Large Scale protests in Latin America.

 The ever-increasing inflation has had a terrible impact on Latin American countries. The fuel prices have skyrocketed along with the daily essentials such as food and electricity. Blackouts have now become a common scenario for most of Ecuador. The country-wide protests in Ecuador have resulted in country-wide protests with strict governmental lashes of police and military to the common. 

In contrast to Ecuador, in Mexico, the government is trying its best to control the fuel prices. The government is taking up to 35% of the fuel prices blow to save widespread discontent. 

Truckers have blocked the nation's highways in Argentina and hobbled all the grains to critical ports. Argentina seems a bit too much in trouble after it spent 11 billion in subsidies in 2021. Thus, it has to take several measures to cut back its cost and comply with the IMF loan agreement, which seems quite hard for the coalition government ruling in Buenos Aires today. 

Causes:  The main causes of these widespread problems are eventually related to the grain hoardings and fuel shortages caused due to the Ukraine-Russia war. There is a tiny possibility that even after the war ends, relief to Latin America wouldn't come soon as every country would be dealing with its own problems.

Effects: Like in Brazil, the government is lashing out at the government oil agency to distribute oil freely to truckers which resulted in severe backlash from the opposition, the government rule would be hard to control.  Inefficient distribution of resources will be the next victim of Inflation.

What this means for you: Latin America has emerged as a global energy reserve, along with being a traditional cultural hotspot for tourism. With such difficult times for the ruling governments including Jair Bolsonaro's Brazil, the efficient distribution of resources is hard to be amiss. exploitations and poverty would soon run high if the situation is not controlled. 

Support Links: 

Ecuador President resigns

High Inflation run

Argentina's spendings

Petrobras fuel distribution mistake

Mexican brave steps

Change of governments in Costa Rica

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