In Americas Market Intelligence

At year’s end, when calendars loosen their grip,
And nations inhale before history’s next sip,
We turn our gaze southward — where grandeur and strain
Intertwine like verses in political refrain.
At this late hour, candor finds its rhyme:
When truth is drunk enough to tell the time.


Luiz Inácio Lula da Silva reclines like history owes him rent,
Returned again—Brazil’s familiar precedent.
He speaks of forests with paternal ease,
As if carbon credits cured old guarantees.
He lectures North, embraces South with flair,
Trusting soy and iron ore will still be there.
Idealism flows; the glass refills fast —
The budget waits, unimpressed by the past.

Claudia Sheinbaum sits upright, numbers neatly stacked,
Governing like the state’s a coding hack.
Factories hum obediently next door,
While destiny waits at the southern shore.
The peso behaves. The models align.
Security remains a stubborn design.
An unsolved proof no chart can resolve,
Too real for theory, too big to evolve.

Javier Milei laughs loudly—faith before fact,
A chainsaw sermon in fiscal act.
He burns the past with evangelical zeal,
Then asks the market how it feels.
Inflation flinches, or ducks for cover,
No one’s quite sure which one’s clever.
Here chaos markets itself as cure,
And volatility calls itself pure.

Gustavo Petro speaks like footnotes shape the law,
As if history listens, revises in awe.
He dreams transitions paid in moral claim,
While coal & oil fund dreams without any shame.
A poet without power, verbose and sincere,
Arguing with gravity year after year.
Ideals soar high; reality painfully replies —
With unpaid bills immune to metaphors and sighs.

José Antonio Kast arrives with certainty pressed crisp,
Order restored with a jaw set tight-lipped.
Markets exhale, relieved by the tone,
Law before poetry, borders of stone.
The pendulum swings from experiment past
To discipline promised to hold, and to last.
Chile trades dreams for control once again,
Hoping stability won’t come handcuffed to pain.

Peru ends the year relieved to still exist,
Its new leader (?) armed with modest lists.
No grand crusades, no historical tone,
Just hope the state might stand on its own.
Mining pays rent; politics tread light,
Trying desperately not to pick fights.
Continuity here is revolutionary flair —
Boring, deliberate, painfully rare.

Daniel Noboa stands restless, security first,
Emergency powers quenched by fear’s ugly thirst.
Order returns at remarkable speed,
Applause rising faster than rights recede.
Authority loves a tailored suit,
But hates the moment it must commute.
Borrowed power never learns when to leave —
A lesson republics rarely believe.

Nayib Bukele enters without waiting his turn,
A lesson in power others quietly learn.
Security polished to spectacle’s gleam,
Prisons ascend faster than courts ever dream.
Approval substitutes law with a smile,
Due process delayed — temporarily, awhile.
The region objects with a carefully phrased nod,
Then asks, sotto voce, “But does it… work?” — and takes odds.

Santiago Peña speaks low, aware no one strains
To hear of a country that steadily gains.
Paraguay prospers by staying unseen,
Hydropower humming, the balance sheet clean.
No slogans, no drama, no savior in sight,
Just policy dull enough to be right.
In a room drunk on noise, his silence is skill —
Stability offered without needing a will.

Rodrigo Paz Pereira chooses each word like a test,
Balancing lithium dreams with ideological stress.
The salt flats glow softly beneath every line,
An asset too precious to mishandle, or mine.
He promises openness seasoned with care,
Reform without fracture, spreadsheets with flair.
The investors nod, the coalitions tense —
The mountain stays still, but sends out expense.

Andrew Holness speaks softly, scars well-earned,
From collapse survived to discipline learned.
Debt once crushed now trimmed with care,
Jamaica now fluent in IMF prayer.
No illusions, no grand disguise —
Just competence sharpened by size.
Here survival mastered the art of restraint,
A lesson the large pretend they can’t.

