whether I did music or not, I enjoyed how it fits because that [period] just has the best clothes. I think that was peak menswear. No one cared about any type of gender assignment with clothing; everybody wore what they wanted, and all the measurements were the same … it seemed like everybody had fun back then. They weren’t worried so much about what people thought.”

54 Ultra leans back on a couch with a hand on his chin

“[The clothes] were never a costume or a gimmick,” says 54 Ultra of his vintage style.

(Max Tardio)

He shouts out Blood Orange, a.k.a. artist-composer Dev Hynes, as a major inspiration for him. “That’s my favorite guy,” he says. But at the same time, he offers an eclectic list of artists whose music lights fires for his own output; Brazilian musicians like Jorge Ben Jor, Lô Borges and Evinha have made his rotation, along with some moody ‘80s bands like the Smiths, the Cure and Siouxsie and the Banshees.

“And Prefab Sprout,” he adds excitedly. “That’s my jam. That stuff’s crazy.”

His reputation has grown this past year, putting him in rooms he never expected to be invited to. Earlier this year he found himself producing the song “All I Can Say” for Kali Uchis, off her 2025 album, “Sincerely,” and recently opened for her during a concert stop in San José.

Earlier this month, he kicked off a world tour promoting his latest EP, “First Works,” that will take him from D.C. and Brooklyn to London and Paris. The schedule includes multiple stops in California, including two in Los Angeles: Oct. 26 at the Roxy Theatre and Oct. 28 at the Echoplex.

For Rodríguez, a tour like this is the culmination of everything he’s worked toward in his admittedly still nascent but steadily growing career. He confirms that he’s been chipping away at a debut LP, which will brandish a more “fast and punchy” rock sound that recall his days playing basement shows.

“Anytime anybody asked me what I wanted to do, I would say: ‘I want to perform anywhere I can and for anybody, wherever that may be.’ I’ve always wanted things to resonate, and I’ve always wanted it to make sense.”

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Latin Grammys 2025: Pepe Aguilar, Gloria Estefan, DannyLux and Ivan Cornejo to perform

The Latin Recording Academy unveiled the first slate of performers for the 26th annual Latin Grammy Awards, which will take place at the MGM Grand Garden Arena in Las Vegas on Nov. 13.

Among the artists announced were música Mexicana acts Carín León, Pepe Aguilar and Los Tigres del Norte; sad sierreño singer-songwriters Ivan Cornejo and DannyLux; Latin pop icon Gloria Estefan, and Colombian rock band Morat.

“Happy to be at the biggest Latin music festival! Even more so because it features music from my Mexico. Long live Mariachi!” Aguilar told The Times. His latest project, “Mi Suerte Es Ser Mexicano,” is nominated for ranchero/mariachi album.

“Very honored to be part of this musical celebration,” León wrote on Instagram. The 36-year-old singer nabbed three nominations, including for album of the year, contemporary Mexican music album for his LP “Palabra de To’s (Seca),” as well as regional song for “Si Tú Me Vieras,” which features Maluma. León will make history next year by being the first Latin music act to perform at the Sphere in Las Vegas. The one-of-a-kind venue features a 16K resolution wraparound LED screen.

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“It’s crazy to even say that I’m performing at the Latin Grammys. I think of my parents, all their struggles, and how far we’ve come,” DannyLux shared in a statement. “This isn’t just my moment. It’s for every kid who grew up watching their parents fight for a better life.”

The 21-year-old Coachella Valley native celebrated his second Latin Grammy nomination (“Leyenda” is up for contemporary Mexican music album) by unveiling a billboard on Sunset Boulevard that paid tribute to his parents.

Spanish singer Raphael, who will receive the 2025 Person of the Year award, is also expected to grace the stage. The honoree’s career spans six decades, first wowing crowds during Eurovision Song contests in 1966 and 1967, where he gained recognition for his love-struck ballads “Yo Soy Aquél” and “Hablemos del Amor,” respectively.



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Latin America’s electoral calendar to intensify in coming months

Citizens check for their polling station at a voting center in Entre Rios, Bolivia, on August 17 to elect a new government and parliament for the next five years. A presidential runoff is scheduled for October 19. File Photo by Jorge Abrego/EPA

Sept. 29 (UPI) — Starting in October, Latin America will enter a decisive period with an intense calendar of presidential elections in a climate marked by polarization, institutional fatigue and economic pressure.

In that context, right-wing and center-right candidates who promote order, fiscal discipline and pro-investment policies appear to be gaining traction and could prevail or lead in first-round votes.

Still, the region remains volatile and cyclical — where the right governs without solving security or economic problems, voters may shift back to the center or left in the next cycle.

