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LATIN AMERICA ADVISOR a DAILY PUBLICATION of the DIALOGUE Tuesday, April 28, 2020

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LATIN AMERICA ADVISOR a DAILY PUBLICATION of the DIALOGUE Tuesday, April 28, 2020 LATIN AMERICA ADVISOR A DAILY PUBLICATION OF THE DIALOGUE www.thedialogue.org Tuesday, April 28, 2020 BOARD OF ADVISORS FEATURED Q&A TODAY’S NEWS Diego Arria Director, Columbus Group ECONOMIC Devry Boughner Vorwerk Will a Public-Private Venezuela’s El CEO, DevryBV Sustainable Strategies Aissami Tapped Joyce Chang Global Head of Research, Hospital Deal Help as Oil Minister JPMorgan Chase & Co. Venezuelan President Nicolás Paula Cifuentes Maduro named Tareck El Aissami, Director of Economic & Fiscal Affairs, Ailing Mexicans? a longtime Socialist Party member Latin America & Canada, Philip Morris International whom the United States has Marlene Fernández accused of drug trafficking, as Corporate Vice President for Venezuela’s oil minister. Government Relations, Page 2 Arcos Dorados Peter Hakim President Emeritus, BUSINESS Inter-American Dialogue Donna Hrinak Copa Airlines President, Boeing Latin America Says Pandemic Jon E. Huenemann Former Corporate and May Drive it Government Senior Executive Out of Business James R. Jones Mexican President Andrés Manuel López Obrador’s government is working with private hospi- Chairman, Panama-based Copa Airlines said tals in order to handle the influx of patients with Covid-19. // File Photo: Mexican Government. Monarch Global Strategies it may not have enough cash to Craig A. Kelly survive the coronavirus pandemic, Director, Americas International Mexico’s government on April 13 announced a partnership despite cutting costs. Gov’t Relations, Exxon Mobil Page 3 John Maisto in which private hospitals will allocate half of their available Director, U.S. Education beds to the public-sector health system in order to treat Finance Group Q patients with health matters unrelated to Covid-19 so that POLITICAL Nicolás Mariscal Chairman, the public health system can focus on treating patients infected with the Brazil’s High Grupo Marhnos novel coronavirus. The month-long partnership will last until May 23 and Court Starts Probe Thomas F. McLarty III Chairman, will free up 3,115 beds in public-sector health facilities, the government of Bolsonaro McLarty Associates said. How significant is Mexico’s partnership for the “single national Brazil’s Supreme Court launched Carlos Paz-Soldan Partner, health care system” in the country’s fight against the pandemic? Is the an investigation of President DTB Associates, LLP move a step toward universal government-provided health care in Mex- Jair Bolsonaro after his outgoing Beatrice Rangel justice minister, Sérgio Moro, Director, ico? How would more government involvement in health care in Mexico accused him of trying to interfere AMLA Consulting LLC affect the private health sector and patients? with probes of the federal police, Jaana Remes whose head Bolsonaro fired. Partner, Page 2 McKinsey Global Institute Nicolás Mariscal, member of the Advisor board and Ernesto Revilla Head of Latin American chairman of Grupo Marhnos in Mexico City: “More than 140 Economics, Citi private hospitals will join this month-long initiative to use Gustavo Roosen Chairman of the Board, half of their beds during ‘Phase 3’ of its contingency plan, Envases Venezolanos A for patients with diseases other than Covid-19. Hence, public hospitals Andrés Rozental and clinics will mainly serve patients with the novel coronavirus. Private President, Rozental & Asociados institutions will not profit from this deal, as the price of medical attention Shelly Shetty will be very low. This agreement showcases the importance of pub- Managing Director, Sovereigns Fitch Ratings lic-private partnerships, especially during critical situations. The current administration has boasted of its intention of fusing all public institutions into a single national health care system, with free access for everyone. However, current facilities and infrastructure cannot satisfy the potential demand for beds and services of this unprecedented situation. Universal Bolsonaro // File Photo: Brazilian Government. Continued on page 3 COPYRIGHT © 2020, INTER-AMERICAN DIALOGUE PAGE 1 LATIN AMERICA ADVISOR Tuesday, April 28, 2020 POLITICAL NEWS The Supreme Court’s investigation of Bolson- NEWS BRIEFS aro comes as the president is under criticism Brazil’s Supreme due to his handling of the Covid-19 pandemic. El Salvador’s Bukele Bolsonaro has downplayed the threat of the Authorizes Lethal Force Court Launches novel coronavirus, of which Brazil has more than 67,000 confirmed cases and more than Against Gang Members Probe of Bolsonaro 4,600 related deaths. [Editor’s note: See related Salvadoran President Nayib Bukele has Q&A in the April 23 issue of the Advisor.] authorized the country’s police and army to Brazil’s Supreme Court on Monday launched an use lethal force against gang members, whom investigation of President Jair Bolsonaro after he says are taking advantage of the Covid-19 outgoing Justice Minister Sérgio Moro accused ECONOMIC NEWS pandemic, CNN reported today. Bukele said he the president of trying to