Crime and Internal Strife Remain Greatest Drivers of Military Spending in Latin America

by Bill Ostrove, International Military Markets Analyst, Forecast International. The greatest threat to most Latin American governments is internal.  Even though transitioning to a democracy and using effective counterinsurgency strategies …

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Brazil’s Budget Spending Limit Amendment to Cut into Defense Spending

by Bill Ostrove, International Military Markets Analyst, Forecast International. On December 13, Brazil’s Senate approved a constitutional amendment, effective December 15, 2016, that will cap growth of government spending. This …

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Brazilian Economic Crisis Limits Defense Spending

by Bill Ostrove, International Military Markets Analyst, Forecast International. While Brazil is a country largely at peace, it also maintains the largest defense budget in Latin America. Externally, Brazil’s military …

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Argentina’s Defense Spending to Climb, Even as Government Tackles Deficit

by Bill Ostrove, International Military Markets Analyst, Forecast International. While Argentina does not face the same level of internal and external threats that some other Latin American countries do, defense …

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Fight Against Drug Cartels and Organized Crime Drives Mexican Defense Spending

by Bill Ostrove, International Military Markets Analyst, Forecast International. The fight against drug cartels and organized crime remains the primary driver of defense procurement by Mexico. As Mexico’s economy improves …

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Simmering Tensions Between Venezuela and Guyana

by Derek Bisaccio, Military Markets Analyst, Forecast International. Throughout the month of September, Venezuela saw a flare-up in hostility with two of its neighbors, Colombia and Guyana, over separate issues. …

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Colombia Unveils Future Frigate Requirements

By Rebecca Edwards, Forecast International. The Colombian Navy has unveiled requirements for its future fleet of frigates. The acquisitions are part of the Navy’s “Force Planning 2030.” The plan aims …

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