Argentina, Chile, Costa Rica and Mexico proposed suspending the election for president of the Inter-American Development Bank (IDB), scheduled for September until March 2021, to prevent Donald Trump’s National Security Adviser for Latin America, the Cuban-American Mauricio Claver-Carone, from taking over the powerful regional post.

On May 23, the World Health Organization (WHO) announced that the epicenter of COVID-19 had moved to Latin America, particularly South America. The region now has the highest number of new cases and deaths in the world.

After the outbreak of the most intense and massive social protests ever recorded in the history of Chile, on November 16 the government and most political parties signed an agreement to restore peace and public order and initiate a process to draft a new constitution.

The overwhelming defeat of President Macri in the primary elections of August 11 and the failure to achieve any of the benchmarks agreed to in the Stand-By Agreement with the IMF a year ago, have produced economic anxiety with unpredictable social and political consequences.

The deepening political crisis, the open interventionism of the U.S. government and the threat of a civil war scenario in Venezuela have led to a change in the position of the European Union and some Latin American countries.

The G20 Summit met in the Argentine capital on November 30 and December 1 as evidence of the current crisis of multilateralism and put an end to the reason for being a part of this international cooperation forum that groups the strongest countries of the planet, that together represent more than 80% of the global economy.

Facing a recession, the Argentine government is renegotiating its stand-by agreement with the IMF, turning Argentina into a scenario of political crisis and growing social mobilization.