Eight years after the government’s banking intervention, the Mexican public still lacks a full accounting of the costly decisions taken to stabilize the country’s financial system.
Category: Mexico
Gil Díaz’s Strong Hand
Mexico’s finance secretary has firmly managed Mexico’s accounts, even paying off the last of the country’s Brady bonds. Economic stability and low inflation now are hallmarks of Latin America’s biggest economy.
Testing Market Confidence
In 1995, just as Mexico was crawling out of the peso crisis, the ailing sovereign found its salvation in the international debt market. In December 1994, the country had sunk […]
Luring Investors with Innovation
In 1995, just as Mexico was crawling out of the peso crisis, the ailing sovereign found its salvation in the international debt market. In December 1994, the country had sunk […]
LYNCHPIN Martín Werner
It must be satisfying to witness years of labor come to fruition. Martín Werner, managing director of Goldman Sachs’ Mexico office, has dedicated almost his entire career at Mexico’s ministry […]
Telmex Sets the Standard
Today, Teléfonos de México (Telmex) is one of the most successful telecommunication companies in Latin America. It is the dominant provider of fixed-line and cellular services in Mexico. Telmex’s evolution […]
Sovereign Report
Mexican Bradys, Endangered Species Mexican Bradys are on their way out, after the finance ministry decided to call $3.8 billion-worth of outstanding dollar-denominated A and B series Brady bonds. Once the transaction is completed, only $1.2 billion in Mexican Brady bonds will remain in the market, or 3.6% of the amount originally issued. The government issued […]
Sovereign Report Apr-May 2003
Mexican Bradys, Endangered Species Mexican Bradys are on their way out, after the finance ministry decided to call $3.8 billion-worth of outstanding dollar-denominated A and B series Brady bonds. Once […]
Peso Market’s Power Bond
Mexico’s electricity commission issues a bond backed by receivables from its corporate customers. The bond is the first unsecured asset-backed bond from a government entity.
Putting Pizzazz Into Glass
Vitro, the Mexican glassmaker, is trying to fend off Asian competitors with value-added products. But a weighty debt load and weakening cashflow aren’t making the company’s survival any easier.