“The outcome of these elections will not only define the direction of each country’s economic and social policy, but also the region’s democratic stability and, most importantly, its international alignment, because the region is at a crossroads: whether it ultimately turns toward China or maintains its historic commitments with the United States,” said Guido Larson, an international analyst at the Universidad del Desarrollo in Chile.

Roberto Reyes, an analyst at the Universidad Gabriela Mistral in Chile, added: “The most likely scenario is that the region moves into a period of right-wing governments because of their message of fiscal discipline, security and economic pragmatism. These themes resonate strongly with voters tired of recurring crises.”

But this shift brings the challenge of balancing economic adjustments with social protection. Without a credible plan to ease economic pressure, Reyes said, even new conservative administrations will face the same fatigue they are trying to overcome.

The Real Instituto Elcano think tank, in a June analysis, highlighted three common features of this electoral cycle: fragmented opposition and governing coalitions, extreme polarization and the rise of “Trumpist” and “Bukelist” rhetoric.

The report warned that these dynamics point to minority governments and divided legislatures, making it harder to push through structural reforms and potentially fueling further institutional instability.

Bolivia will open the elections calendar. The country is headed for a presidential runoff Oct. 19, with two right-wing candidates ending 20 years of leftist governments. Center-right candidate Rodrigo Paz Pereira and right-wing candidate Jorge “Tuto” Quiroga will face off after a first round marked by high turnout.

On Nov. 16, Chile will hold a presidential election marked by sharp polarization, with Communist Party candidate Jeanette Jara and far-right contender José Antonio Kast vying for the top spot in polls.

The country faces challenges with crime, migration and economic growth, making calls for order and security dominant in the campaign. In that context, a shift to the right appears highly likely.

Honduras will hold its presidential election Nov. 30. Two candidates are seen as the main contenders: Salvador Nasralla, a reformist center-right leader, and Rixi Moncada, representing the ruling left.

As the date approaches, voters face deep uncertainty. Six polling firms have released contradictory results, fueling misinformation and sowing doubts among the electorate.

Costa Rica will hold presidential elections Feb. 1. Two candidates are seen as the main contenders: Álvaro Ramos Chaves and Natalia Díaz Quintana. Ramos, an economist and former head of the Costa Rican Social Security Fund, is running on a moderate centrist platform.

Díaz, a former presidential minister under President Rodrigo Chaves, represents a liberal center-right vision with a strong technical and business-oriented message and is expected to benefit from Chaves’ high popularity.

Peru faces a presidential race marked by heavy fragmentation and voter apathy, with elections set for April 12 alongside a return to a bicameral Congress. The process will bring an oversized ballot due to the proliferation of nearly 40 parties and thousands of candidates.

So far, 117 presidential tickets have been registered, pending ratification by the National Jury of Elections.

Recent polls show three right-wing candidates leading voter preferences, though none has more than 10% support: Lima Mayor Rafael López Aliaga, Keiko Fujimori and Mario Vizcarra. A significant share of voters say they plan to cast blank ballots or void their votes.

Colombia will hold its presidential election May 31. The main contenders come from three ideological blocs: right, center and left.

María Fernanda Cabal, a senator from the Democratic Center party, represents the right, aligned with former President Álvaro Uribe, with a strong message on security and free markets.

Sergio Fajardo, former governor of Antioquia, is running as a moderate centrist with an emphasis on education and fighting corruption.

Gustavo Bolívar, a former senator and figure in the Historic Pact coalition, seeks to continue President Gustavo Petro’s progressive project.

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Pupusas and Punchlines comedy show gives Latin comics a space to connect

Inside L.A. restaurant Jaragua, on a recent Friday night, Justin Alexio moved with a measured urgency from the backroom to the front of the restaurant without disturbing anyone’s dinner. The comic, producer and creator of the Los Angeles-based comedy show, Pupusas and Punchlines, Alexio escorted guests to their tables, switched on the microphones placed around the room, and pointed a camera to the center stage before the show was to begin.

The dining area inside the Salvadoran restaurant is rather quiet for a Friday night; there’s a soccer game playing on TV as a family of six places an order for dinner. As people in the audience spread their curtido, or pickled cabbage and carrots, on their pupusas, others await for their food with anticipation, while some choose to stick to drinks. The room is filled with distractions, but comedians are not fazed — it is a welcoming atmosphere, and they know that soon the sounds of laughter will fill the air.

“I feel like eating is such a large part of Latin culture and most cultures,” Alexio said. “I wanted a place where you can eat Latin food and listen to Latin jokes.”

In the wake of the COVID-19 pandemic, independent comedy shows had almost become a thing of the past in L.A. Not to mention that finding gigs is a difficult task, especially for Latinx comedians; according to Alexio, most comedy rooms don’t want to book more than one Latinx comedian.

