Latin America Reform Tracker: Weaker Prospects For Market-Favoured Reforms

• Fitch Solutions maintained its view that Latin American governments are unlikely to advance market-oriented reforms in the coming quarters due to public opposition to spending cuts, divided legislatures and other idiosyncratic risk factors. 
• As a result, Latin America's average score in Fitch’s Reform Tracker has fallen to 3.4 out of 10 in Q421, from 3.5 in Q321 and a high of 5.4 in Q419. 
• In upcoming elections in Chile, Colombia and Brazil, candidates campaigning against reform efforts initiated over recent years appear to be frontrunners, weakening reform prospects in the medium term.

(Source: Fitch Solutions)