April / May 2003

A Cure for Argentina's Sickness


Business and Banking


Call in the Professionals

Latin America's great corporate debt crisis is in full swing. Nearly $30 billion in bonded and commercial bank debt is being restructured or has recently been renegotiate...

Empty Coffers, Hungry Creditors

Latin American companies burdened with debt are struggling to keep current on their loans and bonds. Not everyone is complaining. Workouts allow operationally sound compa...


Hidden Dangers, Proceed With Caution


The failure of international investors to thoroughly vet potential partners can have costly consequences. It is more important than ever that corporate acquisitions in La...


Oil on Troubled Waters

Latin American oil companies are in fashion with investors because they produce valuable, dollar-priced, exportable commodity. The region's state-owned oil companies hope...



Putting Pizzazz Into Glass


Vitro, the Mexican glassmaker, is trying to fend off Asian competitors with value-added products. But a weighty debt load and weakening cashflow aren't making the company...

Rebuilding Growth


The Caribbean is battling a particularly difficult global environment. Economies throughout the region face serious challenges, although oil-rich Trinidad and Tobago is i...

Setting the Standard

Corporate & Sovereign Strategy

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 restruc...

Sovereign Report


Standardize, Centralize, and Conquer

Jeff Henley is CFO of the world's second-largest software company and has an evangelical belief in the message of US-style capitalism and his own company's business philo...

The Costs of a Neo-Populist Experiment


One of the most remarkable features of Argentina's debt debacle is the government's attempt to shift the burden of adjustment away from the domestic economy, transferring...

The Longest Hangover

Latin American companies are two a penny, but opportunistic private equity investors are nowhere to be seen. Investors are still struggling to extricate themselves from d...