Pupusas and Punchlines offers a place where they can perform in front of a packed room and joke about the immigrant experience in the U.S. — and the absurdities of the American dream in 2025 — while sharing a delicious meal.

 Pupusas and Punchlines producer and creator Justin Alexio performs on March 7, 2025.

Pupusas and Punchlines producer and creator Justin Alexio performs on March 7, 2025.

(Drew Steres)

Alexio said he started the show in 2023, after he took a long break from stand-up comedy, to instead pursue acting full time. His résumé includes appearances on NBC’s comedy series “Superstore” and ABC’s late-night show “Jimmy Kimmel Live!

“The future of entertainment has to be more real,” he said of his decision to return to the stage. “Stand-up is live.”

The L.A. stand-up scene is quite competitive — especially for Alexio, who is an Afro-Latino of Puerto Rican, Dominican and Ecuadorian descent. As an answer to the marginalization of Black and brown people in mainstream comedy, Alexio said he decided to produce his own show, with hopes to highlight other Latinx performers as well.

Since then, he has expanded “Pupusas and Punchlines” immensely — from performing only once a month at half-capacity to selling out 115 consecutive weekly shows.

Alexio attributed the show’s success to the high-quality comedians he’s booked, as well as the food and the feeling of community it has created. People have told him they’ve driven more than an hour just for the show, while others have attended on multiple occasions.

“They want to support me and the show, they want to support the restaurant, they want to support the Latin comics … The crowd feels like they want to help these comics rise,” he said.

Patrons laugh during Pupusas and Punchlines on May 16, 2025.

Patrons laugh at Pupusas and Punchlines on May 16, 2025.

(Drew Steres)

The majority of the comics Alexio books are Latinx, but he also includes performers who belong to other underrepresented groups. He showcases upcoming comics while providing clips to help grow their social media presence. After performing on his show, he said, comics have noted an uptick of new followers on social media.

Onstage at Friday’s show, comics pulled humor from topics related to immigration, religion, salsa, sexuality and other typical first-generation immigrant dilemmas. Performers feel like they can discuss topics they usually can’t perform in front of a more general club audience.

“I think any ethnicity in an ethnic crowd always thrive,” said comic Gregory Santos. “Obviously you can be a white boy and do a really good job here. I feel like it’s just an extra layer of stuff that you can talk about.”

Daisy Roxx performs at Pupusas and Punchlines in March.

Daisy Roxx performs at Pupusas and Punchlines in March.

(Drew Steres)

Pupusas and Punchlines is one of the few shows that caters toward the Latinx community, said comedian Rell Battle, as he rattled off a list of shows that sadly don’t exist anymore.

“Ironically, in a majority Latin city, there aren’t [many] consistent Latin shows,” Battle said. He described Pupusas and Punchlines as a road show of sorts — scored by genuine laughter. The audience members feel more appreciative, compared to a run-of-the-mill comedy club in Hollywood that caters more to tourists.

“People that come out to shows in Hollywood will ask me to hold the camera and take a picture of them,” Battle joked.

The crowd at Pupusas and Punchlines is not one to dismiss or antagonize comics that are not Latinx. Yet audience members would gladly correct any comic who’d assume the restaurant was Mexican, or mispronounce the word “pupusas,” as Battle sheepishly recalled during his own set. At the end of the day, they usually bond with comics over what they share in common: the drive to make it in L.A.

“When the neighborhood shows up, those are the best shows,” said Santos, between sets at Jaragua. “It’s normal people, it’s everyday neighborhood L.A. people.”

For more information on upcoming events, visit Pupusas and Punchlines on Instagram.



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Bad Bunny leads 2025 Latin Grammy nominations

The 26th Annual Latin Grammy Awards, which are heading back to Las Vegas after a three-year hiatus, now have their nominees set in stone.

This year’s list of top nominees include Bad Bunny (12), Edgar Barrera (10), Ca7riel & Paco Amoroso (10), Rafa Arcaute (eight), Natalia Lafourcade (eight) and Federico Vindver (eight).

The awards show will be held Nov. 13 in Las Vegas’ MGM Grand Garden Arena, and broadcast live on Univision.

Bad Bunny’s 12 nominations this year will bring his total career nods to 52. With her eight nominations this year, Lafourcade looks to bolster her collection of 18 trophies from the awards show — the most wins for any female artist.

Nabbing eight more nominations, Edgar Barrera continues to pad his stats as the awards show’s most nominated person of all time with 72 nods, along with 24 wins. Spanish artist Alejandro Sanz received four nods this year, which brings his career total to 51.

November’s show will be the debut of the new Visual Media field and its new category, Music For Visual Media, which will honor scores for film and television. Also added to this year’s awards is the category for Best Roots Song.

