São Bernardo do Campos gets the go-ahead to borrow $80 mln from CAF, while Paraná receives permission to take $50 mln from IDB
Category: Latin America
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IDB approves loans for Argentina, Ecuador and Paraguay
Regional development bank grants $970 mln in financing to bolster healthcare in the three countries during the coronavirus pandemic
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Fitch cuts Brazilian airlines to B-
Azul, Gol and LATAM are not expected to make a full recovery from coronavirus travel restrictions before 2022, rating agency says
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FACTBOX 5/20/20: Latin America moves to mitigate impact of COVID-19
UPDATE: South Korea donates $50 mln to CABEI to help Central America
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Argentina to extend restructuring talks beyond Friday
Economy Minister Guzmán downplays concerns about a default as the government seeks a “sustainable deal” with creditors
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CAF sets up social bonds in euros
Latin American development bank hires Crédit Agricole, BNP Paribas and Bank of America to arrange a benchmark-sized deal
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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