Category: 2002

Latin America is undergoing a difficult period as its countries face significant economic, political and social challenges. Financial institutions operating in the region play a key role for Latin American countries seeking to rebuild their economies.

Economic, political and fiscal problems in many Latin American countries are buffeting the region’s banking systems. Standard & Poor’s comments on their relative health and stability in the major markets.

With Latin America’s economies in recession and many of their political systems unstable, the new head of Citibank operations in the region is stepping into fire.

Several countries that missed the telecom boom of the 1990s to privatize their telephone networks now are trying to offload them. But disorganization, political opposition and investor indifference are driving down prices by the day.

For years, Latin American bonds formed the core of the emerging market universe and were the foundation of major market indices. But investor interest has shifted, and so has their reliance on traditional benchmarks.