2017 Finance Ministry Scorecard

Mar 2, 2017

In LatinFinance's annual survey of the performance of finance ministries, Peru stands out amid a tough period for the region

Nicholas Laursen

Keywords: finance ministry peru thorne

Last year was a difficult one for finance ministries across Latin America and the Caribbean. Commodity prices remained depressed and global interest rates began to rise while political upheaval throughout the Americas created a tumultuous backdrop.

The political drama hit the region’s biggest economies. The honeymoon ended for Argentina’s new administration. Impeachment and a subsequent change in economic direction caused chaos in Brazil. And an already slowing Mexican economy was hit by worries about trade relations as the US election cycle advanced.

The turbulence drove a sharp divergence in views about the performance of each country in the region. Indeed, economists and analysts consulted by LatinFinance for our 2017 Finance Ministry Scorecard showed the greatest disparities in their assessments in recent years.

If one theme of this year’s scorecard was little consensus on the best financial managers of 2016, another was that none really excelled. After extensive market consultations...

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