Despite a hostile environment, Latin America’s largest companies have remarkably strong balance sheets. In cooperation with Fitch Ratings, LatinFinance takes stock of their financial health.
Category: 2002
Posted inMagazine
The Scramble for Cash
This year has been traumatic for Venezuela. Hit by a
depreciating currency, inflation and a deep recession, Venezuela is on a frantic search for money
Posted inMagazine
Dollarizing From a Position of Strength
El Salvador’s experiment with the greenback has gone well so far. The economy is growing, but bankers and government
officials realize there is still a lot of work ahead.
Posted inMagazine
Wanted: Entrepreneurial Adventurers
Entrepeneurs in Latin America face monumental obstacles: scarce and expensive financing, bureaucracies and unstable economies. Success is rare, but if governments keep the
faith with pro-market policies enterprise may yet thrive.
Posted inMagazine
No Small Tasks Lie Ahead
Roberto Junguito, Colombia’s new finance minister, has his work cut out for him. He must deal with the country’s budget
deficit, wage fiscal war on the guerillas and grow the
economy.
Posted inMagazine
Presidential Promises Falter
President Vicente Fox has been unable to overcome the
political obstacles to many of his vaunted reform plans. Still,Mexico has largely avoided South America’s malaise and remains a regional economic powerhouse.
Posted inMagazine
Prudence as a National Consensus
Despite the financial turmoil spreading across South America, Chile remains an isalnd in the storm. The country has pragmatism inits blood and its finance minister, Nicolás Eyzaguirre, has maintained rigid control over national spending. His former counterpart in Peru (see “Politics Torpedoes Growth”) has had less success.