Latin America & Caribbean
What We’re Watching: Colombia’s “anti” runoff, Pacific meh on China, Sudan ends emergency
A supporter of Colombian presidential candidate Rodolfo Hernandez in Bogota.
REUTERS/Vannessa Jimenez
Colombians wanted change? Well, now they’ll have no choice! In the first round of the country’s presidential election on Sunday, the top two finishers were leftist opposition leader Gustavo Petro (40%) and Rodolfo Hernández (28%), an independent populist tycoon who surged late in the campaign with an anti-corruption message. The two will head to a runoff on June 19. Both promise a radical reorientation of the Andean country at a time of high inequality, rising violence, and simmering social tensions. For Petro, the answer lies in super-taxing the rich, massively expanding the social safety net, and decarbonizing the economy. Hernández, meanwhile, wants to slash taxes, shrink the state bureaucracy, and even legalize cocaine. We’ll have more to say ahead of the runoff, but for now: has the election of any other major economy in recent memory featured a presidential runoff between TWO stridently anti-establishment figures like this?
In a stunning rebuke, eight Pacific countries spoiled China's big (virtual) summit for the region by turning down — for now — a wide-ranging partnership proposal with Beijing that Western powers view as a Trojan horse. "The Pacific needs genuine partners, not superpowers that are super-focused on power," Fiji's PM Frank Bainimarama tweeted Monday after meeting Chinese Foreign Minister Wang Yi. Yi has been on a whirlwind tour of the region to rally support for Xi Jinping’s vision for the region. But his trip started on the wrong foot when Fiji signed up Friday for the US-led Indo-Pacific Economic Framework, Washington's latest answer to China’s Belt and Road Initiative. The double snub was welcomed by Australia, who's the most worried about Beijing gaining influence in the neighborhood. Still, China has already scored an important goal by signing a controversial security deal with the Solomon Islands — and is negotiating a similar agreement with Kiribati. Wang tried to allay fears, urging Pacific island countries to not be "too anxious" to pass on Beijing’s offer. So we expect the geopolitical point-scoring between China and the West to continue.
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The war in Iran is entering a more dangerous phase.
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In this Quick Take, Ian Bremmer breaks down the escalating US-Israel war with Iran and its ripple effects on global markets and supply chains.
As missiles fly and oil prices soar, the Iran war is exposing another major resource vulnerability in the Middle East: water. Fresh water has been a scarce commodity in a region defined by a dry climate and low rainfall, but attacks on the region’s desalination plants, which convert seawater into drinking water, threaten to open a new front.