Andean Group - January 2024

There were fears that an historic dispute between Venezuela and Guyana could escalate into military conflict following a 3 December Venezuelan referendum in which voters expressed support for annexing the oil-rich Essequibo region, which is claimed by Venezuela but lies within Guyana’s internationally recognised borders.... Read More

There were initial fears that an historic dispute between Venezuela and Guyana could escalate into military conflict following a 3 December Venezuelan referendum in which voters expressed support for the annexation of the oil-rich Essequibo region, which is claimed by Venezuela but lies within Guyana’s internationally recognised borders.... Read More

It wasn’t long after the US lifted economic sanctions on Venezuela before foreign oil executives started pouring into Caracas to tap into the world’s largest hydrocarbon reserves.... Read More

President Gustavo Petro’s flagship ‘total peace’ initiative has progressed in fits and starts since he took office in August 2022 and has been the subject of mounting criticism in the Colombian media.... Read More

Given that Colombia’s President Gustavo Petro has lost his majority in congress and that his approval ratings remain near all-time lows, he is putting up quite a fight to keep his statist reform agenda alive.... Read More

With 107 votes in favour, Ecuador’s 137-member national assembly voted on 19 December to approve a tax reform bill submitted by President Daniel Noboa, who took office the previous month.... Read More

Peru’s President Dina Boluarte signed an executive decree on 14 November which expedited the process for the deportation of illegal migrants.... Read More

ECUADOR | S&P lowers outlook due to gang violence.... Read More