PODCAST : Timing is everything
March 16, 2021 |
BNP Paribas’ Florence Pourchet talks about the economic and market conditions in the region, renewable energy investing and the post-COVID climate
In May 2020, as the COVID-19 pandemic ramped up into its rage, BNP Paribas named Florence Pourchet as the head of its Latin America corporate and institutional banking division, having run the Spanish-speaking markets since 2019. Her remit effectively doubled at a time of tremendous economic and humanitarian turmoil. A 30-year veteran of the bank, she set about putting capital to work to support key clients and also push forward on social and sustainability-related finance. Advice she'd garnered over time: a positive mental attitude and a willingness to keep on learning at every stage of her career, have served her well in the push through the crisis.
In light of the pandemic’s impact on the region, Pourchet says the technology sector is one that looks to be ripe for continued growth, especially in the payments area, as well as supply chain and trade.
While economic conditions remain tight, albeit improving, the political landscape is now offering some challenges.
“Throughout the region the outlook is a bit tense given politics and I would say concern about fiscal balance because there was a lot of spending during the 2020 year and a lot of countries will have to implement some fiscal measures. So that will be a challenge. A social challenge, but also an economic challenge of course," she said.
“We’re looking at 2021 as a year of transition,” she added.
Listen to the full podcast for Pourchet’s view on the hottest sector: ESG (environmental, social, governance). Are there enough investable assets to go around?