The decline of Chile's right-of-centre, governing coalition, Chile Vamos, was confirmed by the 15-6 May vote to elect the body responsible for reforming the constitution. Its seat count in the Constitutional Convention is below the one-third required...

Democracy is a good thing for citizens. LatAm equities have underperformed global Emerging Markets and Commodities since the start of 2020 by about 30%. Even some of the economic guard rails painstakingly established over decades are beginning to cra...

MercadoLibre's share price has fallen by 5.5%, despite its excellent Q1 results. The decline is all about the broader tech sell-off. Management has committed to improving average revenue per user, as opposed to user acquisition. MercadoLibre is a mat...

Repo program essentially the same used in the first two rounds, but without a separate program of deposit purchases. BCCh makes no mention of possibility of adding sovereign bonds as repo collateral. Repo program still looks adequate, markets may be....

The leading candidate in Peru's Presidential election, Pedro Castillo, is left-wing and his party's public policy proposals include nationalisation of the mining sector. It is ironic that the same uncooperative legislature, which derailed former Pres...

Govt decides to sponsor third round of pension saving withdrawals to tame political crisis. Govt's proposes 1pp payroll tax hike as social security contributions, govt will pay 1pp too. Govt proposes charging income tax on withdrawals by Chileans in....