Nicholas Watson leads Teneo’s political risk coverage for Spanish-speaking Latin America.
Nicholas has over 15 years’ experience creating and leading analytic teams dedicated to providing exceptional, actionable political intelligence, bespoke consulting and advisory work for a wide range of corporate, financial and governmental clients.
Prior to joining Teneo, Nicholas was the Analysis Practice Leader for Latin America at the business risk consultancy Control Risks. Previously, Nicholas worked as a field researcher examining violent crime and police reform for a leading NGO in Brazil.
Nicholas received a master’s degree in Latin American politics from the Institute of Latin American Studies (ILAS) in London, and also holds a first-class honours degree in Spanish from King’s College London (KCL). Nicholas was based in Bogotá from 2012-2015, and has also lived, worked and studied in Mexico, Brazil, and Cuba.
A signature collection drive is currently underway to enable a presidential recall referendum to take place in April 2022; at least 2.75mn signatures must be collected by 25 December. The referendum is designed to reinforce President Andres Manuel Lopez Obrador (AMLO)’s power and ensure he controls the succession process; his…
Our global outlook includes the views of our political risk team on the main issues to watch in each region in 2022. Please do not hesitate to contact us should you wish to discuss any of the issues covered in the report in greater detail. Africa What Shape Will Recoveries…
Last week’s developments relating to the Central Bank (Banxico) raise questions about its institutional autonomy just as inflation has risen to its highest rate in 20 years. A parallel initiative elevating large infrastructure projects to “national security” status is discretionary and opaque, while it unduly empowers President Andres Manuel Lopez…
The belated addition of the former World Bank economist Pedro Francke to President Pedro Castillo’s cabinet late on 30 July represents a positive development following a tumultuous couple of days. Francke had initially balked at serving under Castillo’s pick for prime minister (PCM), Guido Bellido. However, Castillo seems to have…
The opposition to the regime could be on the brink of a cyclical rebound to electoral participation and engagement. Gubernatorial, mayoral, and municipal elections scheduled for November will be the focus of political competition for the rest of 2021. The criminal nature of the regime represents a fundamental incompatibility with…
The tax reform that President Ivan Duque withdrew on 3 May has succeeded in reigniting the 2019 protest movement. The difference now is that economic conditions have deteriorated drastically, while wide-ranging public grievances run even deeper than before. This explains why protests are continuing even after…
Guillermo Lasso’s 11 April election victory in Ecuador could be seen as a win for pro-market parties across the region. Against significant odds, Lasso defeated a well-organized left-wing rival, seemingly bucking an incipient Latin American leftist revival (Mexico in 2018; Argentina in 2019; and Bolivia in 2020), which is widely…
In the wake of recent power outages, it is increasingly clear that President Andres Manuel Lopez Obrador (AMLO) intends to double down on his pursuit of energy nationalism. In the immediate term, events of last week are being added to the official justification for controversial electricity sector reforms that would…
Health authorities and various political figures have been making calls for people to stay at home where possible, while avoiding Christmas parties and family gatherings. The appeal comes amid a resurgence in Covid-19 cases and a sustained increase in hospital occupancy rates, especially in Mexico City, where some facilities are…
Carsten Nickel, Managing Director at Teneo, Jon Alterman, Teneo Senior Advisor, Anne Frühauf, Managing Director at Teneo, Nicholas Watson, Managing Director at Teneo, and Gabriel Wildau, Senior Vice President at Teneo, join Kevin Kajiwara to discuss what business leaders should look out for in 2021. …
The government has suffered a heavy defeat by failing to block an opposition-led initiative that would allow people to dip into their retirement savings. While immediate-term governability can be restored by a likely cabinet reshuffle, President Sebastian Pinera is left permanently weakened, while the governing coalition is increasingly divided. The…
The United States-Mexico-Canada trade agreement (USMCA, or T-MEC as it is known in Mexico) came into effect on 1 July. Although President Andres Manuel Lopez Obrador (AMLO) sees the USMCA as a catalyst for a post-pandemic economic recovery, the agreement is unlikely to involve a dramatic upshift in investment into…
On 8 June, President Alberto Fernandez announced the state takeover of the leading agro-export company Vicentin, the country’s sixth largest agricultural exporter. The takeover will last 60 days. However, an expropriation bill will be sent to Congress shortly with the aim of bringing Vicentin, which filed for bankruptcy in late-2019…
A surge in new Covid-19 cases centered on the Metropolitan Region (RM) of Santiago has forced the government to reverse its limited lockdown easing measures. As previously discussed, the U-turn demonstrates what can happen when Covid-19 hits higher-density populations, as well as the need for clear communication from a…
Many countries in Latin America opted for stringent lockdowns at a far earlier stage in the spread of Covid-19 than elsewhere in the world. This reflected the much greater risk of medical system overload in the region, as well as the fact that Covid-19 spread to Latin America comparatively late,…
The fall of Bolivia’s Evo Morales has strongly homegrown causes but shares common threads with recent upheaval in the region. Overlapping issues behind protests include inequality, lack of political renewal, and unmet expectations. The role of the military fits traditional patterns but it is too early to say what its…
The first-round of the presidential elections takes place on 27 October. In parallel, elections are being held for half the lower house and one third of the Senate, alongside gubernatorial elections in three provinces, including the mega-district of Buenos Aires, and mayoral elections in the capital. In the presidential vote,…
The opposition-dominated National Assembly (AN) on 5 January elected Juan Guaido as legislative president for the next 12 months. Guaido is from the Popular Will (VP) party, which has traditionally taken a more hardline stance towards the regime led by President Nicolas Maduro. The new AN president immediately branded Maduro,…
The scope for Latin American countries to emulate Brazil by electing far-right leaders is currently limited despite the continued potency of anti-establishment sentiment. Regional political fault-lines could well shift and polarize due to the strengthening of the Right in Brazil. Bolsonaro’s success or failure will be watched closely across the…
President Enrique Pena Nieto and president-elect Andres Manuel Lopez Obrador (AMLO), flanked by several existing cabinet members and their successors, staged an unusual joint press conference yesterday, 20 August, to mark the formal start of the transition to the new AMLO administration on 1 December. The tone of the event…
The corruption scandal that broke on 1 August and which involves former president Cristina Fernandez (2007-2015) will have major political implications and is likely to alter the electoral outlook as it appeared just a few days ago. The scandal centers on a series of handwritten notebooks…
As forecast, Andres Manuel Lopez Obrador (AMLO) won the 1 July presidential election by a landslide and the National Regeneration Movement (Morena) party is on course to secure a legislative majority. The five-month long transition should provide further clues as to AMLO’s policy priorities, many of which…
The 20 May election was a pyrrhic victory for President Nicolas Maduro because it exposed his lack of popular support. The economic crisis is so severe – and worsening – that Maduro’s position will remain highly precarious. However, there are several factors at play that could help Maduro stay in power,…
Martin Vizcarra has had a reasonably successful first few days in the presidency since he replaced Pedro Pablo Kuczynski on 23 March. Yesterday, 2 April, Vizcarra unveiled his new cabinet, which will be headed by Cesar Villanueva of the opposition Alliance for Progress (APP) party, who previously occupied the cabinet…
The opposition Fuerza Popular (FP) party led by Keiko Fujimori in the early hours of 8 March confirmed its unanimous support for President Pedro Pablo Kuczynski’s impeachment. Four FP legislators added their support to an impeachment motion activated by smaller opposition parties. The motion now has more than the 26…
