Latin America has been at the center of the world’s attention in 2026—and not only because of Venezuela. This week, we take a step back to understand the current moment and its implications for the region’s long-term outlook, from the U.S. military operation in Venezuela, to the future of USMCA, and upcoming elections in Peru, Colombia, and Brazil. What do recent events mean for Latin America’s political and economic future?

Our guest is Michael Reid, journalist, author and former Latin America editor for The Economist.