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
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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