Several notable first-time nominees — whom De Los has previously profiled — are up for some of the biggest awards of the night, including Fuerza Regida, Ca7riel & Paco Amoroso, Ivan Cornejo and Judeline.

Here’s the list of nominees in all general categories:

Record Of The Year

“Baile Inolvidable” — Bad Bunny

“DtMF” — Bad Bunny

“El Día Del Amigo” — Ca7riel & Paco Amoroso

“#Tetas” — Ca7riel & Paco Amoroso

“Desastres Fabulosos” — Jorge Drexler & Conociendo Rusia

“Lara” — Zoe Gotusso

“Si Antes Te Hubiera Conocido” — Karol G

“Cancionera” — Natalia Lafourcade

“Ao Teu Lado” — Liniker

“Palmeras En El Jardín” — Alejandro Sanz

Album Of The Year

“Cosa Nuestra” — Rauw Alejandro

Debí Tirar Más Fotos” — Bad Bunny

“Papota” — Ca7riel & Paco Amoroso

“Raíces” — Gloria Estefan

“Puñito De Yocahú” — Vicente García

“al romper la burbuja” — Joaquina

“Cancionera” — Natalia Lafourcade

“Palabra De To’s (Seca)” — Carín León

“Caju” — Liniker

“En Las Nubes – Con Mis Panas” — Elena Rose

“¿Y Ahora Qué?” — Alejandro Sanz

Song Of The Year

“Baile Inolvidable” — Marco Daniel Borrero, Antonio Caraballo, Kaled Elikai Rivera Cordova, Julio Gaston, Armando Josue Lopez, Jay Anthony Nuñez, Benito Antonio Martínez Ocasio and Roberto Jose Rosado Torres, songwriters (Bad Bunny)

“Bogotá” — Andres Cepeda, Mauricio Rengifo and Andres Torres, songwriters (Andrés Cepeda)

“Cancionera” — Natalia Lafourcade, songwriter (Natalia Lafourcade)

“DtMF” — Bad Bunny, Marco Daniel Borrero, Scott Dittrich, Benjamin Falik, Roberto José Rosado Torres, Hugo René Sención Sanabria and Tyler Spry, songwriters (Bad Bunny)

“El Día Del Amigo” — Rafa Arcaute, Gino Borri, Catriel Guerreiro, Ulises Guerriero, Amanda Ibanez, Vicente Jiménez and Federico Vindver, songwriters (Ca7riel & Paco Amoroso)

“Otra Noche De Llorar” — Mon Laferte, songwriter (Mon Laferte)

“Palmeras En El Jardín” — Manuel Lorente Freire, Luis Miguel Gómez Castaño, Elena Rose and Alejandro Sanz, songwriters (Alejandro Sanz)

“Si Antes Te Hubiera Conocido” — Edgar Barrera, Andres Jael Correa Rios and Karol G, songwriters (Karol G)

“#Tetas” — Rafa Arcaute, Gino Borri, Ca7riel, Gale, Ulises Guerriero, Vicente Jiménez and Federico Vindver, songwriters (Ca7riel & Paco Amoroso)

“Veludo Marrom” — Liniker, songwriter (Liniker)

Best New Artist

Alleh

Annasofia

Yerai Cortés

Juliane Gamboa

Camila Guevara

Isadora

Alex Luna

Paloma Morphy

Sued Nunes

Ruzzi

A full list of all the nominees in every category can be found here.

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U.S. designates 2 more gangs in Latin America as foreign terrorist groups

The United States is designating two Ecuadorean gangs as foreign terrorist organizations, marking the Trump administration’s latest step to target criminal cartels in Latin America.

Secretary of State Marco Rubio made the announcement Thursday while in Ecuador as part of a trip to Latin America overshadowed by an American military strike against a similarly designated gang, Venezuela’s Tren de Aragua. That attack has raised concerns in the region about what may follow as President Trump’s government pledges to step up military activity to combat drug trafficking and illegal migration.

“This time, we’re not just going to hunt for drug dealers in the little fast boats and say, ‘Let’s try to arrest them,’” Rubio told reporters in Quito, Ecuador’s capital. “No, the president has said he wants to wage war on these groups because they’ve been waging war on us for 30 years and no one has responded.”

Two more gangs designed as terrorist groups

Los Lobos and Los Choneros are Ecuadorean gangs blamed for much of the violence that began during the COVID-19 pandemic. The terrorist designation, Rubio said, brings “all sorts of options” for Washington to work in conjunction with the government of Ecuador to crack down on these groups.

