LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

August 23, 2023

What Will Arévalo’s Presidency Mean for Guatemala?

Bernardo Arévalo, a former diplomat and son of former President Juan José Arévalo Bermejo, was elected Guatemala’s president in Sunday’s runoff election. // Photo: Arévalo Campaign.

Q

A

Salvador Paiz, president of Funsepa and board member of Fundesa in Guatemala City: “Elections in Guatemala are powered by citizen volunteers who safeguard democracy and protect each vote. As with previous elections, this was a civic celebration that evolved with no major violence or tension. With a relatively low 45.1 percent turnout, Bernardo Arévalo was elected with a comfortable 60.9 percent of valid votes. The result follows the pattern of prior runoff elections against three-time presidential candidate Sandra Torres, with Jimmy Morales getting 65.5 percent of the vote in 2015 and Alejandro Giammattei receiving 58 percent in 2019. The election was marred by the judicialization of the electoral process. The ‘cancellation’ of candidates is comparable to what transpired in 2019. However, the judicialization became more disruptive by encroaching on the electoral period and by encompassing the electoral authorities. The investigation into the allegedly fraudulent creation of Semilla is based on…”

Top News

Tropical Storm Franklin Strikes Hispaniola
Tropical storm Franklin made landfall this morning in the Dominican Republic. Officials are concerned about potential flash floods there and in Haiti.
Enel Unit in Chile Begins Building Solar Project
An Enel Green Power unit in Chile started construction on an 80-megawatt solar and storage facility, the Don Humberto Park project, located near Santiago.
Brazil’s Congress Approves Fiscal Framework in Win for Lula
In a win for President Luiz Inácio Lula da Silva, Brazil’s Congress gave final approval Tuesday to a new fiscal framework that will allow for government spending that exceeds the level of inflation. // File Photo: Brazilian Government.

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
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Nili Blanck
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Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
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J.P. Morgan

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Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
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Jon E. Huenemann
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GLG Inc.

James R. Jones
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Monarch Global Strategies

Craig Kelly
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Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
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US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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