Two investment firms are suing Nicaragua for full
repayment of defaulted debt from the 1980s. The outcome could
establish precedents with far-reaching repercussions.
Heralded as a breakthrough in the sovereign debt
restructuring debate, agreements between debtors and creditors
still need fine-tuning.
Uruguay was able to avoid default earlier this year, but whether it simply prolonged the inevitable or truly preserved its good name remain to be seen.
Troubled Latin American companies increasingly are seeking to reorganize their finances under United States bankruptcy regulations. They provide more control and greater certainty for many companies than their home country's insolvency laws.
It remains to be seen whether Latin America can break out of its cyclical history of excessive borrowing, default and financial rehabilitation - and achieve rapid, sustained growth.
CAF, the regional development bank, addresses analysts' concerns over the stability of its borrowers. CAF's management says its preferred-creditor status is strong and sufficient to prevent a default on its loan portfolio.
Mexico comforts investors by being the first sovereign to put collective action clauses in a global bond. Whether the move will advance debate over sovereign debt restructurings remains to be seen.
Apr 16, 2015 | Hotel Unique, Sao Paulo, Brazil
2015 is an important year for Brazil. In the rear-view: the 2014 World Cup and Presidential...
May 28 - 29, 2015 | The Conrad, Tokyo, Japan
As Japan emerges from a decade and a half of deflation, opportunities to expand trade, investment,...
Jun 10 - 11, 2015 | W Hotel, Santiago, Chile
Returning to Chile for its ninth edition. The region’s best attended capital markets event gathers...
Will a strong dollar deter investors from LatAm bonds?
No, the yield-hunt goes on
Yes, but only retail investors
Yes, once the Fed raises rates
We are entering a new era where we can't count on high commodity prices to sustain growth
Robert Rennhack, IMF
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