That includes the ability to conduct targeted killings as well as take action against the properties and banking accounts in the U.S. of the group’s members and those with ties to the criminal organizations, Rubio said. He said the label also would help with intelligence sharing.

Los Choneros, Los Lobos and other similar groups are involved in contract killings, extortion operations and the movement and sale of drugs. Authorities have blamed them for the increased violence in the country as they fight over drug-trafficking routes to the Pacific and control of territory, including within prisons, where hundreds of inmates have been killed since 2021.

U.S. strike in the Caribbean takes center stage

The strike in the southern Caribbean has commanded attention on Rubio’s trip, which included a stop in Mexico on Wednesday.

U.S. officials say that the vessel’s cargo was intended for the U.S. and that the strike killed 11 people, but they have yet to explain how the military determined that those aboard were Tren de Aragua members.

Rubio said U.S. actions targeting cartels were being directed more toward Venezuela, and not Mexico.

“There’s no need to do that in many cases with friendly governments, because the friendly governments are going to help us,” Rubio told reporters. “They may do it themselves, and we’ll help them do it.”

A day earlier, Rubio justified the strike by saying that the boat posed an “immediate threat” to the U.S. and that Trump opted to “blow it up” rather than follow what had been standard procedure: to stop and board, arrest the crew and seize any contraband.

The strike drew a mixed reaction from leaders around Latin America, where the U.S. history of military intervention and gunboat diplomacy is still fresh. Many, such as officials in Mexico, were careful to not outright condemn the attack. They stressed the importance of protecting national sovereignty and warned that expanded U.S. military involvement might backfire.

Ecuador has struggled with drug trafficking

Ecuador has its own issues with narcotics trafficking.

President Daniel Noboa thanked Rubio for the U.S. efforts to “actually eliminate any terrorist threat.” Before their meeting, Rubio said on social media that the U.S. and Ecuador are “aligned as key partners on ending illegal immigration and combatting transnational crime and terrorism.”

The latest United Nations World Drug Report says various countries in South America, including Colombia, Ecuador and Peru, reported larger cocaine seizures in 2022 than in 2021. The report does not give Venezuela the outsize role that the White House has in recent months.

“I don’t care what the U.N. says. I don’t care,” Rubio said.

Violence has skyrocketed in Ecuador since the pandemic. Drug traffickers expanded operations and took advantage of the nation’s banana industry. Ecuador is the world’s largest exporter of the fruit, and traffickers find shipping containers filled with it to be the perfect vehicle to smuggle their contraband.

Cartels from Mexico, Colombia and the Balkans have settled in Ecuador because it uses the U.S. dollar and has weak laws and institutions, along with a network of long-established gangs, including Los Choneros and Los Lobos, that are eager for work.

Ecuador gained prominence in the global cocaine trade after political changes in Colombia last decade. Coca bush fields in Colombia have been moving closer to Ecuador’s border due to the breakup of criminal groups after the 2016 demobilization of the rebel group Revolutionary Armed Forces of Colombia, or FARC.

Ecuador in July extradited to the U.S. the leader of Los Choneros, José Adolfo Macías Villamar. He escaped from an Ecuadorean prison last year and was recaptured in June, two months after being indicted in New York on charges he imported thousands of pounds of cocaine into the U.S.

Lee, Cano and Martin write for the Associated Press. Lee and Cano reported from Mexico City. AP writer Adriana Gomez Licon in Fort Lauderdale, Fla., contributed to this report.

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Rubio will meet Mexico’s president as Trump flexes military might in Latin America

A day after President Trump dramatically stepped up his administration’s military role in the Caribbean with what he called a deadly strike on a Venezuelan drug cartel, Secretary of State Marco Rubio is meeting the president of Mexico, who has voiced fears of the U.S. encroaching on Mexican sovereignty.

Rubio will sit down with Mexican President Claudia Sheinbaum on Wednesday to stress the importance the U.S. places on cooperating with Washington on Western Hemisphere security, trade and migration. Rubio will visit Ecuador on Thursday on his third trip to Latin America since taking office.

Trump has alienated many in the region with persistent demands and threats of sweeping tariffs and massive sanctions for refusing to follow his lead, particularly on migration and the fight against drug cartels. Likely to heighten their concerns is the expanded military footprint. The U.S. has deployed warships to the Caribbean and elsewhere off Latin America, culminating in what the administration said Tuesday was a lethal strike on an alleged Tren de Aragua gang vessel that U.S. officials say was carrying narcotics.

“Please let this serve as notice to anybody even thinking about bringing drugs into the United States of America. BEWARE!” Trump said of the strike, which he said had killed 11 gang members.

Rubio, defending the strike, made clear that such operations would continue if needed. Though it was a military strike, America’s top diplomat tweeted about it around when Trump announced it at the White House and then spoke to reporters about the operation.

