05-2021 Latin American Economy & Business
Economy & Business Report
Brazil’s budget deal is made for breaking
Just one week after returning home from a five-day trip to Europe to raise funds to finance post-conflict projects in Colombia, President Juan Manuel Santos suspended the peace process with the Fuerzas Armadas Revolucionarias de Colombia (Farc). He announced his decision to break off talks with the Farc on 16 November, almost two years to the day after they began. He accused the Farc of crossing the line by taking hostage an army general, Rubén Darío Alzate, and two others, and said there would be no resumption of talks until they were released. After three days of uncer- tainty the Farc revealed that it would free the three and Santos promised to renew the talks as soon as it did so.
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