interfere with probes was allowing lethal force “against the terrorists of the country’s federal police, The Washington Venezuela’s Maduro who are carrying out imminent threats against Post reported. Moro resigned last week after the physical integrity of the population.” Bolsonaro fired Federal Police Chief Maurício Names El Aissami Valeixo. In stepping down, Moro accused Bol- sonaro of dismissing Valeixo in order to gain as Oil Minister access to classified information and curtail Costa Rica Announces police investigations of his supporters. “The Venezuelan President Nicolás Maduro on Measures to Begin Easing president emphasized to me, explicitly, more Monday named Tareck El Aissami, a close ally Pandemic Restrictions than once, that he wanted someone who was who is accused by the United States of drug Costa Rica’s government on Monday an- a personal contact, whom he could call, from trafficking, as the country’s oil minister, The nounced measures to begin easing coronavirus whom he could get information, intelligence re- Wall Street Journal reported. According to restrictions starting May 1, with theaters, ports,” said Moro. The outgoing justice minister Venezuela’s official gazette, El Aissami will be gyms and athletic centers allowed to reopen also sent news program National Journal pho- responsible for reorganizing the country’s en- during the week with limited capacity, the Tico tos of messages from Bolsonaro that appeared Times reported. However, some of the stricter to back up his allegation. Two of Bolsonaro’s measures, including border restrictions and the sons, Flávio and Carlos, are the targets of closure of beaches, are likely to be extended embezzlement investigations. Carlos Bolsona- beyond May 15, said Health Minister Daniel ro is also reportedly under investigation on alle- Salas. The government will increase or roll gations that he created a fake news scheme back measures every 15 days after evaluating to spread misinformation. The president dis- the spread of the virus, it said. Costa Rica has missed the allegations as baseless, adding that reported 697 cases of Covid-19 and six deaths. he did not try to protect family members from investigations. He added that, as president, he was within his authority to fire the police chief. El Aissami // File Photo: Venezuelan Government. “The prerogative is mine, and the day I have to ergy sector, amid strict U.S. sanctions against S&P Downgrades submit to any of my subordinates, I cease to be the government, nationwide fuel shortages Outlook for Chile president of the republic,” he told reporters last and declining crude production. Venezuela’s Ratings agency S&P on Monday downgraded week. Bolsonaro has named André Mendonça, oil output has plunged to 600,000 barrels a day Chile’s outlook to negative from stable, adding who was the head of Brazil’s Solicitor Gener- from about 3.5 million barrels a day when Mad- that it could revise down the country’s credit al’s Office, as Moro’s replacement as justice uro’s predecessor, Hugo Chávez, was elected in rating in the next two years due to the risk of minister, the Rio Times reported, citing the 1998. El Aissami is a longtime Socialist Party a prolonged period of low economic growth, government’s official gazette. Moro, a popular member and one of Maduro’s top economic Reuters reported. For now, it maintained Chile’s former judge, oversaw Brazil’s sprawling “Car advisors, and he also serves as vice president sovereign rating at A+/A-1, but increased Wash” anti-corruption investigations. His alle- for the economy and industry minister. The global uncertainty, risks of weak recovery in gations against Bolsonaro could form the basis United States blacklisted him in 2017, accusing global trade and likely social protests in the of an impeachment case against Bolsonaro, him of being a narcotic kingpin. El Aissami country could hit the Chile’s economy and The Washington Post reported. A poll released has denied the charges. Also on Monday, erode public finances, S&P said. [Editor’s note: Monday showed that 57 percent of Brazilians Maduro appointed Asdrúbal Chávez to head See Monday’s Q&A in the Advisor.] would support the president’s impeachment. state energy company PDVSA, the Associated COPYRIGHT © 2020, INTER-AMERICAN DIALOGUE PAGE 2 LATIN AMERICA ADVISOR Tuesday, April 28, 2020 Press reported. Chávez, a cousin of the late FEATURED Q&A / Continued from page 1 president, had previously served as director of PDVSA, overseeing a refining network that public health care in Mexico is desirable but sponse to the current crisis, but likely is not once had the capacity to process 1.3 million unlikely at the moment. The government a step toward universal government-provided barrels of crude per day. El Aissami and Chávez lacks the resources to cover all expenses health care in Mexico. It is limited in time replace Manuel Quevedo, who previously held and necessary materials. Meanwhile, private (one month) and in scope (private hospitals both positions. “The country’s only source of hospitals can intervene and help to mitigate will handle deliveries, appendicitis, hernias, revenue, oil, has collapsed under Quevedo, the effects of the pandemic.
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