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COUNTRY INSIGHTS

Peru: President Castillo against the wall
PERU · In Brief · 06 Apr 2022

Last night the political crisis reached a new high point. Although President Castillo had imposed a 22 hours curfew and suspension of individual liberties at midnight on April 5th, people went massively to the streets to protest and ask for his resignation. Protests had started on March 29th when...

The government still has not selected the new president of Petrobras, the House should vote on the urgent status of the “fake news” bill, and the Tax Reform proposal should be discussed in the Senate CCJ today
BRAZIL POLITICS · Report · 06 Apr 2022

There is no consensus around Joaquim Silva e Luna's replacement. Other names are being considered but President Jair Bolsonaro has not yet made his choice. All House committees are expected to be up and running in the coming weeks. The “fake news” bill seeks to improve Brazilian legislation regar...

Leading Russian nationalist politician dies
RUSSIA / FSU POLITICS · In Brief · 06 Apr 2022

On April 6 Vladimir Zhirinovsky died. The 75-year-old had been ill for some weeks. He led the Liberal Democratic Party. Despite its name, it was irredentist and authoritarian. He was a vocal supporter of the war in Ukraine. He had also called for Kazakhstan and even Alaska to return to Russia.Zhi...

EU expels 200 Russian diplomats
RUSSIA / FSU POLITICS · In Brief · 06 Apr 2022

On April 5 Italy, Spain and Slovenia expelled the diplomats. Slovenia even expelled the Russian ambassador and has recalled its own ambassador. France, Germany, Denmark, Sweden, Romania, Portugal and Estonia expelled Russian diplomats on April 4. The Italians, Danes and Slovenians said this was d...

Coalition stability weakens
ISRAEL · In Brief · 06 Apr 2022

The stability of the coalition weakens One member of Benet’s party Edit Salman, announced her resignation from the coalition. This will weaken the narrow majority of the coalition (from 61 members to 60), although the “Arab List” could support the coalition without actually joining the coalition....

​News from the opposition: Presidential contest and first simulation using the new Electoral Bill
TURKEY · In Brief · 05 Apr 2022

Turkey’s all-knowing and infallible pundits are drawing parallels between the unexpected victory of Victor Orban in Hungary and Erdogan, suggesting that all poll results notwithstanding he and the AKP-MHP coalition might win the next race. I shall comment on this topic in detail, if there is dema...

Quick reaction from the EU to Hungary's election result
HUNGARY · In Brief · 05 Apr 2022

It took less than 48 hours for the EU Commission to react to Hungary's election result. Today, Mrs. von der Leyen told the European Parliament that the Commission is now starting a rule-of-law procedure against Hungary, the first of its kind in the EU's history. The Commission have sent questions...

The House to vote on the MP that increases Auxílio Brasil payments to R$ 400, Bolsonaro to meet with Minister of Mines and Energy to discuss the presidency of Petrobras, and public servants threaten to broaden strikes
BRAZIL POLITICS · Report · 05 Apr 2022

The House will vote on the Provisional Measure (MP) that increases the Auxílio Brasil payments to R$ 400 through December 31. It is a risky vote for the government because there are edits suggesting an increase in the amount to R$ 600 or making the benefit permanent. Adriano Pires formally announ...

Challenges for the Indian Central Bank: Trade-off between managing inflation and debt of the government
INDIA · In Brief · 05 Apr 2022

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will meet after two days to decide on the policy rate. While inflation has been above the RBI's upper threshold of 6 percent for two consecutive months, RBI has maintained status quo on rates and kept an accommodative stance to sup...

March inflation jumps to 4%
PHILIPPINES · In Brief · 05 Apr 2022

The large upward adjustments last month in domestic pump prices pushed up the headline inflation rate to 4%, the upper end of the BSP inflation target, from only 3% in February. The headline rate reflects a month-on-month inflation rate of 0.6%, with may be traced almost entirely to increases in ...

US vows more sanctions on Russia and more arms for Ukraine
RUSSIA / FSU POLITICS · In Brief · 05 Apr 2022

On April 4 the US National Security adviser made the pledge. He said that the US was negotiating with the EU on a new round of sanctions. The US also said there should be a war crimes investigation into alleged Russian atrocities in Ukraine. The US claims Russia has been defeated in northern Ukra...

Economics: The international context holds major implications for the 2022 outlook
MEXICO · Report · 04 Apr 2022

With the international economy facing the threat of a significant slowing given the increasing risk of a US deceleration, elevated and persistent inflation, a significant rise in interest rates and financial volatility or uncertainty, Mexican monetary and economic policy officials are facing majo...

Politics: New GEA-ISA poll shows a sharp drop in AMLO´s approval rating
MEXICO · Report · 04 Apr 2022 · 1 response

Mexico’s situation is clearly deteriorating in terms of its economy, public security, foreign policy, and social indicators, and President Andrés Manuel López Obrador is unable or unwilling to adequately respond to these challenges. This has been reflected in the latest GEA-ISA poll, conducted fr...

Bolsonaro's economic strategy and other weekly topics
BRAZIL POLITICS · Report · 04 Apr 2022

Several groups of public servants will meet to decide on the possibility of going on strike for salary raises. The Senate makes a concentrated effort this week to review official appointments. At least four new polls on the upcoming presidential elections will be published this week. This week...

COSTA RICA: Rodrigo Chaves elected president, 2022-2026
CENTRAL AMERICA · In Brief · 04 Apr 2022

Rodrigo Chaves, former minister of finance, won the presidential runoff on Sunday, April 3, according to preliminary results published by the Electoral Supreme Court. The turnout was one of the lowest in decades as voters expressed discontent with both candidates. Chaves won 52.8% of the valid vo...

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