Martin Langfield is a columnist and production editor for Reuters Breakingviews, based in New York. He has worked for Reuters since 1987 as a correspondent, news editor and bureau chief, serving in London, Madrid, El Salvador, Mexico, Miami and New York. Martin, who also headed Reuters journalism training programs for three years, studied at Trinity Hall, Cambridge University, graduating with a first-class degree in Spanish and French Languages and Literature. He also studied indigenous literature for a year at Mexico’s National Autonomous University, and is a published novelist.
Presidential front-runner López Obrador has pledged to root out corruption and dampen drug violence while boosting the economy and lifting up the poor. That may win him Sunday’s election, but such goals require strong institutions and fiscal nous. His rise may bring the opposite.
The replacement of the central bank chief should help stabilize the peso, along with IMF assistance, despite Thursday’s 6 percent drop. It’s all part of President Macri’s long haul to turn his country’s economic pathology into more mainstream travails. It won’t be smooth going.
Conservative Ivan Duque leads polls ahead of Sunday’s presidential runoff. He is the more markets-friendly candidate, though his animosity to a peace deal with FARC rebels and Colombians’ distrust of business and political elites may spell discord if he wins, spooking investors.