By Neil Pyper The recent escape of Mexican drug cartel leader Joaquín “El Chapo” Guzmán from a Mexican maximum-security prison was a high profile example of the failings of prison systems throughout Latin America. His escape through a 1.5km tunnel made a mockery of the jail’s security and also raised serious questions about corruption. Seven … Continue reading
By International Crisis Group Guatemala is confronting a fast-moving crisis of political legitimacy, as prosecutors reveal new evidence that appears to implicate President Otto Pérez Molina and his former vice president in an allegedly massive tax fraud scheme. Powerful business and civil society organisations are calling for the president’s resignation. Almost twenty years after the end … Continue reading
By Lisa Steyn The decline in the oil price has plunged Africa’s oil and gas industry into dire straits, a situation exacerbated by factors such as uncertain regulation, corruption and the prospect of political and social instability. It is a particular burden on those economies most reliant on the industry for revenue, and could have … Continue reading
Argentina’s open presidential primary is over, and the stage is now set for the election in October. With the current president, Cristina Fernández de Kirchner, constitutionally barred from running again, the autumn poll looks set to be a fight between Argentina’s two main political coalitions. On the left is Daniel Scioli, the current governor of … Continue reading
By International Crisis Group The accelerating deterioration of Venezuela’s political crisis is cause for growing concern. The collapse in 2014 of an incipient dialogue between government and opposition ushered in growing political instability. With legislative elections due in December, there are fears of renewed violence. But there is a less widely appreciated side of the drama. … Continue reading
By David Wille To make Egypt a more attractive home for investment, President Sisi made tackling unsustainable food and energy subsidies a top priority. A year later, it is still unclear whether Sisi’s government can follow through on reforms that have stymied leaders for decades. As Egypt’s leaders struggle to bring the country’s finances under … Continue reading
Standard & Poor’s (S&P) downgraded Brazil’s outlook to negative from stable on Tuesday and warned that it may cut the nation’s credit rating to junk amid their political and economic challenges and an ongoing corruption probe. S&P affirmed Brazil’s credit rating at BBB-minus, the lowest possible investment grade rating, and could downgrade the nation over the next 12 to 18 months. The … Continue reading
By Stratfor Global Intelligence In the wake of Brazil’s oil corruption scandal, the country’s ruling political coalition has all but fallen apart. The ongoing investigation of corruption charges against state-owned energy giant Petroleo Brasileiro has the Brazilian Democratic Movement Party (PMDB), a long-time ally of the ruling Workers’ Party, distancing itself from Brazilian President Dilma … Continue reading
Argentina is preparing for its up-and-coming presidential election that is set to take place in October, a move which could usher in a new government that is not tarnished in conspiracies and corruption and could actually give blossom to a nation that has endured many years of economic hardship with the bulk of the nation living from paycheck-to-paycheck and … Continue reading
Russia and Qatar could be stripped of their rights to host the World Cup if evidence of bribery in the bidding process is found, said Domenico Scala, the independent chairman of FIFA’s audit and compliance committee, during an interview published on Sunday by Swiss newspaper Sonntagszeitung. Both countries have denied any wrongdoing in their bidding processes and Scala … Continue reading