José Angel Gurría, Mexico’s veteran finance secretary and an architect of the country’s economic reforms, says adiós after more than two decades of public service.
Category: 2000
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Waiting for a Way Out
Private equity funds haven’t panned out in the region the way their early champions envisioned. Financial crises have shaken investor confidence and IPOs are no longer feasible.
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MarketWatch
Catching Up to the World, Again Latin America’s GDP should rise by 4.3% next year despite an expected slowdown in global GDP in 2001, according to forecasts from Morgan Stanley […]
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Will the Foundations Hold?
A decade of market-oriented reforms, the introduction of private pension funds and the growth of mutual funds should have transformed Latin America’s capital markets. Argentina’s private pension fund managers and mututal fund industry together manage assets worth $28 billion, up from almost nothing 10 years ago. Mexico’s Afores, or private pension funds, have more than $15 billion under management.
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MSDW Leads the Way in M&A
A new phase of private sector restructuring and consolidation is underway in Latin America, and dealing with corporate clients requires a special set of disciplines, skills and contacts. Morgan Stanley […]
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Quality Control on The Street
Fund managers are becoming increasingly sophisticated about evaluating the performance of their brokers.
Internal surveys help determine with more precision who gets investors’ business and commissions.
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Revival of Fortunes for Merrill
Merrill Lynch has come storming back this year as the best Latin American equity underwriter in 2000, after several quiet years. It acted as lead underwriter in some of the […]
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Salomon and Goldman Stand Out
This has been a busy year for bond issuance in Latin America, with volumes up 6% to $33.8 billion by mid-October. It has also been a year of remarkable innovation. […]
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Sovereign Report
Brazil Moves Up a Notch Moody’s Investors Service raised Brazil’s foreign currency rating in October to B1 from B2. Although markets welcomed the announcement, it was widely expected and had […]