Region - Fuel subsidies vs debt vs protests
Most countries in the hemisphere don’t have money for fuel subsidies and don’t have the political capital to cut those subsidies.
Greg Ross researched and co-authored today’s newsletter.
High oil and gas prices mean Latin American governments of all ideological stripes are considering fuel subsidies. Most of the region ate up its fiscal space through pandemic spending. Now, with high debt payments and little free cash to blunt the impact of rising prices, governments will struggle …