The Americas Desk

Latin America Intelligence

Andean Region

Andean Region Briefing — 24/03/26

This week: Colombia's Peace Accord Political Framework Collapses After Legislative Elections · Venezuelan Dollar Shortage Forces Businesses to Cryptocurrency Markets · Venezuelan Opposition Reports 472 Political Prisoners Remain Detained

politics El Tiempo

Colombia's Peace Accord Political Framework Collapses After Legislative Elections

The ex-FARC party will lose its legal status for failing to meet electoral thresholds, while special congressional seats reserved for conflict victims were captured by criminal organizations. This represents significant deterioration of the political peace accord framework.

Watch for increased armed group activity as political reintegration pathways close and criminal capture of state institutions accelerates.

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economy Runrun.es

Venezuelan Dollar Shortage Forces Businesses to Cryptocurrency Markets

Severe dollar shortages in Venezuela are compelling small and medium enterprises to raise prices and resort to cryptocurrency markets for importing goods, as official currency auctions repeatedly reject requests without explanation. A mid-size pharmaceutical manufacturer reported triple rejection from official forex channels.

Monitor cryptocurrency adoption as de facto dollarization accelerates outside government control, potentially undermining economic sovereignty.

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politics Runrun.es

Venezuelan Opposition Reports 472 Political Prisoners Remain Detained

The Democratic Unitary Platform reported that 472 political prisoners remain incarcerated in Venezuela since January 8, when National Assembly President Jorge Rodríguez announced a prisoner release process. The organization published an updated list of detainees excarcelated to date.

Track prisoner release pace as indicator of government confidence and international negotiation leverage ahead of potential dialogue.

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security Plan V

Ecuador's Guayaquil Mayor Arrested in Organized Crime Investigation

On February 10, 2026, Ecuadorian prosecutors arrested Guayaquil Mayor Aquiles Álvarez in connection with the 'Goleada' case involving suspected organized crime, asset laundering, and tax fraud. The case includes arrests of associates and ongoing preventive detention amid allegations of judicial irregularity.

Watch for criminal group territorial control expansion in Guayaquil as municipal governance remains compromised by ongoing investigation.

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politics La Silla Vacía

Colombia's Presidential Frontrunner Distances from Constitutional Reform

Presidential candidate Cepeda stated in interview that a National Constitutional Assembly is not a priority, instead proposing national dialogue on strategic issues. The position represents strategic reversal from government's two-year constitutional reform push.

Monitor whether constitutional reform abandonment signals moderation or tactical repositioning as Cepeda consolidates frontrunner status.

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politics El Comercio

Peru's Energy Minister Resigns Amid Sexual Abuse Allegations

Waldir Eloy Ayasta Mechán assumed office as Peru's Minister of Energy and Mines following the resignation of Ángelo Alfaro amid allegations of sexual abuse. Ayasta previously served as Vice Minister of Electricity in April 2025 before resigning in May.

Watch for energy policy continuity risks as ministry leadership instability coincides with regional fuel price volatility.

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security La Silla Vacía

Colombian Military Aircraft Crash Kills Eight in Putumayo

Defense Minister Pedro Sánchez confirmed eight deaths and 83 injuries from the Colombian Air Force C-130 Hercules crash, ruling out armed group participation. The minister clarified that detonations heard during crash resulted from onboard ammunition.

Monitor military operational capacity in conflict zones as aging aircraft fleet raises questions about force readiness.

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politics El Tiempo

Colombian Opposition Coordination Urged Against Cepeda Frontrunner

Former presidential candidate Vicky Dávila urged opposition figures Paloma Valencia and Abelardo de la Espriella to consolidate support behind the strongest challenger to frontrunner Iván Cepeda based on latest polling. The statement reflects ongoing political realignment ahead of elections.

Track opposition unity prospects as fragmented right-wing vote could enable Cepeda victory without runoff requirement.

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environment El Comercio

Peru Faces Natural Disaster Risk as Tourism Sector Affected

An alluvion triggered by heavy rains caused the Laucamayo river to overflow in Machu Picchu Pueblo district, killing two residents and destroying homes and commercial establishments. The incident highlights climate vulnerability affecting Peru's critical tourism sector.

Monitor infrastructure resilience as climate events threaten Peru's $3.9 billion annual tourism revenue and economic recovery.

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security El Comercio

Peru's Education Sector Disrupted by Extortion Threats

An educational institution in Lima suspended in-person classes and moved to virtual learning following extortion threats from criminal groups. The closure reflects broader security concerns affecting Peru's education sector alongside transport and other industries.

Watch for economic impact as criminal extortion expands beyond transport to essential services, undermining growth prospects.

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