May 1, 2012
by Lucien Chauvin When investors looked at the Andean region a decade ago they did not see a rosy picture. Ecuador and Peru were trying to recover after years of political turmoil, Colombia was facing a strengthened communist insurgency and burgeoning drug trade, and Bolivia was careening toward collapse. Chile was the only safe place for investing.
The view is radically different today thanks to a combination of reforms, high prices for the region’s vast natural resources and the international economic crisis that has made other markets much less attractive for investing. In recent months, this has shown up in new issuers from Andean nations in the capital markets from a diverse group of
Investors have long hungered for new assets in the rapidly growing Andean countries. Issuers from Colombia and Peru have started to offer more to the capital markets.