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Category: 2003
Posted inMagazine
The Price of Reelection
President Hipólito Mejía wants to step up public spending and win reelection. But a banking crisis, ballooning budget deficits and a collapsing currency have ended the country’s outstanding growth.
Posted inMagazine
A Gamble, Then Hard Work
Seven years ago, Canada’s Scotiabank took a 10% stake in Inverlat, a Mexican bank laid waste by the 1995 peso crisis. It paid the government, which had taken over Inverlat, […]
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Finally Paying Off
It’s been a long, hard and sometimes thankless slog, but Santander Central Hispano’s efforts to build a Latin American retail banking franchise are paying off. Santander now operates some of […]
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Twin Survivors
There are only two truly solvent banks left standing in Argentina, almost two years after the country spiraled into the worst economic crisis in its modern history. The default and […]
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A High Flyer No More
A sliding peso has crushed the Pellerano family’s once high-flying media and financial group. It has already had to sell Bancrédito and heavy dollar debts at Tricom have brought it to the edge of collapse.
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Firmly in the Black
Bancolombia became Colombia’s largest bank when it was created in 1998 following the merger of BIC and the troubled Banco de Colombia. But Bancolombia has struggled to turn a decent […]
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Uniting a Troubled Region
The Andean Development Corporation (CAF) is one of the most effective development agencies serving Latin America. Last year, it disbursed $3.3 billion in loans to clients in the continent’s most […]
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A Name to Reckon With
State-owned Banco do Brasil used to be a bit of a joke. Latin America’s biggest bank ran up gigantic losses, operated as a dysfunctional bureaucracy and its accounts were stuffed […]
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Free Trade Policy Now
Trade policy is never far from raw politics. The idea of opening up domestic markets and exposing local firms to the tidal forces of international trade requires a degree of […]