Lula has put the brakes on a social security system run wild. The benefits of pension reform are small, but they will at least head off a payments crisis.
Social Security expenses now exceed revenues by more than $24 billion. The Lula Administration must find a way to stop the excess spending in its federal budget.
Sovereign bond investors are relieved that the leftist admnistration of Luiz Inácio Lula da Silva promises to meet its financial obligations while pursuing its social objectives.
Jan 16, 2014 | New York City
The preeminent social affair for key players in the Latin American financial and capital markets....
Feb 12, 2014 | The Pierre, New York City
Connects high-yield and soon-to-be issuers from Latin America with investors from across the...
Mar 6, 2014 | The Four Seasons, Mexico City
The only capital markets event in Mexico where more than 60% of participants are issuers and...
Mar 26, 2014 | Hotel Unique, São Paulo
Exploring all the aspects of debt financing for Brazilian corporate, financial, sovereign and...
Who do you expect to be treated better in the resolution of the OGX situation?
“The greatest value in the next 12 months will be combination of corporates and local currency bonds”
Blaise Antin, TCW
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