IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.35▲ 0.10% USD/MXN18.69▲ 0.07% USD/CLP983.77▼ 0.54% USD/COP3,144▼ 0.15% USD/PEN3.45▲ 0.03% USD/ARS1,538— 0.00% USD/UYU40.21▲ 3.50% USD/PYG5,803▲ 4.05% USD/BOB11.97▲ 4.12% USD/DOP61.23▲ 1.88% USD/CRC451.24▲ 2.31% USD/GTQ7.64▲ 3.15% USD/HNL26.87▲ 3.37% USD/NIO36.62▼ 0.02% USD/VES885.90▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.51% USD/TTD6.71▲ 1.96% EUR/BRL5.95▼ 0.81% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Wednesday, October 28, 2026

Latin America’s Rightward Turn: A Region Realigning With Washington

By · June 27, 2026 · 7 min read
Latin America’s rightward turn: a region realigning with Washington
Argentina’s Casa Rosada in Buenos Aires, seat of a government that has become the emblem of the region’s rightward turn.

*In barely a year Latin America has swung sharply to the right and toward Washington, with new conservative leaders in Argentina, Chile and Bolivia and presidents-elect in Colombia and Peru, leaving Brazil’s Lula and Uruguay’s Orsi as the last major figures of the left.*

Latin America is in the middle of one of its fastest political realignments in decades. One country after another has turned toward the right and toward Washington, redrawing a map that only recently tilted left.

Key Facts

  • A regional shift. In barely a year, much of Latin America has elected or installed right-leaning, US-friendly leaders.
  • The new presidents. Chile’s José Antonio Kast and Bolivia’s Rodrigo Paz are in office; Colombia’s de la Espriella and Peru’s Keiko Fujimori are presidents-elect.
  • Milei the anchor. Argentina’s Javier Milei has become the movement’s standard-bearer and Washington’s closest regional partner.
  • Venezuela’s flip. After the US seized Nicolás Maduro in January, an acting government now leans on Washington.
  • The holdouts. Brazil’s Lula and Uruguay’s Orsi are the last major leaders of the left — and Brazil votes in October.

A region moving right

Within little more than a year, voters and events have reshaped the region’s politics. Argentina, Chile and Bolivia have installed right-leaning governments, and presidents-elect in Colombia and Peru are set to follow.

The common thread is a turn away from the left-wing ‘pink tide’ of the past decade and toward smaller government, tougher security and warmer ties with the United States. It is less a single movement than a series of national votes pulling in the same direction.

Milei, the anchor

Argentina’s Javier Milei has become the emblem of the shift, pairing radical free-market economics with a close alliance with Washington. His government recently pushed a sweeping investment regime through the lower house and joined a US-led critical-minerals bloc aimed at countering China.

His example has handed the region’s new right both a template and a figurehead. Allies from Santiago to Asunción increasingly orient themselves around the same Washington-friendly axis.

The new presidents

In Chile, José Antonio Kast took office in March on a security-first, fiscally conservative platform, though a rocky start has tested his early grip. In Bolivia, Rodrigo Paz ended nearly two decades of socialist rule late last year and is now courting the International Monetary Fund and Washington.

Two more are waiting in the wings: Colombia’s Abelardo de la Espriella, a hard-right outsider who won June’s runoff and takes office on August 7, and Peru’s Keiko Fujimori, the narrow winner of June’s vote who is due to be sworn in on July 28. Both have signalled a clear tilt toward the United States.

Venezuela’s stunning turn

The most dramatic change came in Venezuela, where the United States seized Nicolás Maduro in January and an acting government under Delcy Rodríguez has since leaned heavily on Washington. The shift turned a longtime US adversary into something closer to a client state, a transformation underscored by the American-led relief effort after this week’s devastating earthquake.

It is a reminder that the region’s realignment has been driven as much by crisis and outside pressure as by the ballot box. The direction of travel, however, has been remarkably consistent.

Who is left on the left

The most prominent holdout is Brazil’s Luiz Inácio Lula da Silva, the region’s heavyweight and now one of the last major leaders of the moderate left. He faces a general election in October that will test whether the rightward tide reaches South America’s largest economy.

Uruguay’s Yamandú Orsi leads the only other significant centre-left government, though his country’s small size limits its regional weight. For now, the balance of power across Latin America has swung decisively the other way.

What to watch next

Marker When Why it matters
Brazil’s election October 2026 Decides whether the largest economy joins the turn
Colombia’s inauguration August 7 De la Espriella’s US pivot becomes real policy
Peru’s handover July 28 Fujimori takes office after a razor-thin win
The US minerals bloc Ongoing Measures how far the Washington alignment goes

For a fuller, country-by-country picture of where power now sits, see our daily Latin America Power Map, which tracks each nation’s direction of travel.

Frequently Asked Questions

Which Latin American countries have moved right?

Argentina under Javier Milei, Chile under José Antonio Kast and Bolivia under Rodrigo Paz are governing from the right, while Colombia’s Abelardo de la Espriella and Peru’s Keiko Fujimori are presidents-elect who lean the same way. Venezuela has also tilted toward Washington after a dramatic change at the top.

Why is the shift happening now?

It reflects a backlash against the left-wing governments of the past decade, frustration over crime and the economy, and a wave of elections falling close together. A warmer posture from Washington has reinforced the trend.

What happened in Venezuela?

The United States seized Nicolás Maduro in January, and an acting government under Delcy Rodríguez has since aligned closely with Washington. A longtime US adversary now behaves more like a client state, a shift made starker by the US-led relief effort after this week’s earthquake.

Who are the main left-wing holdouts?

Brazil’s Luiz Inácio Lula da Silva is the most important, and he faces a decisive election in October. Uruguay’s Yamandú Orsi leads the only other significant centre-left government, but its small size limits its regional influence.

What does the shift mean for ties with the US and China?

It points to closer cooperation with Washington on security, trade and critical minerals, and a cooler stance toward Beijing in several capitals. The new US-led minerals bloc that Argentina and Chile joined is the clearest sign of that realignment.

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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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