The Americas Quarterly Podcast

The capture of Nicolás Maduro in Venezuela was one of the most dramatic developments in U.S.-Latin America relations in more than 30 years. In Venezuela, a country that has suffered for more than a decade from repression, economic depression and an exodus of more than 8 million people, it opened the door for change. Yet, days after the arrest, the Chavista government is still in charge, led by Maduro’s former vice president Delcy Rodríguez. The Chavista regime has been a master at appearing to negotiate while stalling and hoping for their counterparts to lose focus or support. Will President Trump be able to influence Rodríguez, and the remaining Venezuelan power structure, in the manner he claims possible? What leverage does he have in Caracas?  In this episode, we speak with Andrés Martínez-Fernández, Senior Policy Analyst at the Heritage Foundation’s Allison Center for National Security, about what’s next for Venezuela and the impact it will have on other countries in the region, such as Colombia, Mexico, and Cuba.

Despite trade tensions and political uncertainty, 2025 was not a bad year for Latin America's economies, with growth of around 2.4 percent, broadly in line with post-pandemic trends. In this episode we look ahead to 2026 and analyze the outlook for the region, from fiscal pressures and a pivotal election in Brazil to uncertainty around Argentina’s recovery under Javier Milei and the evolving trade relationship between Mexico and the United States. To unpack which countries and sectors look strongest, and where the biggest risks lie, we’re joined by Nur Cristiani, head of LATAM investment strategy at J.P. Morgan’s Private Bank. 

2025 has been an extraordinarily active year for U.S. policy in Latin America. With the release of President Donald Trump’s new National Security Strategy, which places the Western Hemisphere first and promises to “reassert and enforce the Monroe Doctrine,” along with a new “Trump Corollary” aimed at countering China’s influence, the trend has become even clearer. We discuss the defining features of this assertive approach and what it means for governments, businesses, and regional stability. Our guest os Ricardo Zúniga, former principal advisor for the Americas to President Barack Obama and now founding partner at Dinámica Americas.

Right-wing candidates are gaining victories across Latin America. Chile will likely turn right in the upcoming second round of elections, Javier Milei made legislative gains in Argentina and in Bolivia recent elections ended 20 years of Movimiento al Socialismo (MAS) party leadership. With key races ahead in 2026, some analysts say the right could become the region’s dominant political force, echoing the sweeping “pink tide” of the early 2000s, but in the opposite ideological direction. Is this a historic turn, or are voters simply rejecting whoever is in power? In this episode, we debate this question with Oliver Stuenkel, Senior Fellow at the Carnegie Endowment for International Peace, and ask what it could mean for the years ahead.

Chileans head to the polls this Sunday, November 16. In the last election cycle, Gabriel Boric won following the massive 2019 protests that shook the nation to its core. At the time, it seemed Chile was set for sweeping structural change: the classic poster child for neoliberal economic policy in Latin America appeared ready to build a stronger welfare state and elect leaders from the left. Six years later, some change has occurred, but not nearly as dramatic as many expected. Efforts to rewrite the constitution were aborted twice, and the young leftist president, Gabriel Boric, is leaving office with an approval rating of just 30%. Chileans have turned their attention to other issues, especially crime, which has worsened notably over the past decade. The widespread expectation is that voters will opt for a change in power, and that Chile will join several other Latin American countries swinging to the right.In this episode, we speak with Patricio Navia, a Chilean political scientist, about what this could mean for Chile’s economy and strategic alliances. Navia is a professor at both New York University and Universidad Diego Portales.