Seven years ago, Canada’s Scotiabank took a 10% stake in Inverlat, a Mexican bank laid waste by the 1995 peso crisis. It paid the government, which had taken over Inverlat, […]
Category: Regions
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And Then There Was One
Banorte has come a long way in a short time. As Mexico’s last big locally-owned commercial bank, Banorte has its work cut out to compete against giant foreign-owned banks that […]
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Political Problems Bedevil Toledo
Despite Peru’s strong economic record, its president is very unpopular and investors are frustrated by his policy indecision.
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América Móvil Moves In
The Mexican cellular operator has gobbled up competitors in South America in a bid to be a top player in every market where it operates.
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Mid-Size Ministering
Pedro Aspe, the former Mexican finance minister who resurrected the country’s finances in the late 1980s, raises money for small- to medium-sized companies starved of capital.
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The Mexican Banking Crisis Lives On
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.
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Running Out of Time
Colombia will soon become a net importer of oil unless it can attract more investment. International oil companies want the government to offer them a better deal.
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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.
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Peru’s Future-Flow Trailblazer
In November 2000, Peru’s government pitched into chaos as Alberto Fujimori fled to Japan and faxed his resignation to Congress after a decade in office. The Peruvian Congress swore in […]
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RESOLUTE Susana de la Puente
In 1992, 97% of all Peruvians lacked a functioning telephone and they could expect to wait nearly 10 years to get one. It was a damning reflection on the country’s […]