“The president has been very clear that he’s going to use the full power of America and the full might of the United States to take on and eradicate these drug cartels, no matter where they’re operating from and no matter how long they’ve been able to act with impunity,” Rubio said Tuesday. “Those days are over.”

Rubio, a son of Cuban immigrants, has spoken out against Venezuelan leader Nicolas Maduro and other Latin American leftist governments, notably in Cuba and Nicaragua, for years and supported opposition leaders and movements there. Just before leaving for Mexico, he attended an award ceremony in Florida for a Cuban dissident who he said was an inspiration for freedom-loving people everywhere.

In Mexico, Trump has demanded, and so far won, some concessions from Sheinbaum’s government, which is eager to defuse his tariff threats, although she has fiercely defended Mexico’s sovereignty.

“There will be moments of greater tension, of less tension, of issues that we do not agree on, but we have to try to have a good relationship,” she said shortly before Rubio arrived in Mexico City on Tuesday.

Earlier this week, in a State of the Nation address marking her first year in office, she said: “Under no circumstance will we accept interventions, interference or any other act from abroad that is detrimental to the integrity, independence and sovereignty of the country.”

Sheinbaum has gone after Mexican drug cartels and their fentanyl production more aggressively than her predecessor. The government has sent the National Guard to the northern border and delivered 55 cartel figures long wanted by U.S. authorities to the Trump administration.

Sheinbaum had spoken for some time about how Mexico was finalizing a comprehensive security agreement with the State Department that, among other things, was supposed to include plans for a “joint investigation group” to combat the flow of fentanyl and the drug’s precursors into the U.S. and weapons from north to south.

Last week, however, a senior State Department official downplayed suggestions that a formal agreement — at least one that includes protections for Mexican sovereignty — was in the works.

Sheinbaum lowered her expectations Tuesday, saying it would not be a formal agreement but rather a kind of memorandum of understanding to share information and intelligence on drug trafficking or money laundering obtained “by them in their territory, by us in our territory unless commonly agreed upon.”

On the trip, Rubio would focus on stemming illegal migration, combating organized crime and drug cartels, and countering what the U.S. believes is malign Chinese behavior in its backyard, the State Department said.

Lee writes for the Associated Press.

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Latin America’s most famous glacier retreating irreversibly

A general view shows the Perito Moreno Glacier in Los Glaciares National Park, southern Argentina, in 2016. The glacier, one of Patagonia’s top tourist attractions, is entering a phase of rapid retreat that experts say is irreversible. Photo by EPA

Aug. 22 (UPI) — Argentina’s iconic Perito Moreno glacier, one of Patagonia’s top tourist attractions, is entering a phase of rapid retreat that experts say is irreversible.

For decades, the massive ice formation was considered an exception. While most glaciers in the region were shrinking, Perito Moreno held a fragile balance. Its towering wall over Lake Argentino and dramatic ice ruptures — which attract large numbers of tourists from the city of El Calafate — made it one of the region’s most famous natural landmarks.

But a study published in Communications Earth & Environment has raised alarms. Led by German and Argentine scientists, the study found that the glacier has been retreating rapidly since 2019 after remaining nearly stable until then.

Between 2000 and 2018, its thinning rate was about 1 foot a year. That rate jumped to 18 feet a year between 2019 and 2024. In some areas, the glacier has retreated more than 2,600 feet in just five years.

The Perito Moreno glacier, located in Los Glaciares National Park, spans about 97 square miles, nearly one and a half times the size of Washington, D.C. Between 2018 and 2025, it lost about 0.7 square miles, equivalent to roughly 320 soccer fields.

Designated a UNESCO World Heritage Site in 1981, it is one of the few glaciers in the world easily reached by land. That accessibility, along with its dramatic rupture and lake-damming events and the infrastructure built around it, has made it a major tourist attraction.

The study — which combined satellite data, airborne radar surveys and sonar measurements from the lake — also found that the glacier is losing contact with a subglacial ridge that historically provided stability. If the separation continues, the glacier could collapse and retreat several miles, driven by water building beneath the ice.

From a tourism perspective, the shift means the glacier’s iconic ruptures — the massive icefalls once thought eternal — could become more frequent, but now with the melancholy of knowing the spectacle may not last.

Scientists say the retreat is part of a “delayed response to climate change,” resulting from decades of warmer temperatures and reduced snowfall. Over the past three decades, average summer temperatures in the region have risen by 2.2 degrees Fahrenheit. The 2023-24 summer was the warmest in 30 years, reaching 52°F.

Los Glaciares National Park held about 150 active glaciers in 1850. By 2015, only about 26 remained.

