May 1, 2006
Electronic transactions and automatic payments have made Latin America easier to navigate for cash managers, yet politics and diverging regulations keep them nimble.
Participants in LatinFinance's annual Treasury and Cash Management Roundtable.Currency controls. Transaction taxes. Flippant politicians. Operating in Latin America can be like walking through a veritable minefield for treasurers at multinational companies. As soon as they devise a strategy for a new tax – poof – it can disappear. And while local knowledge and connections are essential, the keepers of the keys sometimes find themselves having to nix the nepotism and put an end to long-standing cozy relationships when tidying up the ranks.
Participants in this year's LatinFinance Treasury and Cash Management Round Table touched on a number of the dicey situations they ru