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Monday Memo: Chile-Peru Maritime Dispute -- CELAC Summit -- Argentina's Economy -- São Paulo Protests -- Belize-Guatemala Agreement

Likely top stories this week: the International Court of Justice will rule on the Chile-Peru Maritime border; the CELAC Summit begins on Tuesday in Havana, Cuba; Argentina begins easing restrictions on purchasing US dollars; protesters of the World Cup clash with police in Sao Paulo; Belize and Guatemala sign an agreement at the OAS.

International Court to Rule on Chile-Peru Maritime Dispute: The United Nations’ International Court of Justice in The Hague is due to make a decision today on Peru and Chile’s disputed maritime border. The ruling will decide which country owns 38,000 square kilometers (14,670 square miles) of ocean, which includes one of the world’s richest fishing grounds with an annual catch of $200 million. If Peru wins the dispute, some 2,000 Chilean fishermen fear they could lose their jobs. Presidents of both countries have each said they will adhere to whatever decision the court makes.

CELAC Summit Begins in Havana: World leaders from around the hemisphere are traveling to Havana, Cuba this week for the two-day Community of Latin American and Caribbean States (CELAC) summit, which begins tomorrow. Thirty-two heads of state will be attending the summit, including presidents Dilma Rousseff of Brazil, Cristina Fernández de Kirchner of Argentina, Evo Morales of Bolivia and Raul Castro of Cuba, among others. Dozens of dissidents have been detained in a new “wave of political repression” ahead of the summit. Activist Guillermo Farinas has been kept under house arrest for three days, and as many as 100 members of the Ladies in White have been arrested to prevent them from attending a forum on human rights on Tuesday.

Argentina Lifts Restrictions on Purchasing U.S. Dollars: Argentina’s Economy Minister Alex Kicollof announced on Friday that it was relaxing restrictions on the purchase of U.S. dollars starting Monday. The decision came amid a 28 percent inflation rate and the sharpest slide in the value of the Argentina peso since the 2002 economic collapse. However, in an interview published by Pagina 12 on Sunday, Kicillof said that the lowering of the tax rate on credit card purchases made in U.S. dollars from 35 percent to 20 percent would not happen on Monday, with no indication of when the change will happen. It’s not clear whether the easing of restrictions will be enough to stabilize the country, given the already high inflation rate and the general lack of confidence in the government—from chronic blackouts, recent looting in the provinces, and President Kirchner’s recent absence—that has grown.

World Cup Protests in São Paulo Turn Violent: Protesters clashed with police this weekend in São Paulo, where thousands had taken to the street to protest the cost of the 2014 World Cup. More than 130 protesters were arrested, and one man is in critical condition after being shot by police for allegedly carrying an explosive in his backpack. The Anonymous Rio protest group organized the demonstrations using social media and called it “Operation Stop the World Cup”. Following the massive protests last year, Brazil has seen “rolezinhos—flash mobs by young people from the favelas targeting affluent shopping malls —crop up across the country.

Belize and Guatemala Sign Bilateral Agreement: The foreign ministers of Belize and Guatemala met with Organization of American States (OAS) Secretary General José Miguel Insulza over the weekend, and signed on to a “Road Map and Plan of Action” to deepen transnational cooperation. According to Insulza, the agreement will allow the two countries to “develop significant projects in the areas of the environment, security, labor, immigration, health or education, (which) helps people to get to know and value each other.” Through the agreement, both nations also pledged that they will adhere to the International Court of Justice’s ruling on the pending territorial dispute.

Any opinions expressed in this piece do not necessarily reflect those of Americas Quarterly or its publishers.
Tags: Chile-Peru relations, CELAC, Brazil protests, Belize, Guatemala

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