Colombia elected leftist President Gustavo Petro in May 2022, and his public approval and agenda are in flux. Last month, Brazil narrowly elected former leftist President Lula.
What are the key priorities of these new administrations and how should investors approach business opportunities across the region? The outlook for Latin America is promising but it’s a long game with plenty of volatility expected.
Guest: Sergio Guzmán, frequent news contributor and Co-founder & Director of Colombia Risk Analysis, experts in commercial, security, and political risk analysis for the Andean region.
Here’s more on the outlook for Latin America, investing in Colombia, and risk:
- A drop in presidential approval ratings may be expected after the “honeymoon period,” signaling Colombian’s frustrations with Petro’s handling of inflation and a looming economic decline.
- Petro’s enthusiasm for battling climate change leaves energy investors questioning the future of oil and gas exploration in Colombia.
- Lula’s comeback win and his pledge to “rebuild Brazil” keeps the world on edge but foreign investors can’t afford to ignore opportunities in Brazil.