The government’s goal is to allow banks to use their rising in US dollar deposits to expand loans to the business sector
Category: Economy & Policy
Posted inDaily Brief
Growing demand fuels hopes for Argentine local bond revival
More investors are participating in local bond offerings, but work to develop the market must continue, executives say
Posted inDaily Brief
Colombia declares economic emergency after earthquake
Relief and rebuilding efforts could complicate the new government’s plans to rein in the fiscal deficit, says analyst
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BNDES president says ‘betting against Brazil’ is bad idea
Investors stand to lose money if they “speculate” with Brazilian assets, Aloizio Mercadante tells LatinFinance, following a slump in the equity and FX markets
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New finmin says Peru to raise debt ceiling
The government will also reportedly run a higher deficit in the short-term, partly due to measures to mitigate the impact of El Niño
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Colombia president takes office pledging austerity, investment drive
In his inaugural address, the country’s new far-right leader pledges to freeze public spending and restore investor confidence
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Argentina picks up funds for energy subsidies scheme
IDB approves 25-year loan to help the government supply gas to poor households
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Argentina renews Chinese currency swap
The central banks of both countries agree to extend the swap by another two years
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Argentina seeks central bank, capital markets reform
Goals are to prevent inflation-driving printing of money and encourage more investment in bonds and stocks
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Fiscal targets would help reassure Brazil investors: Moody’s
Moody’s sovereign risk SVP William Foster says a debt-to-GDP anchor would help restore the Brazilian government’s credibility