IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▼ 0.04% USD/MXN17.51▲ 0.23% USD/CLP923.90▼ 0.41% USD/COP3,242▲ 0.06% USD/PEN3.41▲ 0.42% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.03% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.82▼ 0.79% BRENT 79.08 ▲ 4.04% WTI 74.31 ▲ 4.06% IRON ORE 161.91 — — COPPER 6.23 ▼ 0.12% GOLD 4,081 ▼ 0.56% SILVER 58.92 ▼ 1.49% SOY 1,197 ▲ 0.06% CORN 467.00 ▲ 6.62% WHEAT 647.25 ▲ 2.41% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,434 ▼ 0.58% ETH 1,807 ▲ 1.07% SOL 76.48 ▼ 0.45% XRP 1.08 ▼ 1.48% BNB 572.86 ▼ 0.35% ADA 0.16 ▼ 3.29% DOGE 0.07 ▼ 0.68% AVAX 6.46 ▼ 1.41% LINK 8.01 ▲ 1.06% DOT 0.83 ▼ 2.47% LTC 43.94 ▼ 1.69% BCH 240.30 ▼ 1.68% TRX 0.33 ▲ 0.36% XLM 0.19 ▼ 0.91% HBAR 0.07 ▼ 1.18% NEAR 1.89 ▲ 1.32% ATOM 1.55 ▼ 2.00% AAVE 96.58 ▼ 1.68% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 ▼ 0.04% USD/MXN 17.51 ▲ 0.23% USD/CLP 923.90 ▼ 0.41% USD/COP 3,242 ▲ 0.06% USD/PEN 3.41 ▲ 0.42% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.37% USD/PYG 6,055 ▲ 1.45% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.03% USD/CRC 448.82 ▲ 1.41% USD/GTQ 7.63 ▲ 2.31% USD/HNL 26.72 ▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.40% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.82 ▼ 0.79% BRENT 79.08 ▲ 4.04% WTI 74.31 ▲ 4.06% IRON ORE 161.91 — — COPPER 6.23 ▼ 0.12% GOLD 4,081 ▼ 0.56% SILVER 58.92 ▼ 1.49% SOY 1,197 ▲ 0.06% CORN 467.00 ▲ 6.62% WHEAT 647.25 ▲ 2.41% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,434 ▼ 0.58% ETH 1,807 ▲ 1.07% SOL 76.48 ▼ 0.45% XRP 1.08 ▼ 1.48% BNB 572.86 ▼ 0.35% ADA 0.16 ▼ 3.29% DOGE 0.07 ▼ 0.68% AVAX 6.46 ▼ 1.41% LINK 8.01 ▲ 1.06% DOT 0.83 ▼ 2.47% LTC 43.94 ▼ 1.69% BCH 240.30 ▼ 1.68% TRX 0.33 ▲ 0.36% XLM 0.19 ▼ 0.91% HBAR 0.07 ▼ 1.18% NEAR 1.89 ▲ 1.32% ATOM 1.55 ▼ 2.00% AAVE 96.58 ▼ 1.68% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93%
since 2009
Monday, July 13, 2026

Latin America Brazil

Argentina Seeks Mexico’s Support to Promote Progressive Approach in Latin America

By · November 5, 2019 · 5 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Argentina intends to promote a progressive approach in Latin America through Mexico. Convincing Andrés Manuel López Obrador to actively engage in this endeavor is the main reason for Alberto Fernández’s first trip as president-elect of the South American country.

Argentine President-elect Alberto Fernández (left) and Mexican President Manuel López Obrador (right).
Argentine President-elect Alberto Fernández (left) and Mexican President Manuel López Obrador (right). (Photo: internet reproduction)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Fernández met on Monday with the Mexican president, whom he sees as an ally to consolidate left-wing groups in the region, bewildered by years of setbacks and the authoritarian course taken by Venezuela, and which achieved a degree of alacrity after protests in several countries and the triumph of both leaders.

Fernández hopes that López Obrador will also join the Puebla Group (Grupo de Puebla), a newly created center in which some 30 politicians are involved and which the President-elect of Argentina has helped to build.

The fact that the Peronist leader’s first trip abroad is to Mexico, not to Brazil, provides a glimpse of what the new government’s foreign policy priorities will be. Fernández’s relationship with Jair Bolsonaro is fraught, to such an extent that the Brazilian president said that the Argentinians had “made a bad choice” and that he was not willing to congratulate the new president.

Argentina and Brazil are partners in Mercosur, and their economic dependence forces them to reach a consensus.

Fernández feels that everything will be easier with López Obrador. On the one hand, he will find an ideological ally to ease tension with Bolsonaro. In Buenos Aires, López Obrador is said to have a good relationship with Donald Trump and is confident that the Mexican president can work as a kind of mediator between Argentina and the International Monetary Fund (IMF) in mutual negotiations.

