Archive

September 2003

A Chance at Redemption

Corporate & Sovereign Strategy

Uruguay was able to avoid default earlier this year, but whether it simply prolonged the inevitable or truly preserved its good name remain to be seen.

An Agenda for Growth

Economy & Policy

Bladex: Back to Basics

Bonds Structured Finance

An ill-starred diversification plan at Bladex put it in the cross hairs of Argentina's collapse. But today the trade finance bank is recapitalized and focusing on traditi...

Cutting the Costs of Lending

Brazil

Wildly expensive credit persists in Brazil. The country's banks need to lower their costs to narrow spreads and expand vitally needed lending.

Deals

Gil Díaz's Strong Hand

Mexico

Mexico's finance secretary has firmly managed Mexico's accounts, even paying off the last of the country's Brady bonds. Economic stability and low inflation now are hallm...

Keeping the Financial Markets Clean

Brazil

Brazil has tightened control over financial transactions with a series of regulations that apply to a range of activities and market participants.

Looking for Leadership

Brazil

President Luiz Inácio Lula da Silva has steered Brazil away from the brink of collapse. But jobs remain scarce, poverty is pervasive and investors are few.

On a Quest for Currency

Venezuelan President Hugo Chávez has starved companies of dollars. But a recent bond exchange gives them access to foreign exchange by financing the government.

On the Outside Looking In

Idealistic hopes for better corporate governance standards in Latin America are just that.With a few exceptions, minority investors in the region remain mostly second-cla...

People

Powering Up the Source

Brazil

Ensuring that Brazilians have an adequate supply of electricity is one of the government's major challenges. But outside investment remains limited.

Putting Argentina Back Together.

Argentina

Argentina is close to a three year agreement with the International Monetary Fund that would open the way for a deal with creditors owed $64 billion.What kind of deal sh...

Reassembling a Financial System

Argentina

Uruguay's banking system crumbled after Argentines yanked their money out.The financial authorities are left with little to fix.

Singling Out Quality

Latin America's top sovereign bond issuers tell us which investment banks they like the most - and the ones they like the least.

Support Under Stress

Anne Krueger, the IMF's second in command, is a hardline defender of orthodoxy. That may be too much for Latin American leaders who are more interested in returning th...

The Franchise Fernández Built

José Antonio Fernández brought operational soundness and financial health to Femsa and its Coca-Cola subsidiary. The company now is Latin America's most formidable bever...

The Growth Challenge

Brazil

Brazil has wallowed in an economic malaise for nearly 20 years. Lula's economic team must deliver a high-voltage shock to turn things around.

A Rocky Evolution

Brazil

Brazil's telecom operators both big and small have clashed with regulators as the post-privatization landscape continues to evolve.

Defusing the Time Bomb

Economy & Policy

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.

Progress, Promise, and Risk

After a year in office, President Alvaro Uribe has unleashed a whirlwind of change in a country that has endured a decade of policy drift and indecision.

Research Looks for a Life

Latin American sovereign bond issuers want their investment banks to issue bullish research reports.With objectivity in question, the value of sell-side research is at is...

Bank in Business

Lending is finally on the rise in after years of stagnation. Banks hope to begin to recover from the setbacks of the last five years.

Brazil Teases Out Bradys

Brazil

A $1.33 billion debt exchange retired Brazil's expensive Brady bonds. But the deal miffed some investors who thought they would be able to cash in their benchmark C-bonds...

Preparing for a New Reality

A post-Castro Cuba is an opportunity for the United States to fill a void for people living in an economic limbo. Washington should emphasize freer communication now to...

The 2003 Latin American Research Olympics

Get the complete breakdown and listing of the winning investment banking analysts and economists covering Latin America. Only online.