Caribbean

LatAm economy to contract 5.2% in 2020 - IMF  

Corporate & Sovereign Strategy Economy & Policy Regions

Global economy to shrink 3% during the "Great Lockdown" of 2020, according to the multilateral lender

Fitch revises Jamaica’s outlook to stable from positive  

Bonds Debt Capital Markets

Jamaica’s sovereign credit affirmed at B+

Fitch rates Aruba as junk on bleak tourism outlook  

Debt Corporate & Sovereign Strategy Fixed Income

Island nation's fiscal and external accounts are expected to deteriorate severely, rating agency says

IFC drafts green bond guidelines for DR

Bonds Capital Markets Economy & Policy

Multilateral lender bases the criteria on best practices from the EU

Idesa postpones swap deadline

Asset Management Bonds Debt

Some bondholders are pushing for more collateral in a $303 mln debt exchange

IMF fundraises in developed economies to help poorest countries  

Economy & Policy Fixed Income Loans

Haiti seeks financial support from the bank's Rapid Credit Facility

S&P cuts Mexico, Pemex on coronavirus, oil prices

Bonds Capital Markets Mexico

Rating agency also downgrades Trinidad & Tobago and puts a negative outlook on Colombia

World Bank, IMF ask G20 to allow poorest nations to delay debt payments  

Debt Corporate & Sovereign Strategy Economy & Policy

Request based on need to divert funds for coping with COVID-19 pandemic

IDB grants loan to Barbados

Loans Debt Economy & Policy

Development bank supplies $80 mln for the government's Roofs to Reefs program

Chinese financing for environmental transition  

ESG China Andean

Recognized as the biggest greenhouse gas producer in the world, China’s domestic bond market is a major global player in pushing into burgeoning green finance.

Dominican Republic reimburses Odebrecht for power plant

Project & Infrastructure Finance Energy Electricity

State-owned power holding company CDEEE manages to reduce the payment to $396 mln

Fall in oil prices sends shock waves through LatAm markets

Asset Management Bonds Debt

Ecuador and Colombia feel the fallout from a spat between Russia and Saudi Arabia

Government offloads TransJamaican Highway through IPO

IPO Equity Capital Markets

NROCC sells 80% of the toll road concession for $100 mln in a "massively oversubscribed" deal, source says

TransJamaican Highway prints cross-border bonds

Bonds Debt Capital Markets

State-owned toll road concession raises $225 mln to pay off debt as it prepares for an IPO

Shell acquires stakes in Ecopetrol blocks

M&A Energy Gas

Anglo-Dutch oil company takes 50% stakes and assumes operations of Fuerte Sur, Purple Angel and COL-5 in the Caribbean Sea