International

Right and far right leaders aspire to win the next elections in Latin America

The members of the Madrid Forum, an international alliance of conservative parties, leaders and organizations, right and far-right organizations of Spain and Ibero-America, said today that their goal is to win the seven general elections planned in Latin America for this year and next, as they proclaimed at the closing of the meeting held yesterday and today in Asunción.

Participants in the IV Regional Meeting of the Madrid Forum, inaugurated this Thursday by Paraguayan President Santiago Peña, assured that conservative and ultra-conservative options have a great opportunity to win the elections that will take place between now and the end of 2026.

“For the first time in many decades there is a real possibility of opening a new era of freedom and prosperity with the defeat of socialism in the region and throughout the West,” said the project coordinator of Foro Madrid, Edmaly Maucó, when reading the declaration approved at the end of the meeting held this Thursday and Friday in Asunción.

This year there will be general elections in August in Bolivia, and in Honduras and Chile in November, while in 2026 elections will be held in Costa Rica, Colombia, Peru and Brazil.

According to the final declaration of the meeting, the countries of the region have suffered “in their own flesh the ravages” of left-wing governments, and “have understood that socialism corrupts societies, destroys the economy, destroys freedoms.”

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“From Asunción we send to the entire region and the world a message of optimism and hope: the triumph of freedoms, democracy and the rule of law in Ibero-America is possible and is within the reach of all our peoples,” says the text.

They also announced that they will continue to “denounce and strengthen the political struggle” against what they considered “dictators of Bolivia, Cuba, Nicaragua and Venezuela, as well as against all those who support them.”

The Madrid Forum is promoted by the Disenso Foundation, the laboratory of ideas of the Spanish far-right party Vox, whose leader, Santiago Abascal, participated yesterday, Thursday, in the opening of the meeting, together with the president of Paraguay, Santiago Peña.

The director of Foro Madrid, Eduardo Cader, said this Friday that the right-wing forces can return to power unless, according to him, “the left resorts to fraud” or the disqualifications of the adversary candidacies.

“Every choice will be a battle, and every victory will require courage, strategy and, above all, unity,” he emphasized.

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Cader charged against what he called “soft right”, to which he attributed the claim of “managing what the left built”, avoiding conflict and not offering resistance.

The forum praised the figures of Argentine President Javier Milei; Italian Prime Minister Giorgia Meloni and Hungarian Prime Minister Viktor Orbán.

MEPs of the right-wing group ‘Patriots for Europe’ participating in the meeting questioned the role of the European Commission, chaired by Ursula von der Leyen, which they called a “mega-state” that makes decisions on issues such as immigration, placing itself, in their opinion, above the will of European countries.

Hungarian MEP Enikó Gyóri said that “there is clearly a turn to the right in Europe” and stressed that in the last elections to the European Parliament, held on June 9 last year, the far-right parties reached approximately 22% of the vote, which is equivalent to about forty million people.

Those voters are “those who think that the European Union would have to be as the founding fathers founded it, and not this new Europe that wants to exist above the nations, dictating things that perhaps they do not even want to do,” said the Hungarian MEP.

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Also MEP Jorge Martín Frías, director of the Dissenso foundation, said that everyone supports the European Union, but criticizes the role of the European Commission, he considered that “it has made a misrepresentation and has distanced itself from the initial European project”.

The members of the Madrid Forum, which has also been held in Bogotá (2022), Lima (2023) and Buenos Aires (2024), promised to intensify “political cooperation to achieve electoral victories,” with special emphasis on “the seven electoral appointments that are coming”, to – as they said – “reach a continent free of socialism.”

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.

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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International

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.