International

Mexican President confirms regional summit on inflation

Photo: EFE

March 17 |

The President of Mexico, Andrés Manuel López Obrador, confirmed Thursday that the announced regional summit on inflation, in virtual format, will take place next April 5.

According to the Mexican president, the meeting will be attended by presidents and heads of state of Latin America and the Caribbean. Among them will be the presidents of Chile, Argentina, Brazil, Colombia, Cuba, Honduras, Belize, Bolivia and St. Vincent.

In this sense, he said: “We are going to have a conference on April 5, ten presidents and a prime minister of Latin America and the Caribbean (…) It is a virtual meeting, it is a plan for economic exchange, importation, exportation of food to face together the inflationary phenomenon”.

This is what López Obrador said when assessing the current conditions of the Mexican economy and their relationship. “So we are doing well in the economy and the peso is resisting, because there were bankruptcies of two banks in the United States and it did have an effect on the entire world market, but the peso is I would say stable, we continue without devaluation of the peso, this has not happened in 50 years and we are doing very well”, he commented.

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Due to the effects of the conflict in Ukrainian territory, inflation in all the countries of the region suffered a significant increase. Argentina, another of the large economies, was one of the most affected with an index of 94.8 percent last year, the highest since 1991, with a strong increase in the food and clothing sectors, all of which was boosted by energy imports.

In Mexico, 2022 ended with an index of 7.82 percent, which was also the highest in the last two decades. In Brazil, there was a slowdown with respect to 2021 (from 10 percent to 5.79 percent), but it exceeded the target set by the Brazilian government. Colombia had 13.1 percent, which was also one of the highest in more than 20 years. Cubans faced 39 percent.

International

Trump says GOP ‘learned a lot’ after democratic election wins

U.S. President Donald Trump said that he and the Republican Party “learned a lot” from the Democratic victories in Tuesday’s state and local elections. He also compared Democrats to “kamikaze pilots” over the ongoing budget standoff.

Speaking at an event with Republican senators on Wednesday, Trump described the results as an unexpected setback.

“These were very Democratic areas, but I don’t think it was good for Republicans. In fact, I don’t think it was good for anyone. But we had an interesting night and we learned a lot,” he said during remarks broadcast by the White House.

Trump agreed with pollsters that two key factors led to Republican losses in New York’s mayoral race and the gubernatorial contests in New Jersey and Virginia.

International

Bolivia’s Jeanine Áñez freed after Supreme Court annuls her conviction

Former Bolivian interim president Jeanine Áñez was released from a women’s prison in La Paz on Thursday, where she had spent more than four and a half years for an alleged coup, after her conviction was annulled, AFP journalists confirmed.

Dozens of supporters and family members gathered outside the facility to celebrate her release. Áñez left the prison waving a Bolivian flag around 15:00 GMT.

“It is comforting to see that justice will once again prevail in Bolivia. She was the only woman who took on the role with bravery and courage,” said Lizeth Maure, a 46-year-old nurse who had come to show her support.

Áñez, a 58-year-old lawyer and conservative politician, governed Bolivia for nearly a year until November 2020, when she handed power to leftist leader Luis Arce.

She was arrested in 2021 and sentenced the following year to 10 years in prison for “resolutions contrary to the Constitution,” accused of illegally assuming the presidency after Evo Morales resigned in 2019 amid social unrest.

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Her sentence was overturned on Wednesday by the Supreme Court of Justice, Bolivia’s highest judicial authority.

The court ruled that Áñez should have been subjected to a “trial of responsibilities” before Congress— a constitutional process reserved for sitting presidents, vice presidents, ministers, and top judges — rather than prosecuted in an ordinary criminal court.

As she was welcomed by relatives and supporters upon release, Áñez declared:
“I feel the satisfaction of having fulfilled my duty to my country, of never having bowed down. And I will never regret having served Bolivia when it needed me.”

International

Peru declares Mexico’s president Persona Non Grata over political asylum dispute

Peru’s Congress declared Mexican President Claudia Sheinbaum persona non grata on Thursday, accusing her of “unacceptable interference in internal affairs” after granting political asylum to former Peruvian Prime Minister Betssy Chávez.

The motion, introduced by right-wing parties, passed with 63 votes in favor, 33 against, and two abstentions. Lawmakers argue that Sheinbaum has maintained a hostile stance toward Peru since taking office.

Peru severed diplomatic relations with Mexico on Monday following the asylum decision. Chávez, who is facing charges for her alleged involvement in former President Pedro Castillo’s failed coup attempt in December 2022, remains under protection at the Mexican embassy residence in Lima.

Following the diplomatic break, interim President José Jerí said on X that Mexico’s chargé d’affaires in Peru, Karla Ornela, has been notified by the foreign ministry that she must leave the country within a strict deadline.

The Mexican government condemned Lima’s decision as “excessive and disproportionate,” asserting that offering asylum to Chávez is a legitimate act grounded in international law and does not constitute interference in Peru’s domestic matters.