Colombians head to the polls on Sunday to elect a new president, with the three front-runners holding sharply different views on policymaking and how to address Colombia’s fiscal challenges. If Abelardo de la Espriella, who has pulled ahead recently, fares well, that would sustain the peso’s recent momentum and help to reverse the sharp rise in local currency bond yields under incumbent president, Gustavo Petro. Elsewhere, data released this week showed that exports, particularly of AI-related products, continue to be the bright spot in Mexico’s economy. Maintaining tariff-free access for these goods to the US market will be key for Mexico in the USMCA review talks, which formally kicked off this week.
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