Last year was a tough one for managing Latin American assets, and even the top performers struggled to stay in positive territory. Still, aggressive bets and good bargain-hunting paid off.
Category: 2003
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Panic Over, For Now
Sovereign bond investors are relieved that the leftist admnistration of Luiz Inácio Lula da Silva promises to meet its financial obligations while pursuing its social objectives.
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Putting Some Punch Into Policy
Combating Brazil’s extreme poverty and income disparities are among President Lula’s main golas. Last year a group of 17 economists assembled for a serious discussion about what ails Brazil and […]
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Rock Steady
Nicolás Eyzaguirre, Chile’s finance minister, is a gifted amateur musician and a seriously orthodox economist. He also is living proof that a socialist can make free market economics work.
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All CACked Up With Nowhere to Go
Like bankers who only lend money to people who don’t need it, it is hard to see why bondholders are going to be seduced by the new breed of flexible […]
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Sovereign Report
Mexico Issues Bond With Action Clauses In a landmark deal in February, Mexico became the first sovereign to issue a global bond incorporating innovative collective action clauses. These legal agreements […]
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All Lula’s Men
President Luiz Inácio Lula da Silva It took nearly twenty years of trying before Luiz Inácio Lula da Silva – or Lula as he is generally known – won election […]
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Sovereigns Move Beyond Bradys
As the stock of Brady bonds issued by Latin American sovereigns dwindles, some of the region’s governments are entering a more mature phase of managing their liabilities.
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Back to First Principles
Rebuilidng Brazil’s capital markets requires a good dose of public confidence. But that can only be achieved with a stable economy, plus more modest inflation and interest rates.