Rio's security situation took a turn for the worse this year as the state government’s funding ran out. However, the situation improved visibly in July, as federal forces began to enter the city and state coffers got an infusion of federal funds. The money temporarily saved the state government, which used it to pay police salaries. From Marines to Federal Highway Police, patrols and reconnaissance began around 15 July 2016. Additionally, the Military Police and organized criminal groups arrived at an unspoken agreement to stop violence in return for allowing drugs sales to go unmolested by law enforcement. As it is, the city will never be as safe as it will be in the next month and a half during the Olympic Games. The city and country will likely surprise observers with how well they pull off the high profile event.
Costa Rica’s late nomination of Christiana Figueres to be UN Secretary General reshuffled the deck both in Latin America and globally. Many UN insiders were watching the candidacy of Argentine Foreign Minister Susana Malcorra, a favorite due to her closeness to current UN Secretary General Ban Ki Moon. Her candidacy was considered the strongest from outside of Eastern Europe, which is the most likely region to receive the position. Malcorra even moderated her country’s position on Venezuela at the OAS to prevent a veto at the UN Security Council from Russia or China, two allies of President Maduro.
A slew of over-reaching analyses have been written about the impact of Brexit on Latin America specifically and on emerging markets in general. While the UK’s decision to leave the EU certainly impacts the region in a limited fashion, Latin American governments have taken note of the media attention and are prepared to make Brexit a great scapegoat for their ongoing economic problems for at least the next quarter. Mexico announced pre-planned budget cuts, including some controversial cuts in education, the day the UK voted to leave. Argentine officials are happy Brexit artificially weakened the peso. At least one official in Venezuela made the ridiculous suggestion that Brexit was part of the economic plot against the Maduro government. Expect to see additional Latin American governments in the coming weeks point their fingers at the UK and Europe.