Welcome back to Foreign Policy’s Latin America Brief.
The highlights this week: The region’s so-called second pink tide comes to an end, Bolivia secures a $1.9 billion IMF loan, and the United States ends deportation protections for Haitians.
Right-wing lawyer Abelardo de la Espriella will be inaugurated as Colombia’s president on Friday. He replaces Gustavo Petro, the latest in a string of left-wing Latin American leaders to leave office amid the region’s broader shift toward the right.
When Petro and his ideological allies were elected in the wake of the COVID-19 pandemic, their victories were so widespread that many observers dubbed the phenomenon a “second pink tide,” recalling the wave of left-leaning and socialist governments that swept through Latin America from the late 1990s to the early 2010s.
The first pink tide transformed the domestic and foreign policies of many South American countries, which increasingly turned toward one another to pursue a shared agenda of regional integration.
