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President Pedro Castillo. (GDA via AP Images)

A year of wear and tear. Two impeachment proceedings, five investigations, and more than 50 cabinet changes later, Pedro Castillo has managed to stay in Peru’s presidential seat. But the road ahead doesn’t look smooth; Castillo’s party broke ties with him, investigations continue, and new impeachment threats loom. Read about his first year in office.

Take your best shot. We may be starting to lose count of new waves of Covid-19, but there is good news: nearly 70 percent of the Americas’ population had been fully immunized as of the end of June. Still, vaccination rates are not equal across the region. Check our vaccine timeline for more.

What’s coming up in Latin America? 

  • September 4: Chileans vote on whether to approve or reject the new Constitution.

  • September 7: One-year anniversary of El Salvador adopting Bitcoin as official currency.
DON'T MISS THIS
The IMF delivered some good news for Latin America this week when it revised GDP growth projections upward from 2.5 to 3.0 percent for 2022. On the other hand, trouble could be around the corner. The Fund trimmed the region’s growth forecast for 2023 amid fears of ongoing inflation and economic deceleration. (Bloomberg Línea, IMF Blog)
FAST STATS
The new issue of Americas Quarterly on supply chains is out. CFR’s Shannon O’Neil explains in the cover story that weak intraregional trade is a major factor for why Latin America has missed out on globalization’s benefits. Read how the region can turn it around.


55%

Portion of the European Union’s trade that occurs within the bloc.


38%

Portion of North America’s trade that occurs within the region.


15%

Portion of Latin America’s trade that occurs within the region.

ICYMI from Americas Quarterly Why Latin America lost at globalization—and how it can win now. Four experts explain how to harness shifting supply chains. Susan Segal argues that deglobalization means fresh challenges for Latin America. Argentine venture capitalists Hernán Kazah and Nicolás Szekasy are still betting big. The Peruvian town haunted by a famous poet.
ALGO FIREFIGHTING
Meet Liana Anderson, the Brazilian scientist who leads a group of scientists working to stop wildfires in South America before they start—a key tool in protecting the Amazon. (The New York Times)
Dear reader: El Chasqui is taking a break in August. Look for the next delivery in September.

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