Latin American development bank hires Crédit Agricole, BNP Paribas and Bank of America to arrange a benchmark-sized deal
Category: Latin America
Posted inDaily Brief
S&P downgrades Azul on grounded flights
Rating agency says a 50% drop in demand will keep 40% of the airline’s planes on the ground until the end of the year
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FACTBOX 5/19/20: Latin America moves to mitigate impact of COVID-19
UPDATE: Chile announces new program to provide food to 2.5 million homes
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Ecuador passes public finance law
New law puts 5% cap on budget increases and creates a rainy-day fund for future emergencies
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Argentina’s bondholders seek better repayment terms
Government is expected to review three counteroffers to forge a new proposal, but success is still uncertain as default looms
Posted inDaily Brief
FACTBOX 5/18/20: Latin America moves to mitigate impact of COVID-19
UPDATE: IMF approves $520 mln in emergency financial assistance for Jamaica
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Jamaica gets $520 mln in IMF emergency funding
World Bank approves $254 mln for cash transfers to low-income households in Bolivia
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Petrobras maintains production to meet Chinese demand
Brazil’s state-owned oil company says soaring demand for crude oil from China and weak local currency helps ease financial pressure
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US funds with LatAm equities see assets drop to four-year low
Lipper data shows US-based funds AUM fall below $7 bln for the first time since 2016
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FACTBOX 5/15/20: Latin America moves to mitigate impact of COVID-19
UPDATE: Mexican central bank cuts interest rates to support pandemic-hit economy