Andean Group - February 2026

The 12 April general elections in Peru will take place against a backdrop of rising violence in which criminal groups are growing visibly more powerful.... Read More

The Peruvian general elections on 12 April will take place against a backdrop of rising violence in which criminal groups are growing visibly more powerful.... Read More

Colombia’s government was rocked by an espionage scandal in January after two ministers claimed that the defence ministry was responsible for spyware installed on their mobile phones.... Read More

Since being sworn in as Venezuela’s president on 6 January, Delcy Rodríguez has walked a fine line as she attempts to balance four competing interests – the US government, which now has effective control over the oil sector; hardline nationalists, who were outraged by the 3 January US operation to capture former president Nicolás Maduro (2013-2026); the democratic opposition, which is demanding a transition process; and her own family, as she attempts to retain the power that she wields along with her brother, national assembly president Jorge Rodríguez.... Read More

On 9 January the CEO of US oil firm ExxonMobil, Darren Woods, told President Donald Trump that Venezuela’s oil industry was “uninvestable” and that a major prerequisite for foreign capital would be a new hydrocarbons law.... Read More

Ecuador’s President Daniel Noboa has taken a page from President Donald Trump’s foreign policy playbook by slapping a tariff on Colombian imports in the hope of getting Bogotá to do more against criminal groups operating along their border.... Read More

In January, the government of Peru’s then president José Jerí (2025-2026) issued a decree allowing for the restructuring of state oil company Petroperú, permitting private investment in its key assets, which could be separated into blocks.... Read More

The international credit ratings agency Fitch upgraded Bolivia’s credit rating from CCC- to CCC on 16 January, stating that this “reflects easing risks of default or restructuring due to reduced political constraints on external financing, financing commitments from multilaterals, and the elimination of fuel subsidies, which should support fiscal deficit reduction and reserve accumulation”.... Read More

COLOMBIA | Interest rate hiked.... Read More