LatAm Finance Ministers Face New Challenge
Praised for a speedy earthquake response, Chile again leads the LatAm finance ministry pack. Capital controls hurt Brazil, while Argentina finally draws some praise.
With most economies safely out of the woods amid continued
external pressure, LatAm governments faced new challenges in
2010, including natural disasters and currency wars. Finance
ministers responded in different ways to a deluge of capital
heading their way, with some measures drawing more praise than
others in the second annual LatinFinance Finance
The ranking takes the
views of economists, analysts and investors on ministries'
performance across several areas. These include response to
currency appreciation, inflation management, fiscal
performance, independence from political pressure, transparency
and clarity of communication with markets, as well as use of
capital markets and financing innovation.
Last year's top ranked finance ministry, Chile, was shaken
by a new challenge on February 27 2010: an 8.8 magnitude
earthquake. Minister Felipe Larraín and the rest of the
new administration taking office in March would have their work
cut out for them. With...
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