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☀ Domingo Brief — Three-Headed Race in Honduras

Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.

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Latinometrics
March 16, 2025 • Reading Time: 3 minutes

Welcome back to the Domingo Brief! This week, we’re keeping up with the Honduran presidential primaries, Javier Milei’s IMF saga, and more.

Trivia of the Week 🎯

A meager 11% of you correctly guessed Montevideo’s Carnaval y Candombe as the longest in the world, spanning an incredible 40 consecutive nights. The Uruguayan festival takes place from mid January to late February, drawing roots from the country’s colonial period. The Carnaval is also strongly influenced by former Afro-Uruguayan slave traditions, with its traditional “Llamadas” dance parade inspired by the slave custom to play the drums as a way of calling people to assemble in the street. While Rio and Barranquilla’s world-famous carnavals may attract more attention, neither can claim the title of longest in the world.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

Which of these Latin American presidents died by suicide?

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🇦🇷 President Javier Milei has signed an executive order pre-approving a loan agreement from the International Monetary Fund (IMF). The decree loosely meets a legal requirement in Argentina to seek congressional approval for new IMF loans, and can only be overturned if both houses of the congress vote to reject it. Milei has stated he needs about $11B from the IMF to ease the country’s strict foreign exchange controls, replenish the central bank’s foreign currency reserves, and begin repaying the more than $40B owed to the IMF from previous loan programs.

Latinometrics: Javier Milei’s congressional minority compelled him to refrain from sending the loan agreement to Argentina’s congress as an ordinary bill. While the size or terms of the loan remain undisclosed, Minister of Economy Luis Caputo (have we mentioned has assured that negotiations with the IMF are nearing conclusion. High hopes hinge on the loan’s approval, as it could significantly reduce Argentina’s overall debt burden not only around IMF repayments, but also around dollar-denominated treasury debt held by the central bank.

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