IBOV 177,866 ▲ 2.97% IPSA 11,032 ▲ 0.06% IPC MEX 66,433 ▲ 0.49% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▼ 0.19% USD/MXN17.46▼ 0.47% USD/CLP922.65▼ 0.54% USD/COP3,247▼ 2.86% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.11% BRENT 76.03 ▼ 0.35% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.14% GOLD 4,121 ▼ 0.24% SILVER 60.19 ▼ 0.31% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% 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 284.72 ▲ 0.39% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 68,100 ▼ 1.45% COPEC 6,099 ▲ 1.31% BSANTANDER 78.29 ▲ 1.02% FALABELLA 5,945 ▲ 1.61% ENELAM 85.44 ▲ 1.52% CENCOSUD 2,049 ▼ 0.37% CMPC 1,108 ▲ 1.25% BANCO CHILE 187.54 ▲ 0.29% LATAM AIR 26.17 ▼ 0.87% YPF 74,400 ▼ 1.81% 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 83.06 ▲ 2.63% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 401.09 ▲ 2.34% SOUTHERN COPPER 175.85 ▲ 0.81% BUENAVENTURA 30.02 ▲ 1.59% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.26 ▲ 2.83% STONE 11.21 ▲ 2.28% GLOBANT 29.91 ▼ 4.40% TECNOGLASS 43.92 ▲ 1.81% GAP AIRPORT 235.77 ▲ 0.55% ASUR 284.72 ▲ 0.39% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.47 ▲ 0.77% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.40 ▲ 4.96% AMBEV ADR 3.06 ▲ 0.66% CSN 1.02 ▲ 6.32% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,685 ▲ 0.78% ETH 1,790 ▲ 2.61% SOL 77.74 ▼ 0.39% XRP 1.10 ▲ 0.94% BNB 574.78 ▲ 1.11% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.58% AVAX 6.73 ▲ 0.70% LINK 7.90 ▲ 2.14% DOT 0.87 ▲ 5.20% LTC 44.48 ▲ 1.63% BCH 244.98 ▲ 3.03% TRX 0.33 ▼ 0.46% XLM 0.19 ▲ 1.67% HBAR 0.07 ▼ 0.16% NEAR 1.87 ▼ 2.68% ATOM 1.59 ▲ 2.40% AAVE 96.58 ▲ 5.83% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.02 ▲ 0.72% JBS 11.90 ▲ 1.45% 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 11,032 ▲ 0.06% IPC MEX 66,433 ▲ 0.49% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 ▼ 0.19% USD/MXN 17.46 ▼ 0.48% USD/CLP 922.65 ▼ 0.54% USD/COP 3,247 ▼ 2.86% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.39% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.83 ▼ 1.10% BRENT 76.03 ▼ 0.35% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.14% GOLD 4,121 ▼ 0.24% SILVER 60.19 ▼ 0.31% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% 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 284.72 ▲ 0.39% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 68,100 ▼ 1.45% COPEC 6,099 ▲ 1.31% BSANTANDER 78.29 ▲ 1.02% FALABELLA 5,945 ▲ 1.61% ENELAM 85.44 ▲ 1.52% CENCOSUD 2,049 ▼ 0.37% CMPC 1,108 ▲ 1.25% BANCO CHILE 187.54 ▲ 0.29% LATAM AIR 26.17 ▼ 0.87% YPF 74,400 ▼ 1.81% 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 83.06 ▲ 2.63% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 401.09 ▲ 2.34% SOUTHERN COPPER 175.85 ▲ 0.81% BUENAVENTURA 30.02 ▲ 1.59% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.26 ▲ 2.83% STONE 11.21 ▲ 2.28% GLOBANT 29.91 ▼ 4.40% TECNOGLASS 43.92 ▲ 1.81% GAP AIRPORT 235.77 ▲ 0.55% ASUR 284.72 ▲ 0.39% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.47 ▲ 0.77% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.40 ▲ 4.96% AMBEV ADR 3.06 ▲ 0.66% CSN 1.02 ▲ 6.32% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,685 ▲ 0.78% ETH 1,790 ▲ 2.61% SOL 77.74 ▼ 0.39% XRP 1.10 ▲ 0.94% BNB 574.78 ▲ 1.11% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.58% AVAX 6.73 ▲ 0.70% LINK 7.90 ▲ 2.14% DOT 0.87 ▲ 5.20% LTC 44.48 ▲ 1.63% BCH 244.98 ▲ 3.03% TRX 0.33 ▼ 0.46% XLM 0.19 ▲ 1.67% HBAR 0.07 ▼ 0.16% NEAR 1.87 ▼ 2.68% ATOM 1.59 ▲ 2.40% AAVE 96.58 ▲ 5.83% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.02 ▲ 0.72% JBS 11.90 ▲ 1.45% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93%
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Opinion: winds of change – Arévalo’s left-wing triumph amid Guatemala’s echoes of the past

By · August 22, 2023 · 2 min read

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(Opinion) In a wave of transformative change, news from Guatemala and Ecuador’s electorates marked August 20 with potential shifts towards the left.

Ecuador’s political landscape showed early signs of such a shift, while in Guatemala, Bernardo Arévalo’s presidential win signaled the country’s first leftist tilt since the 1950s.

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Sandra Torres, representing the National Unity of Hope (UNE), secured 21% of the votes in the first round and advanced with 39% in the second.

Her platform’s roots trace back to 2002, leaning towards centrist ideals.

Opposing her, Arévalo of the Seed Movement garnered nearly 61% of the votes in the final round, emphasizing environmental concerns.

However, understanding the significance of Arévalo’s election requires delving into Guatemala’s turbulent past.

Bernardo Arévalo. (Photo Internet reproduction)
Bernardo Arévalo. (Photo Internet reproduction)
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The nation’s history is dotted with political unrest, notably the U.S.-backed coup 1954.

This gave rise to military regimes with an anti-leftist stance, climaxing in a prolonged civil conflict until peace accords in 1996.

MILITARY REGIME

The aftermath left over 150,000 lives lost, with indigenous communities bearing the brunt.

Arévalo’s lineage connects him to Juan José Arévalo, Guatemala’s progressive leader from 1945-1951.

Bernardo’s birthplace, Montevideo, reflects the political exile his father faced due to tensions with U.S. interests.

With substantial documentation now public, there’s no room for conspiracy theories. The lead-up to this year’s election witnessed blatant attempts to obstruct the process.

Media and political personalities were detained in 2022, and conservative factions challenged initial voting outcomes.

Ironically, these efforts inadvertently boosted Arévalo’s popularity.

Arévalo successfully integrated his leftist ideals with the wider appeal of challenging the established order.

Meanwhile, his chief competitor, Torres, veered towards a conservative narrative, capitalizing on the nation’s Cold War scars.

MINORITIES

She expressed reservations about LGBTQ+ rights and framed the Seed Movement as threatening religious freedom.

However, this new administration’s promise of a departure from the status quo is juxtaposed with a dominantly conservative Congress.

While Arévalo celebrated a decisive presidential win, the parliamentary arena remains challenging.

The question lingers – will his anti-establishment rhetoric sustain the hopes of a nation hungry for change?

Only time will tell.

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