US President George W. Bush urged congress to approve a free trade agreement with Central America (known as CAFTA) to help bolster US exports. Central America is the US’s 13th-largest export market, bigger than Russia, India and Indonesia combined, and the US is the biggest buyer of Central American products. Goods worth about $33 billion are expected to be traded between the US and Central America this year.
Category: Bonds
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Microfinance Break
Microfinance firms could grow more rapidly if only they could access financial markets. Mexico’s Financiera Compartamos has engineered a bond deal that represents a significant advance in breaking down some […]
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New Sheriff in Town
Marcelo Trindade, the new president of the Comissão de Valores Mobiliários, promises to put some bite into Brazil’s toothless securities regulator.
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Local Market’s Moment
Latin American markets seem to be treading water, unsure what to do next after last year’s great performance. Bond issuance was its best since 1997, stock markets surged and several […]
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Latest Financial Transactions From The Region
Brazil Gets $1.5 billion as C-Bond Breaks Par Brazil sold $1.5 billion in 30-year bonds, priced to yield 8.75%. Deutsche Bank and Citigroup managed the sale. This was the sovereign’s […]
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CAF Blazes a New Trail
The Andean Development Corporation (CAF) has blazed a trail across the international capital markets in the decade since it issued its first bond in the US market. It set another […]
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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 […]