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A U.S. senator from Colombia emerges as a Trump link for Latin America’s conservatives

When Republican Sen. Bernie Moreno visits Colombia this week as part of a three-nation tour of Latin America, it will be something of a homecoming.

The Ohio senator, who defeated an incumbent last year with the help of Donald Trump’s endorsement and the highest political ad spending in U.S. Senate race history, was born in Bogota and has brothers who are heavyweights in politics and business there.

Moreno has emerged as an interlocutor for conservatives in Latin America seeking to connect with the Trump administration.

In an interview with the Associated Press ahead of the trip, he expressed deep concern about Colombia’s direction under left-wing President Gustavo Petro and suggested that U.S. sanctions, higher tariffs or other retaliatory action might be needed to steer it straight.

The recent criminal conviction of former President Alvaro Uribe, a conservative icon, was an attempt to “silence” the man who saved Colombia from guerrilla violence, Moreno said. Meanwhile, record cocaine production has left the United States less secure — and Colombia vulnerable to being decertified by the White House for failing to cooperate in the war on drugs.

“The purpose of the trip is to understand all the dynamics before any decision is made,” said Moreno, who will meet with both Petro and Uribe, as well as business leaders and local officials. “But there’s nothing that’s taken off the table at this point and there’s nothing that’s directly being contemplated.”

Elected with Trump’s support

Moreno, a luxury car dealer from Cleveland, defeated incumbent Democrat Sherrod Brown last year and became Ohio’s senior senator on practically his first day in office after his close friend JD Vance resigned the Senate to become vice president.

In Congress, Moreno has mimicked Trump’s rhetoric to attack top Senate Democrat Chuck Schumer as a “miserable old man out of a Dickens novel,” called on the Federal Reserve to cut interest rates and threatened to subpoena California officials over their response to anti-ICE protests in Los Angeles.

On Latin America, he’s been similarly outspoken, slamming Petro on social media as a “socialist dictator” and accusing Mexico of being on the path to becoming a “narco state.”

Such comments barely register in blue-collar Ohio, but they’ve garnered attention in Latin America. That despite the fact Moreno hasn’t lived in the region for decades, speaks Spanish with a U.S. accent and doesn’t sit on the Senate Foreign Relations Committee.

“He’s somebody to watch,” said Michael Shifter, the former president of the Inter-American Dialogue in Washington. “He’s one of the most loyal Trump supporters in the senate and given his background in Latin America he could be influential on policy.”

Moreno, 58, starts his first congressional delegation to Latin America on Monday for two days of meetings in Mexico City with officials including President Claudia Sheinbaum. He’ll be accompanied by Terrance Cole, the head of the Drug Enforcement Administration, who is making his first overseas trip since being confirmed by the Senate last month to head the premier federal narcotics agency.

Seeking cooperation with Mexico on fentanyl

Moreno, in the pre-trip interview, said that Sheinbaum has done more to combat the flow of fentanyl into the U.S. than her predecessor and mentor Andrés Manuel López Obrador, who he described as a “total disaster.” But he said more cooperation is needed, and he’d like to see Mexico allow the DEA to participate in judicial wiretaps like it has for decades in Colombia and allow it to bring back a plane used in bilateral investigations that López Obrador grounded.

“The corruption becomes so pervasive, that if it’s left unchecked, it’s kind of like treating cancer,” said Moreno. “Mexico has to just come to the realization that it does not have the resources to completely wipe out the drug cartels. And it’s only going to be by asking the U.S. for help that we can actually accomplish that.”

Plans to tour the Panama Canal

From Mexico, Moreno heads to Panama, where he’ll tour the Panama Canal with Trump’s new ambassador to the country, Kevin Marino Cabrera.

In March, a Hong Kong-based conglomerate struck a deal that would’ve handed control of two ports on either end of the U.S.-built canal to American investment firm BlackRock Inc. The deal was heralded by Trump, who had threatened to take back the canal to curb Chinese influence.

However, the deal has since drawn scrutiny from antitrust authorities in Beijing and last month the seller said it was seeking to add a strategic partner from mainland China — reportedly state-owned shipping company Cosco — to the deal.

“Cosco you might as well say is the actual communist party,” said Moreno. “There’s no scenario in which Cosco can be part of the Panamanian ports.”

‘We want Colombia to be strong’

On the final leg of the tour in Colombia, Moreno will be joined by another Colombian American senator: Ruben Gallego, Democrat of Arizona. In contrast to Moreno, who was born into privilege and counts among his siblings a former ambassador to the U.S., Gallego and his three sisters were raised by an immigrant single mother on a secretary’s paycheck.

Despite their different upbringings, the two have made common cause in seeking to uphold the tradition of bilateral U.S. support for Colombia, for decades Washington’s staunchest ally in the region. It’s a task made harder by deepening polarization in both countries.