Should the process fail, Mexico could also be an ally, all the more so if the country’s economy continues to recede. López Obrador devoted much of his first year in office to dismissing the country’s neoliberal model as dead and, on more than one occasion, in the purest Kirchnerist style, blamed the markets for the collapse of his country’s economy.

Members of the Forum of Puebla making the 'Lula Livre' ("Free Lula") gesture.
Members of the Forum of Puebla making the ‘Lula Livre’ (“Free Lula”) gesture. (Photo: internet reproduction)

Fernández’s gamble, however, also faces an obstacle: foreign policy is not a priority for López Obrador, who has not left the country for two years and, as president, has not wanted to attend the G20 summit or the UN General Assembly. The President-elect of Argentina will rely on the support of Mexican Foreign Minister Marcelo Ebrard, who has emerged as a kind of head of state abroad since he represents López Obrador in all events.

Fernández’s visit to Mexico is also intended to promote the Puebla Group, a leftist policy center founded last July and made up of some 30 people, including former Latin American presidents, foreign ministers, and politicians.

Its creator is former Chilean presidential candidate Marco Enríquez-Ominami, who is very close to Fernández, who has closely followed the group’s conception – named after the Mexican city because its first meeting was held there. However, López Obrador’s government did not play an important role. That is why Fernández will try to integrate it more actively this week.

Sources in the Mexican government say that although the group is not within the priorities of its foreign policy, the initiative is “interesting”. Former Brazilian presidents Luiz Inácio Lula da Silva and Dilma Rousseff, Ecuadorian Rafael Correa and Colombian Ernesto Samper are part of the initiative. The only non-Latin American participant is Spanish President José Luis Rodríguez Zapatero.

“We intend to reflect and politically organize ourselves to achieve regional progressive consensus. Consensuses that allow social prosperity, that allow us to progress towards societies with a market. The market is an instrument, not an end,” said Enríquez-Ominami, while not hiding his joy that two circumstances favorable to his initiative — Fernández’s triumph and the social protests in several Latin American countries — have coincided in time.

“Conservative governments have led to more poverty, social and economic inequality and more stressed societies in the face of the inaction of these governments in the face of injustices. That is why we feel it is time to unite to face of these challenges. Patience is converted into contempt in the face of injustice,” says the Chilean politician.

Venezuelan issues

The concept flowing among the Argentinian partners of the Puebla Group is to establish a Latin American alliance between Buenos Aires and Mexico City, which will serve both as a firewall for the excesses of Brasília and a “progressive” alternative to the Pacific alliance aligned with the United States – the Foreign Ministers of the Pacific Alliance will meet in Brasília on Friday.

Fernandez intends to follow López Obrador's position in Venezuela, that is, to advocate against external interference in Venezuela
With respect to Venezuela, Fernandez intends to follow López Obrador’s position and advocate against external interference. (Photo: internet reproduction)

“Part of the solution is regional cooperation, which is why the link with Mexico is important so that Mexico can look at the region and not just at its northern partners. We have to seek a closer relationship. There is a predisposition and there are possibilities for further integration,” said Jorge Taiana, former Chancellor of Cristina Kirchner and member of the group. The background noise is always the same: Venezuela.

The Argentinians of the Puebla Group consider that the Lima Group is following the United States in its policy of isolation of Venezuela, “a policy that Peronism does not consider successful”.

“There are many of us in the region who believe that this does not solve the problems and leaves the door open for intervention. All of us in the group share a sense of respect for sovereignty and believe that Venezuela’s issues should be resolved democratically by Venezuelans,” said Taiana.

“I seek to unite the entire region so that peace can be found this way. It is clear that a parallel government has not succeeded. Helping or assisting is not the same as intervening. And, therefore, we hope that the discussions between the opposition and the government will bear fruit. Nobody can evade a negotiated solution”, adds Enriquez-Ominami.

Thus, Mexico re-enters the Peronist map. Fernandez intends to follow López Obrador’s position in Venezuela, that is, to advocate against external interference in Venezuela – at least in rhetoric – but he does not rule out the option of becoming a decisive player in the search for a way out either.

In any event, having a representative who has been elected president reinforces Argentina’s role in the group. Next weekend, Buenos Aires will host its second meeting, which will be co-chaired by Alberto Fernández and Bolivian Vice President Álvaro García Linera

Everything seems to suggest that a document with general views on the need to contain the advance of neoliberalism will emerge there, but all eyes will be on Fernández’s debut as an organizer.

“There is a reality that needs a redefinition. If the system does not provide answers, we have social conflicts and it is our obligation to find a political solution. The elections in Argentina were an example of a way out because the crisis has found some way to change politics,” Taiana said.

Source: El País

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.