Paraguay has emerged as an example of how a small economy can withstand an adverse external environment thanks to orthodox policies
Author Archives: Thierry Ogier
Latin America on edge as El Niño looms large
Policy makers are bracing for a prolonged economic drag from what could be the worst El Niño on record
Countries eye intraregional trade amid tariff uncertainty
Adding value to exports and boosting intraregional trade could help mitigate tariff-related disruption and commodity price volatility
Backed by US, Venezuela seeks return to global financial fold
As the US helps reshape Venezuelan government policy, major question marks hang over the restructuring of the country’s estimated $200 bln-plus debt and economic stabilization
Argentina holds fresh financing talks as rates climb
The country is looking to expand its funding from the World Bank, as rising global rates complicate a potential return to the bond market
IMF slams fuel subsidies, as Brazil cuts gasoline tax ahead of vote
Subsidies are fiscally “very costly” and distort markets, says senior IMF official, as Brazil rolls out new measures
Panama diversifying debt to retain its allure: FinMin
The sovereign aims to remain a credit investors want to hold “when capital is scarce” and doesn’t see labeled bonds as a priority, minister says
Central Bank Governor of the Year: Anchored in the Storm
Paraguay’s Carlos Carvallo holds inflation down through an oil shock
Market Talks: Equity
Latin America’s equity market is still waiting for a proper IPO revival, with follow-ons doing most of the work this year. Bankers expect that to continue through year-end as creditors in Brazilian restructurings sell down stakes, while Brazil’s election and the path of US and local rates will decide whether 2027 brings more new listings.
Market Talks: M&A
Latin American M&A is running on fewer but bigger deals, led by strategic buyers and Argentina’s energy sector. Advisers expect that pattern to hold through year-end, with Brazil on hold until after the election, Mexico waiting on trade rules and the Fed’s hike keeping leveraged buyers cautious.