The recent sentencing of Uribe to 12 years of house arrest in a long-running witness tampering case has jolted the nation’s politics with nine months to go before decisive presidential elections. The former president is barred from running but remains a powerful leader, and Moreno said his absence from the campaign trail could alter the playing field.

He also worries that surging cocaine production could once again lead to a “narcotization” of a bilateral relationship that should be about trade, investment and mutual prosperity.

“We want Colombia to be strong, we want Colombia to be healthy, we want Colombia to be prosperous and secure, and I think the people of Colombia want the exact same thing,” he added. “So, the question is, how do we get there?”

Goodman and Smyth write for the Associated Press. Smyth reported from Columbus, Ohio.

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Treasury & Cash Management Providers 2025: Latin America

Digitalization has accelerated a move toward real-time payments for Latin American banks, along with a host of new capabilities and offerings.

The global pandemic accelerated a digital transformation across Latin America. Since then, businesses have increasingly embraced online portals and mobile apps for payments, collections, and reporting.

This shift has fueled a significant trend toward real-time payment systems. Pix, the Central Bank of Brazil’s instant-payment platform, exemplifies this transformation, inspiring Colombia, Chile, and Peru to develop their own real-time capabilities. Accordingly, banks are stepping up to provide immediate processing, reconciliation, and liquidity updates, ensuring seamless financial operations for their clients.

table visualization

Best Bank for Transaction Banking & Best Corporate Cross-Border Payment Solution | Santander

Santander, a pan-Latin American powerhouse in transaction banking, earns titles as Best Bank for Transaction Banking and for providing Best Corporate Cross-Border Payments Solutions. Operating across Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay, the bank effectively covers 80% of the region’s GDP.

Prioritizing customer service, Santander invests heavily in cutting-edge technology and digital infrastructure, particularly in cash management, to deliver innovative solutions. These include strategic alliances with SAP, API instant bank position tools, and visibility of incoming and outgoing cross-border payments directly from the Swift’s G4C tracker, as well as significant enhancements to the bank’s own Nexus Global Collections and Nexus Global Portal.

“Latin America is a key region for Santander,” says Mencía Bobo, global head of Global Transaction Banking at Santander Corporate and Investment Banking, “and we continue to invest in strengthening our competitive offerings and digital capabilities. Our commitment to innovation and deep market knowledge helps us stay close to our clients, supporting them through this period of rapid technological disruption.”

Best Bank for Cash Management & Best Bank for Financial Institutions | Citi

Citi boasts a high-return business with revenue exceeding $19.6 billion in 2024: a 9% increase from 2023 and a remarkable 16% annual growth rate since 2021. Citi’s offerings include Spring by Citi for seamless online payments, an instant-payments network with Pay by Bank, and sophisticated liquidity-management tools including Real-Time Liquidity Sharing and Virtual Accounts.

Payment Exchange further streamlines both business-to-business and business-to-customer flows. Recent additions include a white-label, cross-border payment tracking solution; CitiDirect Digital Onboarding for rapid account opening; and DocuSign for secure e-signatures.

Best Bank for Long-Term Liquidity Management | BBVA

BBVA maintains a strong presence across Latin America, including Colombia, Mexico, Peru, and Venezuela. BBVA is consistently recognized for its digital transformation efforts and for its innovative treasury and liquidity management solutions, leveraging its robust regional network to facilitate efficient cross-border cash management.

Best Bank for Payments & Best Bank for Collections | Scotiabank

Scotiabank offers Telebanking, an intuitive digital platform that streamlines cashier’s checks, transfers, and mass payments. Recent innovations include an in-house payment button, a dynamic online-payments dashboard, and customized reporting functionalities.

“Our client-centric strategy has driven the development of innovative digital solutions that simplify and optimize treasury operations across Latin America,” says Chad Wallace, the bank’s executive vice president of Global Transaction Banking. “From real-time cash visibility and automated collections to integrated payment platforms and advanced reporting tools, we are helping clients manage complex financial ecosystems with greater security and efficiency.”

Scotiabank’s deep regional presence gives it a nuanced understanding of local market dynamics, Wallace says, enabling the bank to deliver highly effective solutions. “Digitization and personalized service are key to meeting and exceeding client expectations,” he says. “By combining technology with deep transaction banking expertise, we work to deliver a consistent and exceptional banking experience across our footprint in the Americas.”

Best Provider of Short-Term Investments/Money Market Funds | Itau Unibanco

Itau Unibanco distinguishes itself for technological innovation and sophisticated treasury solutions that are essential for effective short-term investment management. Itau also boasts a significant asset management arm, further solidifying its position on the financial playing field.

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