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Latin American alert: Imminent risk of a fentanyl crisis?

Latin American alert: Imminent risk of a fentanyl crisis?
Photo: Reuters

November 29 |

On the streets, fentanyl is known as “King Ivory”, “White Chiva”, “Tango” or “Murder 8”. This synthetic opioid, which authorities claim is up to 50 times more potent than heroin and 100 times stronger than morphine, has raised red flags in Latin America, raising the possibility of facing its own fentanyl crisis.

Brian Clark, a special agent with the U.S. Drug Enforcement Administration (DEA), describes it as the cause of the most devastating drug crisis in U.S. history. Its ease of manufacture, low cost and high lethality make it a significant threat.

In this context, Lisa Monaco, U.S. Assistant Attorney General, highlights the key feature of fentanyl that contributes to its dangerousness: it is fully synthetic and its supply is potentially unlimited.

The increase in fentanyl seizures in Latin America is alarming, reports InSight Crime. Countries such as Costa Rica, Argentina, Colombia, Panama, Ecuador, Brazil and Venezuela have been affected by this growing trend.

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Argentina experienced a significant case last year in which a mixture of cocaine and an extremely strong type of fentanyl resulted in the death of 24 people in 24 hours, according to Candice Welsch, regional representative of the United Nations Office on Drugs and Crime.

Given this scenario, the question arises: Is it imperative for the region to take immediate preventive measures?

Experts highlight the importance of comparing the illicit use of fentanyl between Latin America and other regions, as well as its origin. While in the United States the Sinaloa and Jalisco cartels are responsible for the flow of fentanyl, in South America the problem lies more in the diversion of medical fentanyl into illicit channels, rather than its illegal production, according to Julian Quintero, a researcher at ATS Corporation.

The presence of other synthetic drugs in the region, such as tusi, ecstasy and ketamine, poses an ongoing challenge and could facilitate the expansion of fentanyl in an already receptive market, warns Welsch.

While experts consider it unlikely that illegal fentanyl produced in Mexico will be widely distributed in Latin America, they urge not to underestimate its presence. The region does not have a marked history of opioid use as in the United States, but Quintero notes that the trend in consumption is toward stimulants.

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Faced with these challenges, experts emphasize the importance of implementing preventive measures in the region, suggesting strengthening the legislative framework and preparing adequately to face a possible arrival of fentanyl. Expertise in substance testing, supervised consumption rooms and community education are essential tools to mitigate the risks associated with this dangerous substance.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

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International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.

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