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.
Sep 25 - 26, 2014 | Velas Vallarta, Puerto Vallarta, Estado de Jalisco, Mexico
The only annual gathering of senior public-sector officials, financiers, sponsors and investors...
La reunion líder de oficiales del sector público, financieros, patrocinadores e inversionistas de...
Sep 30, 2014 | New York City
The preeminent social affair for key players in the Latin American financial and capital markets....
Are populist governments like Venezuela & Argentina turning pragmatic?
In some ways
At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.
Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator
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