Archive

March / April 2015

Public credit scorecard: Making hay

Brazil Colombia Mexico

As the sun shone on Latin America’s capital markets in 2014, the region’s most sophisticated sovereign funding departments seized their chance to borrow at good rates...

Finance ministry scorecard: Glimmers in the gloom

Colombia Mexico Peru

A mix of orthodox macroeconomic policy and pre-emptive tax-raising measures held investors’ confidence in the sustainability of Colombia’s growth prospects. By Phil Tho...

Front Notes: Reality check

Bonds news: Sluggish start

Bonds

Sovereigns have tapped international markets with tightly-priced deals, but volatility and the Petrobras corruption scandal pushed Brazilian issuers to the sidelines. By ...

People news: Stepping up

People

Petrobras changes its leadership, while investment banking moves abound. By Jennifer P. Roig

Loans news: Liquidity rules

Loans

Energy companies and Brazilian borrowers are finding bank funds available, despite the external conditions. By Patrick Ferguson

PERSON OF THE YEAR: New-wave pragmatist

People Corporate & Sovereign Strategy Ecuador

Dismissed by many as a populist in the image of Hugo Chávez, Ecuador’s president has disrupted the stereotype and refuses easy characterizations about the role of markets...

In his own words: Rafael Correa

People Corporate & Sovereign Strategy Ecuador

Ecuador’s President Rafael Correa spoke to LatinFinance in Quito recently about his views on financial markets, the role of the economy, the fall in the oil price and his...

Cover Story: Hitting the bottom

Brazil Colombia Mexico

The rapid fall in the price of crude oil to below $50 a barrel is reverberating across Latin America, disrupting carefully crafted economic and corporate plans and stirri...

Cuba: Long road

Cuba Economy & Policy Corporate & Sovereign Strategy

The thaw between the US and Cuba has started. But much remains to be decided before corporate and institutional investors can dabble freely in the market. By Jennifer P. ...

Capital markets roundtable: Currency shift

Bonds Equity Funds

Local market bonds trade much less than those in dollars, and so international investors are often reluctant to buy them. But market changes are afoot as the global cycle...

Brazil: Crunch time

Brazilian economy: Bitter potion

Brazil Economy & Policy Corporate & Sovereign Strategy

Dilma Rousseff’s new finance minister has the confidence of the market. But bringing Brazil’s accounts into line is likely to make him unpopular at home. By Thierry Ogier

Petrobras: Picking up the pieces

Bonds Corporate & Sovereign Strategy Project & Infrastructure Finance

The corruption scandal at Latin America’s biggest debt issuer has shaken regional capital markets, and its limits are still not clear. By Thierry Ogier

Restructuring: New rules, old problems

Brazil Bonds Corporate & Sovereign Strategy

Amid a new wave of debt restructurings, Brazil’s still-evolving bankruptcy framework will give some creditors comfort. Others have many reasons to be afraid. By Dominic...

Mexico: Building growth

Infrastructure: Ready for take-off

Bonds Equity Project & Infrastructure Finance

Mexico’s infrastructure plan is set to demand more private sector participation than ever before. Construction companies are positioning for the opportunities. By Patri...

Real estate: Growing up

Mexico Funds Project & Infrastructure Finance

Barely four years old, Fibras are multiplying and moving into subsectors of the country’s property market but may be coming up against limits to their expansion. By Pat...

EQUITY AND M&A NEWS: Slim pickings

Equity M&A

Equity deals are in the pipeline, but coming slowly to the market. By Katie Llanos-Small

Andes: Low and dry

Colombia Venezuela Bonds

Colombia: Counting the change

Colombia Economy & Policy Corporate & Sovereign Strategy

After a terrific year for growth, falling oil prices are set to test Colombia’s economic resilience and diversification. By Lucien Chauvin

Venezuela: By any means

Venezuela Economy & Policy Corporate & Sovereign Strategy

Post-Chávez Venezuela’s political and economic troubles are mounting as dollars become scarcer. By Girish Gupta

Argentina Investor Report: Hard questions

Argentina Bonds M&A

Argentina Sovereign Debt: Sifting for dollars

Argentina Bonds Corporate & Sovereign Strategy

As a presidential election looms in October, Argentina’s dwindling dollar reserves are adding to the pressure on the government’s finances. By Charles Newbery

Argentina Corporate Debt: Borrowing time

Argentina Bonds M&A

A handful of Argentine companies have landed innovative funding despite the country’s tumultuous economy. With better days in sight, corporates are preparing for smoother...

Institutional investors: The yield question

Funds

Investing in alternatives: Breaking traditions

Funds

Regional pension funds and insurance companies are, slowly, looking at investments beyond stocks and bonds. By Jennifer Bollen

Insurance investors: Branching out

Brazil Peru Funds

Peru’s growing insurance companies are increasingly diversifying their investments. Yet finding strong returns in local currency remains tough. By Rodrigo Amaral

Brazilian insurers: Close to home

Brazil Funds

Ecuador Banking: Banking on the small guy

Ecuador’s financial sector is undergoing a growth spurt. Now new measures are coming in to entice participation from more of the population

Ecuador Corporate Financing: Growing options

International bond markets have become a more feasible funding avenue for Ecuadorian companies

Ecuador Economy: Braced for change

The sharp drop in oil prices will test Ecuador’s resilience this year. But the country has already made strides to strengthen its economy

Ecuador Foreign direct investment: The welcome mat

Investment has primarily been a local thing. Now Ecuador hopes to attract FDI by making its economy friendlier to international investors. First up: Food, metals, and min...

Ecuador Government Financing: Broader horizon

Ecuador has diversified its sources of funding in recent years. With the dramatic drop in oil prices, those new links will be put to the test

Ecuador Interview: Aiming high

Sandra Naranjo was appointed tourism minister in July 2014, shortly after the country launched its “All you need is Ecuador” campaign to attract foreign visitors. She spo...

Ecuador Interview: Engines of growth

Ramiro González was appointed Industries and Productivity Minister of Ecuador in May 2013. He spoke to LatinFinance about modernizing industry in Ecuador. This is an edit...

Ecuador Interview: Going Green

Ecuador’s Minister of Electricity and Renewable Energy Esteban Albornoz has an academic background in electricity science, and previously ran the country’s electricity co...

Ecuador Trade: Wake-up call

As a tough international economy hits export revenues, talk of revving up value-added production is stirring

Parting Shot: Leading talent

People

Businesses, governments, and entire countries are losing a competitive edge that could make a crucial difference to their future success, argues Susan Segal