Jamaica is shaking off years of recession and the effects of a severe banking crisis. But the country still must deal with a debt mountain and a difficult business climate.
Category: 2001
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Business & Banking
BSCH Takes Full Control of Banespa Latin America’s largest foreign bank, Spain’s Banco Santander Central Hispano (BSCH), has spent a further $1.1 billion to purchase outstanding shares in Banco do […]
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The Steep, Uphill Battle
Jamaica’s government faces a prolonged struggle to manage its debt mountain despite privatizations and the sale of financial institutions. Now the government is turning increasingly to the international capital markets.
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Finding a Safe Haven in Chile
Transelec’s double-barreled bond was designed to match its revenue streams. The issue went like a dream, in spite of emerging market volatility and turbulence in the power industry.
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Full Interview with Raúl Muñoz
LF: What do you see as your main challenge? RM: Our challenge is to make Pemex grow. We are convinced that we have got to give it an entrepreneurial focus. […]
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Punching Above Its Weight
Portugal Telecom has parlayed its Brazilian assets into an outsized alliance with Spain’s Telefónica that will
dominate Brazil’s cell phone market. The deal also will help the Portuguese company overcome its size limitations.
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A Do-Gooder Branches Out
CDC Capital Partners, the British government’s emerging market investment fund, is trying to redefine its role.
It wants to become a profit-oriented private equity investor while continuing to help develop poor countries.
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Ready to Rehabilitate Argentina
The international debt markets responded enthusiastically to Argentina’s $4.2 billion bond swap that reshaped the country’s repayment schedule. The deal was a strong show of investor support and could revive the economy.
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A Reversal of Fortunes
Investor attitudes toward Latin American sovereign bonds have done an about face as Argentina stabilizes its
finances and US interest rates fall. As a result, piles of cash have poured into Latin government bonds
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Smooth Operator Meets His Match
Enrique Iglesias has made a name as a conciliator with 13 years in Washington as head of the Inter-American
Development Bank. He will need all his skill as a negotiator in dealing with a new US administration.