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.
Jul 16 - 17, 2013 | Sheraton on the Park, Sydney, Australia
An in depth look at the rapidly evolving state of the Latin America Australia investment... more
Sep 10 - 11, 2013 | Westin Beijing Chaoyang, Beijing, China
LA-CIF is the leading event connecting Latin America and China. Through an invitation-only,... more
Sep 13, 2013 | Shilla Hotel, Seoul, Korea
LA-KIF will examine the rapidly evolving LatAm-Korea investment relationship, the pace & direction... more
Sep 26 - 27, 2013 | Fiesta Americana, Veracruz, Mexico
The only annual gathering of senior public-sector officials, financiers, sponsors and investors... more
Oct 9, 2013 | Capitale, New York City
The year’s pre-eminent networking event for the financial and capital markets of Latin America and... more
Is recent bond market volatility the end of easy borrowing for LatAm issuers?
Yes, dollar borrowing will get more expensive
No, it’s just a bout of market nervousness
Vote
There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.
Luis Fernando Andrade, Colombian National Infrastructure Agency
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