Bernardo Arévalo clears his throat, reform, but mild,
So power won’t panic or act defiled.
Anti-corruption spoken sotto voce,
So the furniture doesn’t file a case.
Progress advances by memo and writ,
By not retreating, by refusing to quit.
Hope here is procedural, painfully thin —
Which somehow makes it subversive again.

Rodrigo Chaves Robles arrives with impatience well-pressed,
A technocrat bored by procedural finesse.
Green credentials gleam like a polished display,
While diplomacy winces at what slips out mid-say.
Institutions endure, though the tone runs askew,
Stability surviving in spite of the view.
Pura Vida persists, professionally serene —
A system that works while ignoring the scene.

Luis Abinader smiles with executive ease,
Growth charts behaving, investors at ease.
Tourism ascends like a well-managed brand,
Infrastructure rising on schedule, as planned.
The optics are flawless, the narrative tight,
Stability marketed nightly as right.
Yet beneath the resort lights, the old question remains:
Who profits the most when the balance sheet gains?

José Raúl Mulino speaks like a toll booth that never sleeps,
Counting the world as it transits and creeps.
Neutrality practiced with contractual grace,
While geopolitics queue up politely for space.
The canal sets the rhythm, indifferent, exact,
As policy shadows each unspoken fact.
Panama profits by staying between —
Not choosing a side, just keeping it clean.

Nicolás Maduro counts years like sanctions, slow and grim,
While Marco Rubio sharpens resolve to finally oust him.
Washington tightens, rehearses the squeeze,
Miami applauds with practiced unease.
Maduro waits — patience turned into art,
Betting U.S. cycles will fracture the start.
Pressure grows loud; endurance stays mute —
In Caracas, survival remains the dispute.

Irfaan Ali smiles as oil rewrites the nation’s scale,
A quiet state suddenly priced wholesale.
From rice and sugar to barrels offshore,
Guyana wakes rich — and asks, “What for?”
The world lines up with advice and demand,
Each bearing a map and a contract in hand.
Ali bets prudence can outlast the rush —
That the boom won’t spoil what pork-knockers learned in the bush.

Miguel Díaz-Canel sits rigid, caretaker-in-chief,
Administering continuity, without much belief.
Reforms announced with ceremonial care,
Ensuring arrival is always elsewhere.
The past fills every available seat,
The present queues with obedient feet.
Stability here is not victory won —
It’s the art of ensuring nothing is done.

The United States enters, confident, late,
Assuming the room will recalibrate.
Donald Trump speaks of tariffs, borders, transactional creed,
Calling distance strategy, neglect a need.
Latin America framed as buffer and source,
A problem managed by economic force.
Yet supply chains drift where wages pull,
Ignoring speeches entirely, as per usual.

Canada follows, spreadsheets polished and neat.
Mark Carney prices virtue before taking a seat.
Climate risk, transition risk, geopolitical strain —
All hedged, all modeled, none explained.
Canadian power now actuarial, clean,
Mining clauses wrapped in ESG sheen.
From lithium flats to copper seams,
Its capital advances without extremes.

China sits quiet, tea cooling, eyes on the floor,
While others proclaim what leadership’s for.
No lectures, no deadlines, no moral display —
Just ports quietly funded, issuing debts that will stay.
Washington shouts; Beijing takes notes,
Signs longer contracts, builds deeper moats.
Let rivals run fast, burn bright, then fade —
The long game rewards those willing to wait.


So here’s to a region loud, brilliant, and bold,
Where politics age fast — but the stories never get old.
From chainsaws to spreadsheets, from canals to code,
Latin America dances beneath history’s load.

May next year bring growth that’s less aspirational,
Fewer emergencies labeled “situational,”
And leaders who govern with courage and grace —
Or at least fewer tweets that spook the whole place.

Cheers to 2026 — same drama, new rhyme. 🍾

author avatar
John Price
John Price is the Managing Director of Americas Market Intelligence. With 20 years of experience in Latin American market intelligence consulting, John has supervised nearly 1,200 client engagements and advises clients in more than 20 countries across Latin America. John’s areas of focus for AMI Perspectiva include Latin America’s natural resources, logistics and industrial products industries.
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