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Weekly Report - 03 November 2011 (WR-11-44)
ARGENTINA: Emboldened Fernández makes economic changes
Her impressive re-election victory on 23 October has given President Cristina Fernández plenty of political capital and room to manoeuvre; and manoeuvring she is. Just four days after her victory, Fernández surprised by introducing strict controls on the foreign exchange market in an attempt to keep the US dollar/peso exchange rate stable as well as curbing the increasingly worrying levels of capital flight [WR-11-38]. These measures were followed shortly afterwards by the announcement that “clearly profitable” sectors of the economy (banks, insurance and telecoms companies, gaming businesses and extractive industries) would no longer benefit from heavily subsidised energy rates (see box below).
- Colombia turns its back on Uribe
- VENEZUELA: And then there were three
- ECUADOR: Victimised Correa strikes back
- PERU: Forgive and forget
- TRACKING TRENDS
- BRAZIL: Brazil moves to reconcile with its history
- URUGUAY: FA finally gets its way
- ARGENTINA: Emboldened Fernández makes economic changes
- TRACKING TRENDS
- MEXICO: Michoacán mayor assassinated
- TRACKING TRENDS
- NICARAGUA: Ortega poised for dubious victory
- GUATEMALA: Could the weather have electoral implications?
- TRACKING TRENDS
- Lightning strikes Lobo
- Quotes of the week