LF Insight

  • Man of the Year- On the Brink pt2 Mar 1, 1996

    For Larry Summers, Deputy Secretary of the US Treasury, the first two months of 1995 passed as a blur of tense cross-border telephone calls, White House briefings and Capitol Hill negotiations. "(Mexican Finance Minister) Guillermo Ortiz and I spent so much time together that we came to recognize not just our wives' voices but also our children's voices," said Summers, a key architect of the $50 billion rescue package that saved the Mexican economy. Summers' role in the saga earned him LatinFinance's 1996 Man of the Year title. March 1996

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management