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The conservative wave (Portuguese: onda conservadora; Spanish: ola conservadora), or blue tide (Portuguese: maré azul; Spanish: marea azul), was a right-wing political phenomenon that occurred in the mid-2010s to the early 2020s in Latin America as a direct reaction to the pink tide. During the conservative wave, left-wing governments suffered their first major electoral losses in a decade. In Argentina, Mauricio Macri (liberal-conservative, center-right) succeeded Cristina Fernández de Kirchner (Peronist) in 2015. In Brazil, the impeachment of Dilma Rousseff, a socialist, resulted in her departure and the rise of Vice President Michel Temer to power in 2016, and later to far-right congressman Jair Bolsonaro becoming President of Brazil. In Peru, the conservative economist Pedro Pablo Kuczynski succeeded Ollanta Humala, a socialist and left-wing nationalist. In Chile, the conservative Sebastián Piñera succeeded Michelle Bachelet, a social democrat, in 2018 in the same transition that occurred in 2010. In Bolivia, the conservative Jeanine Áñez succeeded Evo Morales amid the 2019 Bolivian political crisis. In Ecuador, the centre-right conservative banker Guillermo Lasso succeeded the deeply unpopular Lenín Moreno, becoming the first right-wing President of Ecuador in 14 years.[1]
In the late 2010s and early 2020s, the conservative wave began to decline following left-wing victories,[2][3] starting with the 2018 Mexican general election and the 2020 Bolivian general election, and later the 2021 Peruvian general election, 2021 Chilean presidential election, 2021 Honduran general election,[4][5] the 2022 Colombian presidential election, which resulted in the first left-wing president in the country's history,[6][7] and the 2022 Brazilian general election,[8] in which former leftist president Luiz Inácio Lula da Silva, who had his political rights restored, defeated Bolsonaro.[9][10] However, the right-wing was able to rebound with some victories in late 2023 and early 2024 such as right-wing libertarian Javier Milei winning the 2023 Argentine presidential election, defeating Peronist Sergio Massa as well as centre-right banana tycoon Daniel Noboa defeating leftist Luisa González in Ecuador and also right-wing politician José Raúl Mulino defeating the incumbent center-left vice president José Gabriel Carrizo in the 2024 Panamanian general election.[11][12][13]