Latin America

Ecuador's Debt Default: Exposing a Gap in the Global Financial Architecture

When the government of Ecuador failed to make a scheduled interest payment on private bonds today, it was hardly the first time a country had defaulted in the middle of a financial crisis. In fact, it wasn't even the first time for Ecuador. The small South American country did so just 10 years ago, at a time when the economy was reeling from natural disasters and a drop in oil prices.

Obama Should Make a Clean Break With the Past on Latin America

President-elect Obama's historic triumph was welcomed in Latin America by left-of-center governments who saw it as a continuation of their own electoral victories. Even before the election President Lula da Silva of Brazil said: "Just as Brazil elected a metal worker, Bolivia elected an Indian, Venezuela elected Chavez and Paraguay a bishop, I think that it would be an extraordinary thing if, in the largest economy in the world, a black man were elected president of the United States."

Hugo Chavez Allies Score Big Wins in Venezuela Elections

Venezuelan President Hugo Chavez has hailed his party's majority victories in key local polls but recognized opposition gains, in five states and the capital Caracas.
(AFP/Thomas Coex)

CARACAS - President Hugo Chavez's candidates won a majority of the governor's elections in Venezuela on Sunday, but opposition forces could point to gains with victories in several major states as well as the capital city, Caracas.

Both sides declared victory.

"The people are telling me, 'Chavez, continue down the same road, the road of socialism,' " Chavez said early Monday just after the main results were announced.

Why Bolivia Threw Our Ambassador Out

Evo Morales knows about "change you can believe in." He also knows what happens when a powerful elite is forced to make changes it doesn't want.

Morales is the first indigenous president of Bolivia, the poorest country in South America. He was inaugurated in January 2006. Against tremendous internal opposition, he nationalized Bolivia's natural gas fields, transforming the country's economic stability and, interestingly, enriching the very elite that originally criticized the move.

Ecuador Keeps Up Oil Cleanup Fight Against Chevron

Abel Garrido stands near his oil-polluted pond in Coca, Ecuador. “I’ve lost 30 cows,” Garrido says. “I cut them open and their insides are black.” (Chris Kraul/Los Angeles Times)

Reporting from Coca, Ecuador - Abel Garrido has just struck oil and he's not happy about it.

Using a tree branch, the weathered farmer probed the edge of a pond that his cattle use for drinking water and soon turned up the smelly black sludge that he says has killed much of his livestock and sickened his family.

"I've lost 30 cows," Garrido said. "I cut them open and their insides are black."

Paying the medical bills to treat his three children for skin cancer has cost him his meager savings.

Latin Americanists Urge Obama to Revamp Policies

I was pleased to join 12 past presidents and more than 200 members of the Latin American Studies Association (LASA) in signing a letter to Barack Obama urging him, as president, to respect and support the movements for progressive change in Latin America. We also called on him to dramatically reform U.S. policies toward the region.

Why were we so concerned? For most of the 20th century, the United States was the preponderant power in Latin America; after the end of the Cold War, it was the sole power.

Mending Fences with Latin America

Venezuela's Hugo Chavez has been a vocal critic of US policy in the region. A common refrain from Latin American leaders, with the exception of Colombia - one of the few who stands to lose from a change in US policy - has been that neither the fence nor the billions of dollars spent on counternarcotics has done anything to staunch the US appetite for illegal drugs and cheap labour.[GALLO/GETTY]

Congratulations on the historic US election result have been rolling in for president-elect Barack Obama from both friend and foe alike.

There was even a note from Hugo Chavez, Venezuela's president, who is better known for insulting the occupant of the White House.

Like many Latin American leaders, he expressed the hope that an Obama administration would work to improve relations with the region.

Posted in Latin America

Rights Groups Want "Body Count" General Investigated

Colombia's army chief, Gen. Mario Montoya, reads his resignation letter at the army's headquarters in Bogota, Tuesday, Nov. 4, 2008. Human rights groups are insisting that the resignation of Colombia's army chief must not stand in the way of an in-depth investigation of the numerous human rights abuses in which he is implicated. (AP Photo)

BOGOTA - Human rights groups are insisting that the resignation of Colombia's army chief must not stand in the way of an in-depth investigation of the numerous human rights abuses in which he is implicated.

In a statement released Wednesday, the New York-based Human Rights Watch said General Mario Montoya is implicated in "a number of cases of human rights violations. These allegations must be independently and effectively investigated by the civilian courts, and General Montoya's resignation must not be used as an excuse to bury them."

Morales Says US Anti-Drug DEA Killed Bolivian Farmers

Bolivian President Evo Morales accused the US Drug Enforcement Administration, which has been given three months to leave the country, of \"shooting\" and \"killing\" Bolivians during their anti-drug operations. (AFP file)

LA PAZ - Bolivian President Evo Morales accused the US Drug Enforcement Administration, which has been given three months to leave the country, of "shooting" and "killing" Bolivians during their anti-drug operations.

"The DEA killed, shot at the coca farmers' movement," said Morales, who as well as president still heads the country's cocalero movement, a loose federation of coca growers' unions.

Latin America's New Consensus

When the Mexican dictator Porfirio Díaz said the great tragedy of Mexico was that it was so far from God and so close to the United States, the comment summed up the long and tortured relationship between the Colossus of the North and Latin America.

Starting with the Monroe Doctrine in 1823, the United States has routinely dictated the hemisphere's political and commercial life and, on a score of occasions, overthrown governments it found inimical to its interests.

But the world has suddenly turned upside-down.

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