LatAm Finance Ministers Face New Challenge

Apr 1, 2011

Praised for a speedy earthquake response, Chile again leads the LatAm finance ministry pack. Capital controls hurt Brazil, while Argentina finally draws some praise.


by Ben Miller

 
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 Ministry Scorecard.

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...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote