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☀ Domingo Brief — Milei’s Moment of Reckoning
Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.
Latinometrics
October 26, 2025 • Reading time: 4 minutes
Welcome back to the Domingo Brief! This week, we’re following tracking Brazilian oil drilling, Paraguayan crypto mining, and more.
The Latinometrics team got to present an exclusive analysis of upcoming regional elections to the annual Forecast on Latin America and the Caribbean hosted by the Association of American Chambers of Commerce in Latin America and the Caribbean (AACCLA).
Trivia of the Week 🎯
Just over a third (36%) of you correctly guessed the Bronx as the New York City borough shouted in the album opener to Bad Bunny’s most recent album, January’s DeBÍ TiRAR MáS FOToS. The first song on the album, “NUEVAYoL,” explores Puerto Rican identity and shouts out traditional Puerto Rican neighborhoods in the song’s titular city, including the Bronx as well as Washington Heights in Upper Manhattan.
Each week, tune back in for the answer to the previous week’s trivia question. No cheating!
In 1914, National City Bank (today Citibank) opened the first overseas banking office for a US bank in which Latin American city? |
🇦🇷 Argentina is holding midterm legislative elections today which are widely seen as a referendum on the administration of President Javier Milei, who has successfully brought down national inflation but has struggled to deliver the economic growth — and greater purchasing power for citizens — he promised as a candidate. The controversial libertarian president suffered a big blow following a major loss in last month’s election in the province of Buenos Aires, and has otherwise seen his year-long honeymoon period ended by scandals involving both himself and major figures in his La Libertad Avanza party.
Latinometrics: Milei’s entire economic project is on the line in this election. While an outright majority is mathematically impossible to obtain, given how few seats are up for grabs, too big a loss could mean a hostile Congress that could override his presidential vetoes. Milei’s coalition also needs to consider how investors will react to, say, a large Peronist victory, as last month’s results sent markets into a tailspin and forced the government to step in and spend foreign reserves to stabilize the currency. The government was helped in this effort by a reported $40B bailout and currency swap floated by the Trump administration—on the condition that Milei does well in this election.
🇧🇴 Rodrigo Paz, a 58-year old centrist lawmaker and the son of a former president, has been elected the President of Bolivia with 54.5% of the vote and will take office on November 8th. Born in Galicia, Paz was educated in Washington, D.C. and has been serving as a senator since 2020. Previously, he was the mayor of Tarija (2015-2020) and a member of the Bolivian chamber of deputies (2002-2010). Paz will take office in a country facing profound economic crisis, including dismal foreign reserves, as well as a sprawling informality rate of over 80%. He also hopes to rebuild his country’s relations with the US, Europe, and multilateral financial institutions such as the World Bank and International Monetary Fund.
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