Hello, and welcome to the Latin America Weekly newsletter! In this issue: Referendum in Ecuador throws some ambivalent results. Pope Francis sides with peasants against Peru’s Catholic clergy. And fintechs fight for Mexico’s giant market.
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Ecuador backs cartel crackdown, rejects economic reforms
Ecuador President Daniel Noboa celebrated victory after voters said yes to a series of referendum proposals looking to toughen up the fight against crime, but results were more nuanced than analysts expected, as the two questions focusing on economic matters were rejected en masse.
👉 Why it matters. As the rise of cartel violence turned a country that was once relatively peaceful into the new Latin American crime hotbed, Ecuadorians have been desperately seeking answers, and warmed up to the recently elected Mr. Noboa when he declared war on drug cartels earlier this year.
- The win will empower Mr. Noboa in his goal to secure re-election after his special shortened term ends in 2025. But the electorate’s pickiness shows that he is still far from the catch-all...
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