Argentina draws on its traditional European investor base to lead Latin bond issuers in euros this year. Eurobonds have provided cheaper funding, but currency risk exposure looms large.
Category: Argentina
Front Notes
How likely is it that the next shock to the world’s financial system will come from Argentina? The markets seem to be discounting trouble as the government struggles to borrow […]
Steering Argentine Money Home
With a tradition of stashing money outside the country and a feeble economy at home, Argentines are wary of investing locally. The government and mututal fund companies have a tough sell ahead.
Will the Foundations Hold?
A decade of market-oriented reforms, the introduction of private pension funds and the growth of mutual funds should have transformed Latin America’s capital markets. Argentina’s private pension fund managers and mututal fund industry together manage assets worth $28 billion, up from almost nothing 10 years ago. Mexico’s Afores, or private pension funds, have more than $15 billion under management.
A Critic to the Core
Argentina’s former Economy Minister Domingo Cavallo is impatient with the government’s lack of conviction in implementing the market reforms he began 10 years ago.
MarketWatch
Argentina’s Tax Revenues Track Industrial Output Argentina, like many Latin American countries, has trouble collecting adequate tax revenues. Evasion is widespread in spite of repeated efforts to clamp down on […]
Down with the Deficit
Argentina is struggling to bring its public finances under control. It is by far the biggest sovereign borrower in Latin America these days, and it is beginning to rattle nerves […]
Latin Issuers’ Deft Maneuvers
Sharper debt teams and greater finesse are helping Latin issuers sell a record volume of bonds. But the jury is still out on Argentina, which is battling to stabilize its public finances.
Appetite for Argentine Telecom Sector
International telecommunications companies have told Henoch Aguilar, Argentina’s communications secretary, that they are prepared to invest over $5 billion in the country once the government deregulates the tightly controlled industry […]
